Janet M. Quick - Feb 28, 2023 Form 4 Insider Report for HEARTLAND FINANCIAL USA INC (HTLF)

Role
EVP, Principal Acctg Officer
Signature
/s/ Janet Emerson, as attorney-in-fact for Janet M. Quick
Stock symbol
HTLF
Transactions as of
Feb 28, 2023
Transactions value $
-$13,993
Form type
4
Date filed
3/2/2023, 03:16 PM
Previous filing
Mar 23, 2022
Next filing
Mar 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HTLF Common Stock Options Exercise $0 +865 +5.34% $0.00 17.1K Feb 28, 2023 Direct F1
transaction HTLF Common Stock Tax liability -$14K -284 -1.66% $49.27 16.8K Feb 28, 2023 Direct F2
holding HTLF Common Stock 919 Feb 28, 2023 401 (k)
holding HTLF Common Stock 432 Feb 28, 2023 IRA
holding HTLF Common Stock 265 Feb 28, 2023 Pension Plan

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 +870 $0.00 870 Feb 28, 2023 Common Stock 870 Direct F3, F4
transaction HTLF 2020 Performance Based Restricted Stock (3-year performance) Options Exercise $0 -1.12K -100% $0.00* 0 Feb 28, 2023 Common Stock 1.12K 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.