German American Bancorp director gets stock grant

GERMAN AMERICAN BANCORP, INC. director Jason M. Kelly received a grant of 1,168 shares of common stock as an annual director equity award.

Rhea-AI Filing Summary

GERMAN AMERICAN BANCORP, INC. director Jason M. Kelly received a grant of 1,168 shares of common stock as an annual director equity award. The restricted stock was issued at no cash cost to him and will vest on July 1, 2027, subject to the stated terms.

Following this grant, Kelly directly holds a total of 14,998.1677 common shares, which includes shares previously acquired through the company’s Dividend Reinvestment and Stock Purchase Plan.

Insider Trade Summary

Grant/Award: 1,168 shares

Grant/Award 1 txn

Insider KELLY JASON M

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,168	$0.00	$0.00

Holdings After Transaction: Common Stock — 14,998.1677 shares (Direct)

Footnotes (2)

1. F1. This restricted stock award was issued to the Reporting Person as an annual director equity grant pursuant to the Issuer's non-employee director compensation arrangements. The restricted stock will vest on July 1, 2027.
2. F2. Includes shares acquired pursuant to the Issuer's Dividend Reinvestment and Stock Purchase Plan.

Key Figures

Restricted stock grant: 1,168 shares Grant price per share: $0.0000 per share Total shares after grant: 14,998.1677 shares +1 more

4 metrics

Restricted stock grant 1,168 shares Annual director equity award on June 29, 2026

Grant price per share $0.0000 per share Compensation award, no cash paid by director

Total shares after grant 14,998.1677 shares Director’s direct holdings following the award

Vesting date July 1, 2027 Restricted stock award vesting date

Key Terms

restricted stock award, non-employee director compensation arrangements, Dividend Reinvestment and Stock Purchase Plan

3 terms

restricted stock award financial

"This restricted stock award was issued to the Reporting Person as an annual director equity grant"

A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.

non-employee director compensation arrangements financial

"pursuant to the Issuer's non-employee director compensation arrangements"

Dividend Reinvestment and Stock Purchase Plan financial

"Includes shares acquired pursuant to the Issuer's Dividend Reinvestment and Stock Purchase Plan"

A dividend reinvestment and stock purchase plan lets investors automatically use cash dividends to buy additional shares and often make extra share purchases directly from the company, usually at low or no commission. Think of it as an automatic savings plan for stock: dividends and optional contributions are turned into more shares, helping ownership grow through compounding and making regular investing simple and low-cost—key for long-term investors.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did GERMAN AMERICAN BANCORP (GABC) report for Jason M. Kelly?

GERMAN AMERICAN BANCORP reported that director Jason M. Kelly received a grant of 1,168 shares of common stock. This was an equity award rather than an open-market purchase, issued at no cash cost to him.

What type of shares were granted to the GABC director in this Form 4?

The director received a restricted stock award of 1,168 shares of GERMAN AMERICAN BANCORP common stock. These shares are subject to vesting conditions and form part of the company’s non-employee director compensation arrangements.

When will Jason M. Kelly’s restricted stock award at GABC vest?

The restricted stock award to director Jason M. Kelly will vest on July 1, 2027. Until vesting, the shares are subject to the award’s restrictions as part of the non-employee director compensation program.

How many GERMAN AMERICAN BANCORP shares does Jason M. Kelly hold after this grant?

After the 1,168-share restricted stock grant, Jason M. Kelly directly holds 14,998.1677 shares of GERMAN AMERICAN BANCORP common stock. This total includes shares accumulated through the Dividend Reinvestment and Stock Purchase Plan.

Was the GABC director stock grant an open-market purchase or a compensation award?

The transaction was a compensation-related restricted stock award, not an open-market purchase. It was issued as an annual director equity grant under GERMAN AMERICAN BANCORP’s non-employee director compensation arrangements.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/01/2026 - 01:35 PM EDT Learn about SEC filing dates

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^*

KELLY JASON M

(Last) (First) (Middle)

711 MAIN ST

P O BOX 810

(Street)

JASPER INDIANA 47546

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/29/2026

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

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

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

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	06/29/2026		A		1,168(1)	A	$0	14,998.1677(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. This restricted stock award was issued to the Reporting Person as an annual director equity grant pursuant to the Issuer's non-employee director compensation arrangements. The restricted stock will vest on July 1, 2027.

2. Includes shares acquired pursuant to the Issuer's Dividend Reinvestment and Stock Purchase Plan.

	/s/ Bradley C. Arnett, Attorney-in-Fact	07/01/2026
	** 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.
* Form 4: SEC 1474 (03-26)