Bruce K. Lee - Mar 1, 2022 Form 4 Insider Report for HEARTLAND FINANCIAL USA INC (HTLF)

Role
HTLF President and CEO
Signature
/s/ Bruce K. Lee
Stock symbol
HTLF
Transactions as of
Mar 1, 2022
Transactions value $
$0
Form type
4
Date filed
3/3/2022, 04:19 PM
Next filing
Mar 8, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HTLF Common Stock Options Exercise $229K +4.61K +11.51% $49.62 44.6K Mar 1, 2022 Direct
holding HTLF Common Stock 40K Mar 1, 2022 Direct

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 2019 Performance Based Restricted Stock (3-year performance) Tax liability -$229K -4.61K -50% $49.62 4.61K Mar 1, 2022 Common Stock 0 Direct F1, F2
holding HTLF 2019 Performance Based Restricted Stock (3-year performance) 0 Mar 1, 2022 Common Stock 5.33K Direct F1, F2
holding HTLF 2019 Time-Based Restricted Stock 0 Mar 1, 2022 Common Stock 1.78K Direct F1, F3
holding HTLF 2020 Performance Based Restricted Stock (3-year performance) 0 Mar 1, 2022 Common Stock 12.6K Direct F1, F4
holding HTLF 2020 Time-Based Restricted Stock 0 Mar 1, 2022 Common Stock 0 Direct F1, F5
holding HTLF 2021 Performance Based Restricted Stock (3-year performance) 0 Mar 1, 2022 Common Stock 0 Direct F1, F6
holding HTLF 2021 Time-Based Restricted Stock 0 Mar 1, 2022 Common Stock 0 Direct F1, F7
* 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 vest in 2022 if certain performance measures are achieved by the Issuer
F3 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.
F4 These restricted stock units vest in 2023 if certain performance measures are achieved by the Issuer
F5 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.
F6 These restricted stock units vest in 2024 if certain performance measures are achieved by the Issuer
F7 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.