Kevin G. Quinn - 28 Feb 2023 Form 4 Insider Report for HEARTLAND FINANCIAL USA INC (HTLF)

Role
EVP Chief Banking Officer
Signature
/s/ Janet Emerson, as attorney-in-fact for Kevin G. Quinn
Issuer symbol
HTLF
Transactions as of
28 Feb 2023
Transactions value $
-$16,653
Form type
4
Filing time
02 Mar 2023, 15:12:42 UTC
Previous filing
05 Dec 2022
Next filing
08 Mar 2023
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 $0 +1.17K +22.79% $0.00 6.29K 28 Feb 2023 Direct F1
transaction HTLF Common Stock Tax liability -$16.7K -338 -5.37% $49.27 5.96K 28 Feb 2023 Direct F2
holding HTLF Common Stock 5.35K 28 Feb 2023 401(k)

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 2023 Time-Based Restricted Stock Award $0 +2.62K $0.00 2.62K 28 Feb 2023 Common Stock 2.62K Direct F3, F4
transaction HTLF 2020 Performance Based Restricted Stock (3-year performance) Options Exercise $0 -1.52K -100% $0.00* 0 28 Feb 2023 Common Stock 1.52K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares earned upon vesting and settlement of Performance Restricted Stock Units ("Performance RSUs") awarded March 17, 2020, achievement of 77% of performance criteria.
F2 These shares were withheld from distribution at the request of reporting person to satisfy tax liability.
F3 Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
F4 Of these restricted stock units, 1/3 vest on 3-21-2024, 1/3 vest on 3-21-2025, and 1/3 vest on 3-21-2026.