Dauby D Neil 4

What Happened
D. Neil Dauby, Chairman and CEO of German American Bancorp (GABC), was granted 12,466 restricted shares on March 4, 2026. The shares were awarded (transaction code A) at $0.00 — this is a compensation grant rather than an open-market purchase or sale.

Key Details

• Transaction date: March 4, 2026; Form 4 filed March 6, 2026.
• Shares granted: 12,466 restricted shares; reported acquisition price $0.00 (no cash paid).
• Vesting: Grant is subject to vesting in three approximately equal installments on March 15 of 2027, 2028, and 2029 (footnote F1).
• Footnote F2: Filing also notes inclusion of shares purchased via the issuer's Dividend Reinvestment and Stock Purchase Plan (separate disclosure).
• Shares owned after transaction: not specified in the excerpt of the filing provided.
• Filing timeliness: Reported on Form 4 two days after the transaction date — filed promptly.

Context
This was a restricted stock award as part of the issuer's 2025 Management Incentive Plan (compensation), not an open-market purchase. Such grants compensate executives and vest over time; they do not necessarily indicate an immediate buying or selling signal.