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

Role
HTLF President and CEO
Signature
/s/ Janet Emerson, as attorney-in-fact for Bruce K. Lee
Stock symbol
HTLF
Transactions as of
Mar 18, 2024
Transactions value $
-$74,611
Form type
4
Date filed
3/20/2024, 04:10 PM
Previous filing
Aug 16, 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 +7.87K +10.78% $0.00 80.9K Mar 18, 2024 Direct F1
transaction HTLF Common Stock Tax liability -$74.6K -2.26K -2.8% $32.97 78.6K 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 -14.1K -100% $0.00* 0 Mar 18, 2024 Common Stock 14.1K Direct F1, F3
transaction HTLF 2024 Time-Based Restricted Stock Award $0 +16K $0.00 16K Mar 18, 2024 Common Stock 16K 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.