Karrels Kevin C 4
4 · HEARTLAND FINANCIAL USA INC · Filed Mar 2, 2023
Insider Transaction Report
Form 4
Karrels Kevin C
EVP, Head of Consumer, Retail
Transactions
- Exercise/Conversion
Common Stock
2023-02-28+865→ 2,674 total - Tax Payment
Common Stock
2023-02-28$49.27/sh−208$10,248→ 2,466 total - Exercise/Conversion
2020 Performance Based Restricted Stock (3-year performance)
2023-02-28−1,124→ 0 total→ Common Stock (1,124 underlying) - Award
2023 Time-Based Restricted Stock
2023-02-28+1,016→ 1,016 total→ Common Stock (1,016 underlying)
Footnotes (4)
- [F1]Shares earned upon vesting and settlement of Performance Restricted Stock Units ("Performance RSUs") awarded March 17, 2020, achievement of 77% 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 3-21-2024, 1/3 vest on 3-21-2025, and 1/3 vest on 3-21-2026