GERMAN AMERICAN BANCORP (GABC) director adds shares via dividend reinvestment

Rhea-AI Filing Summary

GERMAN AMERICAN BANCORP, INC. director Jack Sheidler reported an open-market style purchase of common stock tied to his director compensation. He acquired 24.7027 shares at a price of $40.8414 per share through the company’s Dividend Reinvestment and Stock Purchase Plan, based on a prior election to receive part of his director fees in stock. Following this transaction, he directly holds a total of 66,904.8867 common shares, including shares previously acquired under the same dividend reinvestment plan.

Insights

Banking equity analyst

Small, plan-based director share purchase with limited signaling value.

Director Jack Sheidler acquired 24.7027 shares of GERMAN AMERICAN BANCORP, INC. common stock at $40.8414 per share. The filing notes this occurred under a prior election to use a portion of his director compensation in the Dividend Reinvestment and Stock Purchase Plan.

The transaction is very small relative to his post-transaction holdings of 66,904.8867 shares and is driven by a pre-set compensation and reinvestment choice. Because it reflects an administrative, plan-based mechanism rather than a discretionary market-timed trade, its informational value for investors appears limited.

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

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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 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)
03/17/2026

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	03/17/2026		P		24.7027(1)	A	$40.8414	66,904.8867(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. 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 (the "Dividend Reinvestment Plan").

2. Includes shares acquired pursuant to the Dividend Reinvestment Plan.

	/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 did GERMAN AMERICAN BANCORP (GABC) director Jack Sheidler report on this Form 4?

He reported acquiring 24.7027 shares of common stock at $40.8414 per share. The purchase was linked to a prior election to take part of his director compensation in stock through the company’s Dividend Reinvestment and Stock Purchase Plan.

Was the GABC director’s share purchase a discretionary open-market buy?

The filing classifies it as an open-market purchase, but the footnote explains it resulted from a prior election to use a portion of director compensation in the Dividend Reinvestment and Stock Purchase Plan, making it a routine, plan-based transaction rather than opportunistic market timing.

How many GABC shares does director Jack Sheidler hold after this transaction?

After the reported transaction, he directly holds 66,904.8867 shares of GERMAN AMERICAN BANCORP common stock. This total includes shares acquired through participation in the company’s Dividend Reinvestment and Stock Purchase Plan, as indicated in the Form 4 footnotes.

How large is the recent GABC share purchase compared to the director’s total holdings?

The purchase of 24.7027 shares is very small relative to his post-transaction holdings of 66,904.8867 shares. This scale suggests the transaction is more administrative and compensation-related than a significant change in his investment exposure to GERMAN AMERICAN BANCORP.

What role does the Dividend Reinvestment and Stock Purchase Plan play in this GABC Form 4?

The plan is central to this transaction. The director previously elected to use part of his compensation to purchase common stock through the Dividend Reinvestment and Stock Purchase Plan, and the reported acquisition reflects shares bought under that ongoing election rather than a new standalone investment decision.