STOCK TITAN

[Form 4] German American Bancorp, Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Positive)
Form Type
4
Rhea-AI Filing Summary

Zachary W. Bawel, a director of German American Bancorp, Inc. (GABC), reported a transaction under Section 16. The filing shows a purchase of 503.3207 shares of the issuer's common stock on 08/15/2025 at a price of $39.7361 per share executed pursuant to prior election to use director compensation to buy shares through the company's Dividend Reinvestment and Stock Purchase Plan.

The form also records 2,748 shares held indirectly in a revocable trust and lists total beneficial ownership following the reported transaction as 23,300.8386 shares.

Zachary W. Bawel, membro del consiglio di amministrazione di German American Bancorp, Inc. (GABC), ha segnalato una operazione ai sensi della Sezione 16. La comunicazione indica l'acquisto di 503.3207 azioni ordinarie della società in data 15/08/2025 al prezzo di $39.7361 per azione, eseguito in base a una precedente scelta di utilizzare la remunerazione del direttore per acquistare azioni tramite il Dividend Reinvestment and Stock Purchase Plan della società.

Il modulo riporta inoltre 2.748 azioni detenute indirettamente tramite un trust revocabile e indica una partecipazione totale a beneficio dell'interessato, dopo l'operazione segnalata, pari a 23,300.8386 azioni.

Zachary W. Bawel, director de German American Bancorp, Inc. (GABC), informó una transacción conforme a la Sección 16. La presentación muestra la compra de 503.3207 acciones ordinarias de la emisora el 15/08/2025 a un precio de $39.7361 por acción, realizada en virtud de una elección previa de usar la compensación del director para comprar acciones mediante el Dividend Reinvestment and Stock Purchase Plan de la compañía.

El formulario también registra 2,748 acciones poseídas de forma indirecta en un fideicomiso revocable y señala una titularidad beneficiaria total tras la transacción reportada de 23,300.8386 acciones.

Zachary W. Bawel는 German American Bancorp, Inc.(GABC)의 이사로서 섹션 16에 따른 거래를 보고했습니다. 제출서류에는 2025-08-15에 발행회사 보통주 503.3207주를 주당 $39.7361에 매수한 내역이 기재되어 있으며, 이는 이사의 보수를 회사의 배당재투자 및 주식매수계획(Dividend Reinvestment and Stock Purchase Plan)을 통해 주식 구매에 사용하기로 한 사전 선택에 따라 실행된 것입니다.

서류에는 또한 취소 가능한 신탁(revocable trust)에 간접 보유된 2,748주가 기록되어 있으며, 보고된 거래 후 총 실질적 보유주식수는 23,300.8386주로 기재되어 있습니다.

Zachary W. Bawel, administrateur de German American Bancorp, Inc. (GABC), a déclaré une opération en vertu de la Section 16. Le dossier indique l'achat de 503.3207 actions ordinaires de l'émetteur le 15/08/2025 au prix de $39.7361 par action, réalisé suite à une option antérieure d'utiliser la rémunération de l'administrateur pour acquérir des actions via le Dividend Reinvestment and Stock Purchase Plan de la société.

Le formulaire mentionne également 2,748 actions détenues indirectement dans une fiducie révocable et fait état d'une détention bénéficiaire totale après la transaction déclarée de 23,300.8386 actions.

Zachary W. Bawel, ein Direktor von German American Bancorp, Inc. (GABC), meldete eine Transaktion nach Abschnitt 16. Die Meldung weist den Erwerb von 503.3207 Stammaktien des Emittenten am 15.08.2025 zu einem Preis von $39.7361 je Aktie aus, ausgeführt aufgrund einer vorherigen Entscheidung, die Vergütung als Direktor zur Aktienkauf über den Dividend Reinvestment and Stock Purchase Plan des Unternehmens zu verwenden.

Das Formular verzeichnet außerdem 2.748 Aktien, die indirekt in einem widerruflichen Trust gehalten werden, und nennt den gesamten wirtschaftlichen Besitz nach der gemeldeten Transaktion mit 23,300.8386 Aktien.

Positive
  • Director increased equity stake by acquiring 503.3207 shares through the issuers Dividend Reinvestment and Stock Purchase Plan
  • Transaction executed via pre-established plan, indicating adherence to an existing compensation election rather than an ad-hoc trade
  • Form 4 filed and signed, showing compliance with Section 16 reporting requirements
Negative
  • None.

Insights

TL;DR: Routine insider purchase via DRIP increases directors stake by 503.3207 shares at $39.7361, indicating continued executive participation.

The reported purchase is small relative to typical institutional transactions and was executed under the issuers dividend reinvestment and stock purchase plan, suggesting it follows a pre-established compensation election. The transaction increases the reporting persons beneficial ownership to 23,300.8386 shares, which may modestly align his interests with shareholders but is not material enough alone to affect control or valuation.

TL;DR: Disclosure reflects compliance with Section 16 reporting and use of a standard DRIP election by a director.

