KELLY JASON M 4
Research Summary
AI-generated summary
GABC Director Jason M. Kelly Buys 418 Shares via DRIP
What Happened
- Jason M. Kelly, a director of German American Bancorp, Inc. (GABC), acquired 418.078 shares of GABC common stock on 2026-07-16. The purchase price was $47.84 per share for a total reported value of $20,000. The transaction type is recorded as a purchase (P).
Key Details
- Transaction date and price: 2026-07-16 at $47.84 per share.
- Shares acquired: 418.078; Total value: $20,000 (reported).
- Method: Shares were purchased through the Issuer's Dividend Reinvestment and Stock Purchase Plan (DRIP) pursuant to a prior election to use a portion of director compensation (Footnote F1).
- Footnote F2: The filing includes additional shares acquired under the DRIP that had been previously omitted from reporting.
- Filing timing: The Form 4 was filed on 2026-07-17 for a 2026-07-16 transaction (appears to be filed the next day).
Context
- This is a direct purchase via the company's DRIP (an automated reinvestment of director compensation), which is typically a routine way insiders accumulate shares rather than an open-market discretionary buy. Purchases can be more informative than sales, but this filing is factual—no motive is stated. The filing corrects/updates prior omissions (per F2).