Mark A. Frank - 21 Mar 2023 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
21 Mar 2023
Net transactions value
-$5,491
Form type
4
Filing time
23 Mar 2023, 10:44:53 UTC
Previous filing
01 Mar 2023
Next filing
20 Mar 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 +170 +37% $0.000000 631 21 Mar 2023 Direct F1
transaction HTLF Common Stock Options Exercise $0 +323 +51% $0.000000 954 21 Mar 2023 Direct F1
transaction HTLF Common Stock Tax liability $1,882 -49 -5.1% $38.40 905 21 Mar 2023 Direct F2
transaction HTLF Common Stock Tax liability $3,610 -94 -10% $38.40 811 21 Mar 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 2022 Time-Based Restricted Stock Options Exercise $0 -323 -33% $0.000000 645 21 Mar 2023 Common Stock 323 Direct F1, F3
transaction HTLF 2021 Time-Based Restricted Stock Options Exercise $0 -170 -49% $0.000000 176 21 Mar 2023 Common Stock 170 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.