[Form 4] GERMAN AMERICAN BANCORP, INC. Insider Trading Activity
German American Bancorp, Inc. reporting person Susan J. Ellspermann, a director, effected a purchase of 222.7237 shares of common stock on 09/15/2025 at an effective price of $40.8578 per share through the issuer's Dividend Reinvestment and Stock Purchase Plan (DRIP). Following the transaction, Ms. Ellspermann beneficially owns 11,510.2626 shares. The filing states the purchase resulted from a prior election to convert part of director compensation into stock and includes additional shares acquired via the DRIP. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person.
German American Bancorp, Inc. la persona che presenta la segnalazione, Susan J. Ellspermann, una direttrice, ha effettuato l'acquisto di 222.7237 azioni ordinarie il 15/09/2025 a un prezzo effettivo di $40.8578 per azione tramite il Dividend Reinvestment and Stock Purchase Plan (DRIP) dell'emittente. Dopo la transazione, la signora Ellspermann detiene beneficiamente 11,510.2626 azioni. La dichiarazione indica che l'acquisto è derivato da una precedente elezione di convertire una parte della compensazione da direttore in azioni e include ulteriori azioni acquisite tramite il DRIP. Il Form 4 è stato firmato da un procuratore ad acta per conto della persona che presenta.
German American Bancorp, Inc. la persona reportante, Susan J. Ellspermann, una directora, efectuó la compra de 222.7237 acciones comunes el 15/09/2025 a un precio efectivo de $40.8578 por acción a través del Dividend Reinvestment and Stock Purchase Plan (DRIP) del emisor. Tras la transacción, la Sra. Ellspermann posee beneficiosamente 11,510.2626 acciones. La presentación indica que la compra resultó de una elección previa para convertir parte de la compensación del director en acciones e incluye acciones adicionales adquiridas vía el DRIP. El Formulario 4 fue firmado por un apoderado en nombre de la persona que reporta.
German American Bancorp, Inc. 보고자인 Susan J. Ellspermann은 이사로서 2025년 9월 15일에 222.7237 주의 보통주를 주당 $40.8578의 유효가격으로 발행사의 배당재투자 및 주식매입계획(DRIP)을 통해 매입했습니다. 거래 후 Ellspermann 씨는 11,510.2626주를 유익하게 보유합니다. 공시는 매입이 이사회 보수의 일부를 주식으로 전환하기로 한 사전 선택에서 비롯되었으며 DRIP를 통해 추가로 취득한 주식이 포함되어 있다고 명시합니다. Form 4는 보고자 대리인인 변호사에 의해 서명되었습니다.
German American Bancorp, Inc. la personne déclarant, Susan J. Ellspermann, une administratrice, a effectué l'achat de 222.7237 actions ordinaires le 15/09/2025 à un prix effectif de $40.8578 par action via le Plan de réinvestissement des dividendes et d'achat d'actions (DRIP) de l'émetteur. Suite à la transaction, Mme Ellspermann détient avantageusement 11,510.2626 actions. Le dossier indique que cet achat résulte d'une élection préalable visant à convertir une partie de la rémunération du directeur en actions et comprend des actions supplémentaires acquises via le DRIP. Le Form 4 a été signé par un mandataire agissant au nom de la personne qui déclare.
German American Bancorp, Inc. meldende Person Susan J. Ellspermann, eine Direktorin, tätigte einen Kauf von 222.7237 Stammaktien am 15.09.2025 zu einem effektiven Preis von $40.8578 pro Aktie durch den Dividend Reinvestment and Stock Purchase Plan (DRIP) des Emittenten. Nach der Transaktion besitzt Frau Ellspermann wirtschaftlich 11.510,2626 Aktien. Die Einreichung gibt an, dass der Kauf aus einer vorherigen Wahl resultierte, einen Teil der Vorstandsvergütung in Aktien umzuwandeln, und schließt zusätzliche Aktien ein, die über den DRIP erworben wurden. Das Formular 4 wurde von einem Bevollmächtigten im Namen der meldenden Person unterschrieben.
