Bawel Zachary W 4

What Happened Zachary W. Bawel, a director of German American Bancorp, acquired 21.954 shares of the company's common stock on June 15, 2026. The shares were purchased at $45.55 per share for a total reported value of $1,000. This was a purchase (acquisition), which is generally more informative to investors than routine sales.

Key Details

• Transaction date and price: 2026-06-15, 21.954 shares at $45.55/share (total $1,000).
• How it was done: Purchase effected through the issuer's Dividend Reinvestment and Stock Purchase Plan (Dividend Reinvestment Plan) (Footnotes F1, F2).
• Shares owned after transaction: Not specified in the information provided on this filing.
• Filing date/timeliness: Form 4 filed 2026-06-17, two days after the transaction (appears timely under Section 16 requirements).
• Footnotes: F1 notes the purchase resulted from a prior election to reinvest director compensation into the plan; F2 confirms the reported shares include those acquired under the plan.

Context Purchases made through a dividend reinvestment plan are automatic and often reflect an insider electing to reinvest compensation rather than an active open-market bet. Such transactions can indicate a preference to accumulate shares but should be viewed alongside other insider activity and company fundamentals. This filing is a straightforward purchase disclosure, not an option exercise, gift, or sale.