Seger Andrew M 4

What Happened

Andrew M. Seger, a director of German American Bancorp, Inc. (GABC), purchased 51.876 shares on 2026-03-17 at $40.48 per share, for a total reported cost of $2,100. The transaction is reported as a purchase (code P) and was effected through the issuer’s Dividend Reinvestment and Stock Purchase Plan.

Key Details

• Transaction date and price: 2026-03-17 at $40.48 per share.
• Shares purchased: 51.876; aggregate purchase value: $2,100.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes of note:
  • F1: The reporting person is also CFO and a shareholder of Wabash Valley Produce, Inc.
  • F2: The purchase was made pursuant to a prior election to use part of director compensation to buy shares through the Dividend Reinvestment and Stock Purchase Plan.
  • F3: Reported share total includes shares acquired under the Dividend Reinvestment Plan.
• Filing timeliness: Reported on 2026-03-17 (same date as the transaction), indicating a timely Form 4 filing.

Context

This was a modest purchase made via the company’s dividend reinvestment/stock purchase plan using director compensation elections, which is a common and routine way insiders accumulate shares. Purchases are often watched by investors for potential insider confidence signals, but plan-based reinvestments can reflect compensation mechanics rather than a discretionary market bet.