RUST BRADLEY M 4

What Happened
Bradley M. Rust, President and Chief Financial Officer of German American Bancorp (GABC), received a grant of 6,800 restricted shares on March 4, 2026. The shares were granted with no cash consideration (reported price $0.00) as an award under the company’s 2025 Management Incentive Plan.

Key Details

• Transaction date: 2026-03-04; Form 4 filed 2026-03-06 (within the standard two-business-day reporting window).
• Transaction type/code: Award/Grant (Code A).
• Shares granted: 6,800; reported acquisition price: $0.00 (no cash paid). Total reported cash value: $0.
• Vesting: Restricted stock vests in three approximately equal installments on March 15 of 2027, 2028 and 2029 (Footnote F1).
• Shares owned after transaction: not specified in the provided excerpt; Footnote F2 notes prior holdings include shares from the issuer’s DRIP and 16,464 shares jointly owned with spouse.
• No indication of a 10b5-1 plan, sale, or immediate disposition in this filing.

Context
This was a restricted stock award (compensation), not an open-market purchase or sale. Such awards typically vest over time and do not reflect an immediate change in market exposure. For retail investors, awards are routine executive compensation and should be considered alongside other insider activity, company performance, and overall ownership levels.