Director uses pay to buy German American Bancorp (GABC) stock

Rhea-AI Filing Summary

German American Bancorp director Jack Sheidler reported an open-market purchase of common stock tied to his board compensation. On April 15, 2026, he bought 25.2409 shares at $43.58 per share through the company’s Dividend Reinvestment and Stock Purchase Plan, following a prior compensation election. After this transaction, he directly owns 66,930.1276 shares, making this a small, routine, compensation-related increase in his stake.

Insider Trade Summary

Net Buyer: 25.241 shares ($1,100)

Net Buy 1 txn

Insider SHEIDLER JACK

Role Director

Bought 25.241 shs ($1K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	25.241	$43.58	$1K

Holdings After Transaction: Common Stock — 66,930.128 shares (Direct)

Footnotes (1)

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Key Figures

Shares purchased: 25.2409 shares Purchase price: $43.58 per share Post-transaction holdings: 66,930.1276 shares

3 metrics

Shares purchased 25.2409 shares Common Stock bought on April 15, 2026

Purchase price $43.58 per share Price for the April 15, 2026 stock purchase

Post-transaction holdings 66,930.1276 shares Direct ownership after the reported purchase

Key Terms

open-market purchase, Dividend Reinvestment and Stock Purchase Plan, director compensation

3 terms

open-market purchase financial

"transaction_action": "open-market purchase""

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

Dividend Reinvestment and Stock Purchase Plan financial

"purchase shares of common stock through participation in 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.

director compensation financial

"use a portion of his director compensation to purchase shares of common stock"

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^*

SHEIDLER JACK

(Last) (First) (Middle)

711 MAIN STREET

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)
04/15/2026

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	04/15/2026	04/16/2026	P		25.2409(1)	A	$43.58	66,930.1276	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	04/17/2026
	** 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)

FAQ

What insider transaction did GABC director Jack Sheidler report?

Director Jack Sheidler reported buying 25.2409 shares of German American Bancorp common stock. The shares were acquired at $43.58 each through the company’s Dividend Reinvestment and Stock Purchase Plan as part of his director compensation election, indicating a small, routine ownership increase.

How many GABC shares does Jack Sheidler own after this Form 4?

After the reported transaction, Jack Sheidler directly owns 66,930.1276 German American Bancorp shares. This context shows the 25.2409-share purchase is a very small addition, reflecting ongoing participation in a compensation-linked stock purchase plan rather than a large discretionary trade.

Was the GABC share purchase by Jack Sheidler pre-arranged?

Yes. A footnote explains the transaction followed a prior election by Jack Sheidler to use part of his director compensation to buy common stock under German American Bancorp’s Dividend Reinvestment and Stock Purchase Plan, making the purchase a pre-arranged, compensation-driven transaction instead of spontaneous market timing.

At what price did GABC director Jack Sheidler acquire his new shares?

Jack Sheidler acquired 25.2409 German American Bancorp common shares at $43.58 per share. The purchase price reflects the execution under the company’s Dividend Reinvestment and Stock Purchase Plan, which he selected for directing a portion of his ongoing director compensation into stock.

Does Jack Sheidler’s Form 4 involve any derivative securities of GABC?

No derivative securities appear in this Form 4 for Jack Sheidler. The filing shows only a non-derivative transaction in German American Bancorp common stock, with no options, warrants, or other derivatives listed in the derivative summary section for this particular report.