The filing clearly identifies the reporting person as a director and documents the acquisition mechanism as an election to convert director compensation into common stock under the companys plan. The timely Form 4 filing and the signature by an attorney-in-fact indicate procedural compliance; there are no governance red flags or departures reported.

Zachary W. Bawel, membro del consiglio di amministrazione di German American Bancorp, Inc. (GABC), ha segnalato una operazione ai sensi della Sezione 16. La comunicazione indica l'acquisto di 503.3207 azioni ordinarie della società in data 15/08/2025 al prezzo di $39.7361 per azione, eseguito in base a una precedente scelta di utilizzare la remunerazione del direttore per acquistare azioni tramite il Dividend Reinvestment and Stock Purchase Plan della società.

Il modulo riporta inoltre 2.748 azioni detenute indirettamente tramite un trust revocabile e indica una partecipazione totale a beneficio dell'interessato, dopo l'operazione segnalata, pari a 23,300.8386 azioni.

Zachary W. Bawel, director de German American Bancorp, Inc. (GABC), informó una transacción conforme a la Sección 16. La presentación muestra la compra de 503.3207 acciones ordinarias de la emisora el 15/08/2025 a un precio de $39.7361 por acción, realizada en virtud de una elección previa de usar la compensación del director para comprar acciones mediante el Dividend Reinvestment and Stock Purchase Plan de la compañía.

El formulario también registra 2,748 acciones poseídas de forma indirecta en un fideicomiso revocable y señala una titularidad beneficiaria total tras la transacción reportada de 23,300.8386 acciones.

Zachary W. Bawel는 German American Bancorp, Inc.(GABC)의 이사로서 섹션 16에 따른 거래를 보고했습니다. 제출서류에는 2025-08-15에 발행회사 보통주 503.3207주를 주당 $39.7361에 매수한 내역이 기재되어 있으며, 이는 이사의 보수를 회사의 배당재투자 및 주식매수계획(Dividend Reinvestment and Stock Purchase Plan)을 통해 주식 구매에 사용하기로 한 사전 선택에 따라 실행된 것입니다.

서류에는 또한 취소 가능한 신탁(revocable trust)에 간접 보유된 2,748주가 기록되어 있으며, 보고된 거래 후 총 실질적 보유주식수는 23,300.8386주로 기재되어 있습니다.

Zachary W. Bawel, administrateur de German American Bancorp, Inc. (GABC), a déclaré une opération en vertu de la Section 16. Le dossier indique l'achat de 503.3207 actions ordinaires de l'émetteur le 15/08/2025 au prix de $39.7361 par action, réalisé suite à une option antérieure d'utiliser la rémunération de l'administrateur pour acquérir des actions via le Dividend Reinvestment and Stock Purchase Plan de la société.

Le formulaire mentionne également 2,748 actions détenues indirectement dans une fiducie révocable et fait état d'une détention bénéficiaire totale après la transaction déclarée de 23,300.8386 actions.

Zachary W. Bawel, ein Direktor von German American Bancorp, Inc. (GABC), meldete eine Transaktion nach Abschnitt 16. Die Meldung weist den Erwerb von 503.3207 Stammaktien des Emittenten am 15.08.2025 zu einem Preis von $39.7361 je Aktie aus, ausgeführt aufgrund einer vorherigen Entscheidung, die Vergütung als Direktor zur Aktienkauf über den Dividend Reinvestment and Stock Purchase Plan des Unternehmens zu verwenden.

Das Formular verzeichnet außerdem 2.748 Aktien, die indirekt in einem widerruflichen Trust gehalten werden, und nennt den gesamten wirtschaftlichen Besitz nach der gemeldeten Transaktion mit 23,300.8386 Aktien.

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*
Bawel Zachary W

(Last) (First) (Middle)
711 MAIN ST
P O 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)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025
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 2,748 I Held by Revocable Trust
Common Stock 08/15/2025 08/18/2025 P 503.3207(1) A $39.7361 23,300.8386 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. The reported transaction was effected pursuant to a prior election made by the Reporting Person to use a portion of his director compensation to purchase shares of common stock through participation in the Issuer's Dividend Reinvestment and Stock Purchase Plan.
/s/ Bradley C. Arnett, Attorney-in-Fact 08/19/2025
** 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 did GABC director Zachary W. Bawel report on Form 4?

He reported acquiring 503.3207 shares of GABC common stock on 08/15/2025 at $39.7361 per share through the companys Dividend Reinvestment and Stock Purchase Plan.

How many GABC shares does Zachary W. Bawel beneficially own after the transaction?

The Form 4 lists total beneficial ownership following the reported transaction as 23,300.8386 shares.

Was the purchase a discretionary trade or part of a plan?

The filing states the transaction was effected pursuant to a prior election to use director compensation to purchase shares through the issuers Dividend Reinvestment and Stock Purchase Plan.

Does the Form 4 show any indirect holdings for the reporting person?

Yes, it shows 2,748 shares held indirectly by a revocable trust.

Who signed the Form 4 filing for Zachary W. Bawel?

The filing was signed by Bradley C. Arnett, Attorney-in-Fact on 08/19/2025.
German Amern Bancorp Inc

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