Nathan R. Jones - Dec 1, 2022 Form 4 Insider Report for HEARTLAND FINANCIAL USA INC (HTLF)

Role
EVP, Chief Credit Officer
Signature
/s/ Janet Emerson, as attorney-in-fact for Nathan R. Jones
Stock symbol
HTLF
Transactions as of
Dec 1, 2022
Transactions value $
$0
Form type
4
Date filed
12/5/2022, 06:03 PM
Previous filing
Mar 23, 2022
Next filing
Mar 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding HTLF Common Stock 299 Dec 1, 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 Non-Qualified Stock Option (Right To Buy) Award $0 +6.45K $0.00 6.45K Dec 1, 2022 Common Stock 6.45K $48.79 Direct F7
holding HTLF 2020 Time-Based Restricted Stock (3yr cliff vesting) 7.34K Dec 1, 2022 Common Stock 7.34K Direct F1, F2
holding HTLF 2021 Performance Based Restricted Stock (3-year performance) 1.87K Dec 1, 2022 Common Stock 1.87K Direct F1, F3
holding HTLF 2021 Time-Based Restricted Stock 837 Dec 1, 2022 Common Stock 837 Direct F1, F4
holding HTLF 2022 Performance Based Restricted Stock (3-year performance) 2.18K Dec 1, 2022 Common Stock 2.18K Direct F1, F5
holding HTLF 2022 Time-Based Restricted Stock 1.45K Dec 1, 2022 Common Stock 1.45K Direct F1, F6
* 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 restrict stock units vest on the third calendar year on the date granted.
F3 These restricted stock units vest in 2024 if certain performance measures are achieved by the Issuer
F4 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.
F5 These restricted stock units vest in 2025 if certain performance measures are achieved by the Issuer
F6 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.
F7 The options shall vest 25% on each of the first four anniversaries of the grant date of the award