Jai Kim - Mar 18, 2024 Form 4 Insider Report for HEARTLAND FINANCIAL USA INC (HTLF)

Role
EVP & General Counsel, CAO
Signature
/s/ Janet Emerson, as attorney-in-fact for Jai Kim
Stock symbol
HTLF
Transactions as of
Mar 18, 2024
Transactions value $
-$7,781
Form type
4
Date filed
3/20/2024, 04:09 PM
Previous filing
Aug 2, 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 +769 +58.61% $0.00 2.08K Mar 18, 2024 Direct F1
transaction HTLF Common Stock Tax liability -$7.78K -236 -11.34% $32.97 1.85K 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 Time-Based Restricted Stock Options Exercise $0 -1.37K -100% $0.00* 0 Mar 18, 2024 Common Stock 1.37K Direct F1, F3
transaction HTLF 2024 Time-Based Restricted Stock Award $0 +3.74K $0.00 3.74K Mar 18, 2024 Common Stock 3.74K 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.