German American Bancorp (GABC) Director Zachary W. Bawel Buys Stock

What Happened
Zachary W. Bawel, a director of German American Bancorp, purchased 400.853 shares of the company's common stock at $49.89 per share on 2026-09-15, for a total reported value of $20,000. The transaction is a purchase (code P) and was effected through the issuer’s Dividend Reinvestment and Stock Purchase Plan using a portion of his director compensation.

Key Details

• Transaction date and price: 2026-09-15 at $49.89 per share.
• Shares acquired: 400.853 shares; Total value reported: $20,000.
• Method: Purchase via the Dividend Reinvestment and Stock Purchase Plan (see footnotes F1, F2).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Filing date: Form 4 filed 2026-09-16 for the 2026-09-15 transaction — appears timely under standard Form 4 rules.
• No 10b5-1 plan, option exercise, gift, or tax-withholding indicated in this filing.

Context
This purchase was made through an automatic plan to reinvest director compensation (a common, routine way insiders accumulate shares) rather than an ad hoc open-market buy driven by a discretionary decision. While purchases can be viewed positively by investors, the filing’s footnotes indicate this was executed pursuant to a prior election to reinvest compensation, so it may reflect an automatic plan rather than an expressed new vote of confidence.