David Prince - 21 Mar 2022 Form 4 Insider Report for HEARTLAND FINANCIAL USA INC

Role
EVP, Head of Commercial
Signature
/s/ David Prince
Issuer symbol
N/A
Transactions as of
21 Mar 2022
Net transactions value
$0
Form type
4
Filing time
23 Mar 2022, 13:31:17 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 $27,682 +550 +5.8% $50.33 9,963 21 Mar 2022 Direct
holding HTLF Common Stock 9,413 21 Mar 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 $27,682 -550 -50% $50.33 550 21 Mar 2022 Common Stock 1,612 Direct F2, F6
holding HTLF 2020 Performance Based Restricted Stock (3-year performance) 0 21 Mar 2022 Common Stock 2,979 Direct F2, F3
holding HTLF 2020 Time-Based Restricted Stock 0 21 Mar 2022 Common Stock 1,986 Direct F2, F4
holding HTLF 2021 Performance Based Restricted Stock (3-year performance) 0 21 Mar 2022 Common Stock 3,607 Direct F2, F5
holding HTLF 2021 Time-Based Restricted Stock 0 21 Mar 2022 Common Stock 2,405 Direct F2, F6
holding HTLF 2022 Performance Based Restricted Stock (3-year performance) 0 21 Mar 2022 Common Stock 3,628 Direct F2, F7
holding HTLF 2022 Time-Based Restricted Stock 0 21 Mar 2022 Common Stock 2,419 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.