Tamina O'Neill - 28 Feb 2023 Form 4 Insider Report for HEARTLAND FINANCIAL USA INC

Role
EVP Chief Risk Officer
Signature
/s/ Janet Emerson, as attorney-in-fact for Tamina O'Neill
Issuer symbol
N/A
Transactions as of
28 Feb 2023
Net transactions value
-$9,411
Form type
4
Filing time
02 Mar 2023, 15:25:16 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 +649 +90% $0.000000 1,368 28 Feb 2023 Direct F1
transaction HTLF Common Stock Tax liability $9,411 -191 -14% $49.27 1,177 28 Feb 2023 Direct F2

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 +1,821 $0.000000 1,821 28 Feb 2023 Common Stock 1,821 Direct F3, F4
transaction HTLF 2020 Performance Based Restricted Stock (3-year performance) Options Exercise $0 -843 -100% $0.000000* 0 28 Feb 2023 Common Stock 843 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.