Nathan R. Jones - Mar 18, 2024 Form 4 Insider Report for HEARTLAND FINANCIAL USA INC (HTLF)

Role
EVP, Chief Credit Officer
Signature
/s/ Janet Emerson, as attorney-in-fact for Nathan R. Jones
Stock symbol
HTLF
Transactions as of
Mar 18, 2024
Transactions value $
-$9,858
Form type
4
Date filed
3/20/2024, 04:08 PM
Previous filing
Jul 31, 2023
Next filing
Mar 25, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HTLF Common Stock Options Exercise $0 +1.05K +16.95% $0.00 7.24K Mar 18, 2024 Direct F1
transaction HTLF Common Stock Tax liability -$9.86K -299 -4.13% $32.97 6.94K Mar 18, 2024 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 2021 Performance Based Restricted Stock (3-year performance) Options Exercise $0 -1.87K -100% $0.00* 0 Mar 18, 2024 Common Stock 1.87K Direct F1, F3
transaction HTLF 2024 Time-Based Restricted Stock Award $0 +3.03K $0.00 3.03K Mar 18, 2024 Common Stock 3.03K Direct F3, F4
* 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 16, 2021, achievement of 56% 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 3-21-2025, 1/3 vest on 3-21-2026, and 1/3 vest on 3-21-2027.