KELLY JASON M 4

What Happened
Jason M. Kelly, a director of German American Bancorp, Inc. (ticker: GABC), was granted a restricted stock award of 1,168 shares on June 29, 2026. The award was reported as an acquisition at $0.00 per share (reported value $0) and is part of the issuer’s non-employee director compensation.

Key Details

• Transaction date: 2026-06-29 (Form 4 filed 2026-07-01). Filing appears timely (within the two-business-day window).
• Transaction type: Award/Grant (code A). Reported acquisition price: $0.00. Shares acquired: 1,168.
• Vesting: The restricted stock will vest on July 1, 2027 (Footnote F1).
• Ownership note: The filing indicates holdings include shares acquired under the issuer’s Dividend Reinvestment and Stock Purchase Plan (Footnote F2). The filing did not state total shares owned after the grant in the provided summary.
• No sale or exercise occurred—this is a compensation award, not an open-market purchase or sale.

Context
Restricted stock awards to non-employee directors are common as part of annual director compensation and generally vest over time; they are not immediate cash purchases or sales. Because the award was granted at $0 in the filing, the reported transaction value is $0, though the economic value will depend on GABC’s stock price when the shares vest.