Schuler Vicki L 4

What Happened
Vicki L. Schuler, SVP and Principal Accounting Officer (Controller) of German American Bancorp, was granted 684 restricted shares on 2026-03-04. The grant was priced at $0.00 (no cash paid) and reported on a Form 4 filed 2026-03-06. This is a compensation award under the issuer’s plan rather than a market purchase or sale.

Key Details

• Transaction date: 2026-03-04; Form 4 filed: 2026-03-06 (appears timely, within the typical two-business-day window).
• Grant: 684 restricted shares; price per share reported $0.00; total reported value $0.00.
• Vesting: Per footnote, the restricted stock vests in two equal installments on December 5, 2027 and December 5, 2028.
• Holdings after transaction: the filing does not state a precise total owned after this grant. Footnote notes holdings include shares purchased via the issuer’s Dividend Reinvestment and Stock Purchase Plan and that 1,406 shares are jointly owned with the reporting person’s spouse.
• Footnotes: F1 = award under 2025 Management Incentive Plan, subject to vesting schedule; F2 = includes DRIP purchases and 1,406 jointly owned shares.

Context
This was a standard restricted stock award as compensation; such grants are common for executives and are subject to vesting conditions, so they do not necessarily reflect immediate buying or selling intent. For retail investors, purchases (open-market buys) can be more indicative of insider confidence than compensation awards, which are part of pay structure and long-term retention.