Barry H. Orr - Apr 1, 2021 Form 4 Insider Report for HEARTLAND FINANCIAL USA INC (HTLF)

Role
Director
Signature
/s/Barry H. Orr
Stock symbol
HTLF
Transactions as of
Apr 1, 2021
Transactions value $
$60,012
Form type
4
Date filed
5/20/2021, 04:17 PM
Next filing
Mar 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HTLF Common Stock Options Exercise $21.8K +434 +0.2% $50.26 220K Apr 1, 2021 Direct F1
transaction HTLF Common Stock Options Exercise $47.1K +937 +0.43% $50.26 221K Apr 1, 2021 Direct F1
transaction HTLF Common Stock Options Exercise $52.3K +1.04K +0.47% $50.26 222K Apr 1, 2021 Direct F1
holding HTLF Common Stock 219K Apr 1, 2021 Direct
holding HTLF Common Stock 15.2K Apr 1, 2021 IRA

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HTLF 2021 Time-Based Restricted Stock Tax liability -$52.3K -1.04K -50% $50.26 1.04K May 19, 2021 Common Stock 0 Direct F2, F3
transaction HTLF 2021 Director Restricted Stock Units Award $60K +1.2K $50.01 0 May 19, 2021 Common Stock 1.2K Direct F2, F5, F6
transaction HTLF 2020 Time-Based Restricted Stock Tax liability -$47.1K -937 -50% $50.26 937 May 19, 2021 Common Stock 0 Direct F2, F7
transaction HTLF 2019 Time-Based Restricted Stock Tax liability -$21.8K -434 -50% $50.26 434 May 19, 2021 Common Stock 0 Direct F2, F9
holding HTLF 2021 Time-Based Restricted Stock 0 Apr 1, 2021 Common Stock 1.04K Direct F2, F3
holding HTLF 2021 Performance Based Restricted Stock (3-year performance) 0 Apr 1, 2021 Common Stock 1.56K Direct F2, F4
holding HTLF 2021 Director Restricted Stock Units 0 Apr 1, 2021 Common Stock 0 Direct F2, F5
holding HTLF 2020 Time-Based Restricted Stock 0 Apr 1, 2021 Common Stock 1.41K Direct F2, F7
holding HTLF 2020 Performance Based Restricted Stock (3-year performance) 0 Apr 1, 2021 Common Stock 1.4K Direct F2, F8
holding HTLF 2019 Time-Based Restricted Stock 0 Apr 1, 2021 Common Stock 434 Direct F2, F9
holding HTLF 2019 Performance Based Restricted Stock (3-year performance) 0 Apr 1, 2021 Common Stock 1.3K Direct F2, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The vesting of these shares was accelerated per Restricted Stock Agreement due to qualified employee retirement.
F2 Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
F3 Of these restricted stock units, 1/3 vest on 3-6-2022, 1/3 vest on 3-6-2023, and 1/3 vest on 3-6-2024.
F4 These restricted stock units vest in 2024 if certain performance measures are achieved by the Issuer
F5 These restricted stock units are granted under the 2020 Long-term Incentive Plan and are subject to a one (1) year vesting schedule.
F6 Became non-employee director effective 4-1-2021 following retirement.
F7 Of these restricted stock units, 1/3 vest on 3-6-2021, 1/3 vest on 3-6-2022, and 1/3 vest on 3-6-2023.
F8 These restricted stock units vest in 2023 if certain performance measures are achieved by the Issuer
F9 Of these restricted stock units, 1/3 vest on 3-6-2020, 1/3 vest on 3-6-2021, and 1/3 vest on 3-6-2022.
F10 These restricted stock units vest in 2022 if certain performance measures are achieved by the Issuer