Mark A. Frank - Mar 21, 2022 Form 4 Insider Report for HEARTLAND FINANCIAL USA INC (HTLF)

Role
SVP, Regional Operations
Signature
/s/Mark E Frank
Stock symbol
HTLF
Transactions as of
Mar 21, 2022
Transactions value $
-$5,587
Form type
4
Date filed
3/22/2022, 07:32 PM
Previous filing
Mar 16, 2022
Next filing
Dec 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HTLF Common Stock Options Exercise $0 +111 $0.00 111 Mar 21, 2022 Direct
holding HTLF Common Stock 0 Mar 21, 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 -$5.59K -111 -21.51% $50.33 405 Mar 21, 2022 Common Stock 111 Direct F1, F2
holding HTLF 2021 Time-Based Restricted Stock 0 Mar 21, 2022 Common Stock 516 Direct F1, F2
holding HTLF 2022 Performance Based Restricted Stock (3-year performance) 0 Mar 21, 2022 Common Stock 1.45K Direct F1, F3
holding HTLF 2022 Time-Based Restricted Stock 0 Mar 21, 2022 Common Stock 968 Direct F1, F4
* 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 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.
F3 These restricted stock units vest in 2025 if certain performance measures are achieved by the Issuer
F4 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.