Jackson Amy D 4

What Happened

• Amy D. Jackson, EVP & Chief Administrative Officer of German American Bancorp (GABC), surrendered a total of 1,627 shares (three dispositions) to satisfy tax withholding obligations tied to the vesting of restricted stock. The shares were recorded at $40.07 each for a combined value of $65,194.
• Breakdown: 530 shares @ $40.07 = $21,237; 623 shares @ $40.07 = $24,964; 474 shares @ $40.07 = $18,993. These were internal share surrenders (transaction code F), not open‑market sales.

Key Details

• Transaction date: 2026-03-16; Form 4 filed 2026-03-17 (appears timely).
• Per-share price reported: $40.07; total value: $65,194.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Footnotes: the surrenders relate to tax withholding upon vesting of restricted stock awards granted on March 15, 2023 (1,266 shares), March 15, 2024 (1,488 shares), and March 15, 2025 (1,132 shares).
• Transaction code F = shares surrendered to satisfy tax withholding (routine administrative action).

Context

• These are tax‑withholding surrenders triggered by restricted stock vesting, not discretionary open‑market sales or purchases. Such transactions are typically routine and driven by payroll/tax needs rather than a signal of the insider’s view of the stock.
• For investors watching insider activity, purchases and open‑market sales usually carry more informational weight than tax withholding surrenders.