GABC Director Zachary W. Bawel Buys Shares via DRIP

What Happened
Zachary W. Bawel, a director of German American Bancorp, Inc. (GABC), acquired 22.946 shares of GABC common stock on April 15, 2026, at $43.58 per share for a total of $1,000. The purchase was effected by using a portion of his director compensation to buy shares through the issuer's Dividend Reinvestment and Stock Purchase Plan (DRIP).

Key Details

• Transaction date: 2026-04-15; Form 4 filed: 2026-04-17 (timely filing).
• Transaction type/code: Purchase (P) via the company’s DRIP (footnote F1).
• Shares purchased: 22.946 at $43.58 each; total value ≈ $1,000.
• Shares owned after transaction: Not reported on this Form 4.
• Footnote F1: Transaction resulted from a prior election to use director compensation to purchase shares through the Issuer's Dividend Reinvestment and Stock Purchase Plan.
• No indication of option exercise, gift, or tax-withholding in this filing.

Context
This was a routine purchase made under a company plan using director compensation rather than a standalone open-market trade. Such transactions reflect plan participation and are typically administrative in nature; they do not, by themselves, indicate broader insider intent.