Jai Kim - 21 Mar 2022 Form 4 Insider Report for HEARTLAND FINANCIAL USA INC

Role
EVP & General Counsel
Signature
Jay Kim
Issuer symbol
N/A
Transactions as of
21 Mar 2022
Net transactions value
$0
Form type
4
Filing time
22 Mar 2022, 19:10:07 UTC
Previous filing
16 Mar 2022
Next filing
05 Dec 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 $10,519 +209 +243% $50.33 295 21 Mar 2022 Direct
holding HTLF Common Stock 86 21 Mar 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 2021 Time-Based Restricted Stock Tax liability $10,519 -209 -50% $50.33 209 21 Mar 2022 Common Stock 614 Direct F1, F3
holding HTLF 2021 Performance Based Restricted Stock (3-year performance) 0 21 Mar 2022 Common Stock 1,374 Direct F1, F2
holding HTLF 2021 Time-Based Restricted Stock 0 21 Mar 2022 Common Stock 916 Direct F1, F3
holding HTLF 2022 Performance Based Restricted Stock (3-year performance) 0 21 Mar 2022 Common Stock 1,693 Direct F1, F4
holding HTLF 2022 Time-Based Restricted Stock 0 21 Mar 2022 Common Stock 1,129 Direct F1, F5
* 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 2023 if certain performance measures are achieved by the Issuer
F3 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.
F4 These restricted stock units vest in 2025 if certain performance measures are achieved by the Issuer
F5 Of these restricted stock units, 1/3 vest on 3-6-2023, 1/3 vest on 3-6-2024, and 1/3 vest on 3-6-2025.