Martin J. Schmitz - 05 Jun 2021 Form 4 Insider Report for HEARTLAND FINANCIAL USA INC

Role: Director
Signature: /s/ Martin J. Schmitz
Issuer symbol: N/A
Transactions as of: 05 Jun 2021
Net transactions value: $0
Form type: 4
Filing time: 07 Jun 2021, 14:25:37 UTC
Previous filing: 03 Jun 2021
Next filing: 09 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HTLF	Common Stock	Options Exercise	$106,541	+2,116	+3.2%	$50.35	68,237	05 Jun 2021	Direct
transaction	HTLF	Common Stock	Options Exercise	$36,252	+720	+1.1%	$50.35	68,957	05 Jun 2021	Direct
holding	HTLF	Common Stock						66,121	05 Jun 2021	Direct
holding	HTLF	Common Stock						211,935	05 Jun 2021	controlling member

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	2020 Director Restricted Stock Units (retainer)	Options Exercise	$36,252	-720	-50%	$50.35	720	05 Jun 2021	Common Stock	0		Direct	F1, F2
transaction	HTLF	2020 Director Restricted Stock Units	Options Exercise	$106,541	-2,116	-50%	$50.35	2,116	05 Jun 2021	Common Stock	0		Direct	F1, F2
holding	HTLF	2021 Director Restricted Stock Units						0	05 Jun 2021	Common Stock	1,350		Direct	F1, F2
holding	HTLF	2020 Director Restricted Stock Units (retainer)						0	05 Jun 2021	Common Stock	720		Direct	F1, F2
holding	HTLF	2020 Director Restricted Stock Units						0	05 Jun 2021	Common Stock	2,116		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
F2	These restricted stock units are granted under the 2020 Long-term Incentive Plan and are subject to a one (1) year vesting schedule.