Bruce K. Lee - 18 Mar 2024 Form 4 Insider Report for HEARTLAND FINANCIAL USA INC

Role
HTLF President and CEO
Signature
/s/ Janet Emerson, as attorney-in-fact for Bruce K. Lee
Issuer symbol
N/A
Transactions as of
18 Mar 2024
Net transactions value
-$74,611
Form type
4
Filing time
20 Mar 2024, 16:10:41 UTC
Previous filing
16 Aug 2023
Next filing
25 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 +7,870 +11% $0.000000 80,909 18 Mar 2024 Direct F1
transaction HTLF Common Stock Tax liability $74,611 -2,263 -2.8% $32.97 78,646 18 Mar 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 -14,054 -100% $0.000000* 0 18 Mar 2024 Common Stock 14,054 Direct F1, F3
transaction HTLF 2024 Time-Based Restricted Stock Award $0 +16,048 $0.000000 16,048 18 Mar 2024 Common Stock 16,048 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.