GABC (GABC) EVP surrenders 509 shares to cover tax on RSU vesting

Rhea-AI Filing Summary

GERMAN AMERICAN BANCORP, INC. executive Michael F. Beckwith reported a routine tax-withholding transaction in company stock. On the reported date, 509 shares of Common stock were surrendered at $40.07 per share to satisfy tax obligations tied to the vesting of 1,248 restricted shares from a March 15, 2025 award. After this non-market disposition, he directly holds 23,220 Common shares, with additional indirect holdings of 13,696 shares in a revocable trust and 2,010 shares in an IRA.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Beckwith Michael F

Role EVP - CHIEF BANKING OFFICER

Type	Security	Shares	Price	Value
Tax Withholding	Common	509	$40.07	$20K
holding	Common	--	--	--
holding	Common	--	--	--

Holdings After Transaction: Common — 23,220 shares (Direct); Common — 13,696 shares (Indirect, Held by Revocable Trust)

Footnotes (1)

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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^*

Beckwith Michael F

(Last) (First) (Middle)

711 MAIN ST

PO 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)
	EVP - CHIEF BANKING OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026

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								13,696	I	Held by Revocable Trust
Common								2,010	I	Held in IRA
Common	03/16/2026		F		509(1)	D	$40.07	23,220	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. Reflects shares surrendered by the Reporting Person to satisfy tax withholding obligations upon the vesting of 1,248 shares of restricted stock granted under a March 15, 2025 award.

	/s/ Bradley C. Arnett, Attorney-in-Fact	03/17/2026
	** 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.

FAQ

What insider transaction did GABC executive Michael F. Beckwith report?

Michael F. Beckwith reported a tax-withholding disposition of 509 GABC Common shares. These shares were surrendered to cover tax obligations upon vesting of 1,248 restricted shares, rather than being sold in the open market.

Was the GABC Form 4 transaction an open-market sale of shares?

No, the Form 4 shows a tax-withholding transaction, not an open-market sale. The 509 surrendered shares were used to satisfy tax liabilities from restricted stock vesting, a common administrative step for equity compensation.

How many GABC shares did Michael F. Beckwith have withheld for taxes?

The filing reports that 509 Common shares of GABC were surrendered at $40.07 per share. This was done to satisfy tax withholding obligations when 1,248 restricted shares granted on March 15, 2025 vested.

What are Michael F. Beckwith’s GABC shareholdings after this Form 4 event?

Following the reported transaction, he directly owns 23,220 Common shares. In addition, he has indirect ownership of 13,696 shares held by a revocable trust and 2,010 shares held in an IRA, as disclosed in the filing.

What triggered the tax-withholding disposition reported for GABC stock?

The disposition was triggered by the vesting of 1,248 restricted shares from a March 15, 2025 award. To meet related tax obligations, 509 shares of GABC Common stock were surrendered instead of paying cash taxes.