Mark A. Frank - 01 Dec 2022 Form 4 Insider Report for HEARTLAND FINANCIAL USA INC

Role: EVP, Chief Operating Officer
Signature: /s/ Janet Emerson, as attorney-in-fact for Mark E. Frank
Issuer symbol: N/A
Transactions as of: 01 Dec 2022
Net transactions value: $0
Form type: 4
Filing time: 05 Dec 2022, 18:12:10 UTC
Previous filing: 22 Mar 2022
Next filing: 01 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	HTLF	Common Stock						111	01 Dec 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	+4,839		$0.000000	4,839	01 Dec 2022	Common Stock	4,839	$48.79	Direct	F5
holding	HTLF	2021 Time-Based Restricted Stock						346	01 Dec 2022	Common Stock	346		Direct	F1, F2
holding	HTLF	2022 Performance Based Restricted Stock (3-year performance)						1,451	01 Dec 2022	Common Stock	1,451		Direct	F1, F3
holding	HTLF	2022 Time-Based Restricted Stock						968	01 Dec 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.
F5	The options shall vest 25% on each of the first four anniversaries of the grant date of the award