German American Bancorp (NASDAQ: GABC) awards 6,800 restricted shares to President & CFO

Rhea-AI Filing Summary

GERMAN AMERICAN BANCORP, INC. reported that President & CFO Bradley M. Rust acquired 6,800 shares of common stock as a restricted stock award. The grant was made at a price of $0.00 per share under the 2025 Management Incentive Plan and requires no cash payment.

The restricted stock is scheduled to vest in three approximately equal installments on March 15 of 2027, 2028, and 2029. Following this award, Rust directly holds a total of 86,432 common shares, which includes shares acquired through the Dividend Reinvestment and Stock Purchase Plan and 16,464 shares jointly owned with his spouse.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider RUST BRADLEY M

Role PRESIDENT & CFO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	6,800	$0.00	--

Holdings After Transaction: Common Stock — 86,432 shares (Direct)

Footnotes (1)

1. Restricted stock granted pursuant to 2025 Management Incentive Plan, subject to vesting in three approximately equal installments on March 15 in each of 2027, 2028, and 2029. No consideration paid. Includes shares purchased pursuant to the Issuer's Dividend Reinvestment and Stock Purchase Plan. This amount also includes 16,464 shares that the Reporting Person jointly owns with his spouse.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

RUST BRADLEY M

(Last) (First) (Middle)

711 MAIN STREET

BOX 810

(Street)

JASPER IN 47546

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
GERMAN AMERICAN BANCORP, INC. [ GABC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	PRESIDENT & CFO

3. Date of Earliest Transaction (Month/Day/Year)
03/04/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/04/2026		A		6,800(1)	A	$0	86,432(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Restricted stock granted pursuant to 2025 Management Incentive Plan, subject to vesting in three approximately equal installments on March 15 in each of 2027, 2028, and 2029. No consideration paid.

2. Includes shares purchased pursuant to the Issuer's Dividend Reinvestment and Stock Purchase Plan. This amount also includes 16,464 shares that the Reporting Person jointly owns with his spouse.

	/s/ Bradley C. Arnett, Attorney-in-Fact	03/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did GABC President & CFO Bradley Rust report?

Bradley M. Rust reported receiving 6,800 shares of GERMAN AMERICAN BANCORP common stock as a restricted stock award. The grant reflects equity-based compensation, increasing his direct and joint holdings without requiring a cash purchase.

How many GABC shares does Bradley Rust own after this Form 4 filing?

After the reported grant, Bradley M. Rust directly holds 86,432 GERMAN AMERICAN BANCORP common shares. This total includes shares from the Dividend Reinvestment and Stock Purchase Plan and 16,464 shares he jointly owns with his spouse.

What are the vesting terms for Bradley Rust’s 6,800 restricted GABC shares?

The 6,800 restricted shares granted to Bradley M. Rust vest in three approximately equal installments on March 15 of 2027, 2028, and 2029. These time-based conditions tie the compensation to continued service over several years.

Did Bradley Rust pay cash for the 6,800 GABC restricted shares?

No, Bradley M. Rust did not pay cash for the 6,800 restricted shares. The award was granted at $0.00 per share under the 2025 Management Incentive Plan, meaning it represents non-cash, equity-based compensation rather than an open-market purchase.

Under which plan were the new GABC restricted shares granted to Bradley Rust?

The 6,800 restricted shares reported for Bradley M. Rust were granted under the 2025 Management Incentive Plan. This plan provides equity awards to executives, aligning part of their compensation with the company’s stock performance and long-term service.