Janet M. Quick - Mar 21, 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: Mar 21, 2023
Transactions value $: -$6,797
Form type: 4
Date filed: 3/23/2023, 09:54 AM
Previous filing: Mar 8, 2023
Next filing: Mar 20, 2024
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	+302	+1.77%	$0.00	17.4K	Mar 21, 2023	Direct	F1
transaction	HTLF	Common Stock	Options Exercise	$0	+279	+1.61%	$0.00	17.6K	Mar 21, 2023	Direct	F1
transaction	HTLF	Common Stock	Tax liability	-$3.53K	-92	-0.52%	$38.40	17.5K	Mar 21, 2023	Direct	F2
transaction	HTLF	Common Stock	Tax liability	-$3.26K	-85	-0.48%	$38.40	17.5K	Mar 21, 2023	Direct	F2
holding	HTLF	Common Stock						919	Mar 21, 2023	401 (k)
holding	HTLF	Common Stock						432	Mar 21, 2023	IRA
holding	HTLF	Common Stock						265	Mar 21, 2023	Pension Plan

Showing 1 to 7 of 7 entries

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	2021 Time-Based Restricted Stock	Options Exercise	$0	-302	-49.19%	$0.00	312	Mar 21, 2023	Common Stock	302		Direct	F1, F3
transaction	HTLF	2022 Time-Based Restricted Stock	Options Exercise	$0	-279	-33.29%	$0.00	559	Mar 21, 2023	Common Stock	279		Direct	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
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.