David Prince - Mar 21, 2022 Form 4 Insider Report for HEARTLAND FINANCIAL USA INC (HTLF)

Role
EVP, Head of Commercial
Signature
/s/ David Prince
Stock symbol
HTLF
Transactions as of
Mar 21, 2022
Transactions value $
$0
Form type
4
Date filed
3/23/2022, 01:31 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 $27.7K +550 +5.84% $50.33 9.96K Mar 21, 2022 Direct
holding HTLF Common Stock 9.41K Mar 21, 2022 Direct F1

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 -$27.7K -550 -50% $50.33 550 Mar 21, 2022 Common Stock 1.61K Direct F2, F6
holding HTLF 2020 Performance Based Restricted Stock (3-year performance) 0 Mar 21, 2022 Common Stock 2.98K Direct F2, F3
holding HTLF 2020 Time-Based Restricted Stock 0 Mar 21, 2022 Common Stock 1.99K Direct F2, F4
holding HTLF 2021 Performance Based Restricted Stock (3-year performance) 0 Mar 21, 2022 Common Stock 3.61K Direct F2, F5
holding HTLF 2021 Time-Based Restricted Stock 0 Mar 21, 2022 Common Stock 2.41K Direct F2, F6
holding HTLF 2022 Performance Based Restricted Stock (3-year performance) 0 Mar 21, 2022 Common Stock 3.63K Direct F2, F7
holding HTLF 2022 Time-Based Restricted Stock 0 Mar 21, 2022 Common Stock 2.42K Direct F2, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Increased the common stock holding total by 2 shares due to a previous calculation error.
F2 Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
F3 These restricted stock units vest in 2023 if certain performance measures are achieved by the Issuer
F4 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.
F5 These restricted stock units vest in 2024 if certain performance measures are achieved by the Issuer
F6 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.
F7 These restricted stock units vest in 2025 if certain performance measures are achieved by the Issuer
F8 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.