Banking
Finward Bancorp Executive Compensation (FY25)
FNWD · Executive and director compensation, fiscal 2024 to 2025
Data as of September 7, 2026Latest filing (8-K): May 26, 2026
136 figures on this page: 126 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
Disclosures span fiscal 2024 through fiscal 2025. Separately, the fiscal 2025 disclosure covers 4 named executive officers, and total compensation for Benjamin J. Bochnowski, President and Chief Executive Officer, came to $480,686 in fiscal 2025, and Bochnowski's total was 5.4% lower than the $508,236 reported for fiscal 2024. Meanwhile, for fiscal 2025, shareholders backed the say-on-pay proposal with 94.1% of votes cast for or against in favor at the meeting held May 22, 2026.
This company is not required to report a chief executive pay ratio.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Benjamin J. Bochnowski: $508,236 → $480,686 (5.4% lower)
Say-on-pay support: 88.2% → 94.1% (5.9 points higher)
Frequently asked questions
Answers drawn from the data on this page.
Who is Finward Bancorp's chief executive and what were they paid?
Total compensation for Benjamin J. Bochnowski, President and Chief Executive Officer, came to $480,686 in fiscal 2025. Bochnowski's total was 5.4% lower than the $508,236 reported for fiscal 2024.
What was Finward Bancorp's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 94.1% of votes cast for or against in favor at the meeting held May 22, 2026.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Benjamin Bochnowski President and Chief Executive Officer | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Todd Scheub Executive Vice President, Chief Revenue Officer; President of Peoples Bank | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Robert Lowry Executive Vice President, Chief Operating Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Benjamin Schmitt Executive Vice President, Chief Financial Officer and Treasurer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Benjamin J. Bochnowski President and Chief Executive Officer | ◇ | — | — | — | ◇ | — | ◇ | ◇ |
Todd M. Scheub Executive Vice President, Chief Revenue Officer; President of Peoples Bank | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Robert T. Lowry Executive Vice President, Chief Operating Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Benjamin L. Schmitt Executive Vice President, Chief Financial Officer and Treasurer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Benjamin Schmitt | PSU | — | — | — | — | — | — | ◇ |
| Robert Lowry | PSU | — | — | — | — | — | — | ◇ |
| Todd Scheub | PSU | — | — | — | — | — | — | ◇ |
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Todd Scheub | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| Benjamin Bochnowski | RSU | ◇ | ◇ | — | — |
| Benjamin Schmitt | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| Robert Lowry | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Joel Gorelick Board chair | ◇ | ◇ | — | — | — | — | ◇ |
Robert E. Johnson, III | ◇ | ◇ | — | — | — | — | ◇ |
Robert E. Johnson III | ◇ | ◇ | — | — | — | — | ◇ |
Anthony M. Puntillo, D.D.S., M.S.D | ◇ | ◇ | — | — | — | — | ◇ |
Robert W. Youman | ◇ | ◇ | — | — | — | — | ◇ |
Jennifer R. Evans | ◇ | ◇ | — | — | — | — | ◇ |
Amy W. Han, Ph.D | ◇ | ◇ | — | — | — | — | ◇ |
Carolyn M. Burke | ◇ | ◇ | — | — | — | — | ◇ |
Danette Garza, J.D., CPA | ◇ | ◇ | — | — | — | — | ◇ |
Martin P. Alwin | ◇ | ◇ | — | — | — | — | ◇ |
James L. Wieser, J.D | ◇ | — | — | — | — | — | ◇ |
Benjamin J. Bochnowski served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Board chair premium | ◇ |
| Audit committee chair | ◇ |
| Compensation committee chair | ◇ |
| Nominating and governance chair | ◇ |
Equity is delivered as Restricted Stock.
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | May 22, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | May 22, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | May 24, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | May 5, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | May 20, 2022 | = | ◇ | ◇ | ◇ |
| 2019 | May 15, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | April 25, 2019 | = | ◇ | ◇ | ◇ |
| 2017 | April 27, 2018 | = | ◇ | ◇ | ◇ |
| 2016 | April 27, 2017 | = | ◇ | ◇ | ◇ |
| 2015 | April 28, 2016 | = | ◇ | ◇ | ◇ |
What this page does not include
Everything above is a fact Finward Bancorp disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
136 figures on this page: 126 cited to the filing that reported them, 10 calculated from figures it prints.
126 cited to the filing
10 calculated from the filing
Documents cited
- 0001628280-26-038070
- 0001193125-26-142083Compensation of Directors for 2025 · Director Compensation · EXECUTIVE COMPENSATION · Outstanding Equity Awards at Fiscal 2025 Year-End · and 1 more section
- 0001193125-25-130618
- 0001193125-25-070420Summary Compensation Table for 2024
- 0001437749-24-018592
- 0001437749-23-013318
- 0001437749-22-013316
- 0001437749-20-011293
- 0001144204-19-021629
- 0001144204-18-025499
- 0001144204-17-023013
- 0001144204-16-097030
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Finward Bancorp executive compensation, FY2024–FY2025.” https://intel.velarion.ai/comp/FNWD (accessed 2026).
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Terms on this page
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}