Powell Warren Scott 4

What Happened
Powell Warren Scott, EVP and Chief Credit Officer of German American Bancorp, Inc. (GABC), was granted 3,174 restricted shares on March 4, 2026. The Form 4 reports the acquisition price as $0.00 (no cash paid); the grant is an award under the issuer’s 2025 Management Incentive Plan.

Key Details

• Transaction date: 2026-03-04; reported on Form 4 filed 2026-03-06 (timely filing).
• Shares granted: 3,174 restricted shares; reported acquisition price $0.00 (award/grant).
• Vesting: Per footnote F1, the restricted shares vest in three approximately equal installments on March 15 of 2027, 2028, and 2029.
• Shares owned after transaction: Not specified in the provided summary of the filing.
• Other footnote (F2): Notes some beneficially owned shares may include those acquired via the issuer’s Dividend Reinvestment and Stock Purchase Plan.

Context
This was a compensation award (not an open-market purchase or sale). Restricted stock grants are common executive compensation and are subject to vesting conditions; they don’t necessarily indicate immediate buying or selling intent. The $0.00 acquisition reflects that no cash was paid for the award, not the market value of the shares.