Daniel C. Stevens - 21 Mar 2022 Form 4 Insider Report for HEARTLAND FINANCIAL USA INC

Signature
/s/ Dan Stevens
Issuer symbol
N/A
Transactions as of
21 Mar 2022
Net transactions value
$0
Form type
4
Filing time
23 Mar 2022, 13:27:21 UTC
Previous filing
14 Sep 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HTLF Common Stock Options Exercise $15,804 +314 $50.33 314 21 Mar 2022 Direct
holding HTLF Common Stock 0 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 $15,804 -314 -50% $50.33 314 21 Mar 2022 Common Stock 0 Direct F1, F3
holding HTLF 2021 Performance Based Restricted Stock (3-year performance) 0 21 Mar 2022 Common Stock 2,186 Direct F1, F2
holding HTLF 2021 Time-Based Restricted Stock 0 21 Mar 2022 Common Stock 1,458 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Daniel C. Stevens is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

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 2024 if certain performance measures are achieved by the Issuer
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.