German American Bancorp, Inc. الشخص المبلّغ سوزان جي. إلسبرمان، وهي مديرة، قامت بشراء 222.7237 سهمًا من الأسهم العادية في 15/09/2025 بسعر فعّال قدره $40.8578 للسهم الواحد عبر خطة إعادة استثمار الأرباح وشراء الأسهم (DRIP) الخاصة بالشركة المُصدِرة. بعد المعاملة، تملك السيدة إلسبرمان بشكل مستفيد 11,510.2626 سهمًا. تنص الإيداع على أن الشراء نتج عن خيار سابق لتحويل جزء من تعويض المدير إلى أسهم، وتضمّن أسهمًا إضافية تم الحصول عليها عبر DRIP. تم توقيع النموذج 4 بواسطة وكيل نيابة عن الشخص المبلغ.
German American Bancorp, Inc. 报告人 Susan J. Ellspermann，一名董事，已通过发行人之股息再投资与股票购买计划（DRIP）于 2025/09/15 以每股有效价格 $40.8578 购买了 222.7237 股普通股。交易完成后，Ellspermann 女士实际持有 11,510.2626 股。文件称此次购买源自将部分董事报酬转换为股票的事前选举，并包括通过 DRIP 额外获得的股票。Form 4 由代表报告人的代理律师签署。
- Director used compensation to buy shares via the Dividend Reinvestment and Stock Purchase Plan, indicating alignment with shareholders
- Clear disclosure of post-transaction ownership: 11,510.2626 shares beneficially owned following the purchase
- None.
Insights
TL;DR: Director converted compensation into equity via the DRIP, modest insider accumulation that aligns interests with shareholders.
This transaction is a routine, non-open-market acquisition under the company-sponsored Dividend Reinvestment and Stock Purchase Plan. The purchase of 222.7237 shares using director compensation signals alignment between the director and long-term shareholder value without implying extraordinary insider conviction. The filing provides clear source of funds and post-transaction beneficial ownership of 11,510.2626 shares, which is useful for monitoring insider ownership trends over time.
TL;DR: Small, plan-driven share purchase; immaterial to company valuation but useful for insider-ownership tracking.
From a market-impact perspective, the transaction is unlikely to move the stock price given it was executed through a DRIP and sized at 222.7237 shares. The disclosed price of $40.8578 provides a reference point for the director's cost basis. The continuation of the director participating in the DRIP may be interpreted as consistent insider behavior but does not constitute a material event affecting the firm’s financial outlook.
German American Bancorp, Inc. la persona che presenta la segnalazione, Susan J. Ellspermann, una direttrice, ha effettuato l'acquisto di 222.7237 azioni ordinarie il 15/09/2025 a un prezzo effettivo di $40.8578 per azione tramite il Dividend Reinvestment and Stock Purchase Plan (DRIP) dell'emittente. Dopo la transazione, la signora Ellspermann detiene beneficiamente 11,510.2626 azioni. La dichiarazione indica che l'acquisto è derivato da una precedente elezione di convertire una parte della compensazione da direttore in azioni e include ulteriori azioni acquisite tramite il DRIP. Il Form 4 è stato firmato da un procuratore ad acta per conto della persona che presenta.
German American Bancorp, Inc. la persona reportante, Susan J. Ellspermann, una directora, efectuó la compra de 222.7237 acciones comunes el 15/09/2025 a un precio efectivo de $40.8578 por acción a través del Dividend Reinvestment and Stock Purchase Plan (DRIP) del emisor. Tras la transacción, la Sra. Ellspermann posee beneficiosamente 11,510.2626 acciones. La presentación indica que la compra resultó de una elección previa para convertir parte de la compensación del director en acciones e incluye acciones adicionales adquiridas vía el DRIP. El Formulario 4 fue firmado por un apoderado en nombre de la persona que reporta.
German American Bancorp, Inc. 보고자인 Susan J. Ellspermann은 이사로서 2025년 9월 15일에 222.7237 주의 보통주를 주당 $40.8578의 유효가격으로 발행사의 배당재투자 및 주식매입계획(DRIP)을 통해 매입했습니다. 거래 후 Ellspermann 씨는 11,510.2626주를 유익하게 보유합니다. 공시는 매입이 이사회 보수의 일부를 주식으로 전환하기로 한 사전 선택에서 비롯되었으며 DRIP를 통해 추가로 취득한 주식이 포함되어 있다고 명시합니다. Form 4는 보고자 대리인인 변호사에 의해 서명되었습니다.
German American Bancorp, Inc. la personne déclarant, Susan J. Ellspermann, une administratrice, a effectué l'achat de 222.7237 actions ordinaires le 15/09/2025 à un prix effectif de $40.8578 par action via le Plan de réinvestissement des dividendes et d'achat d'actions (DRIP) de l'émetteur. Suite à la transaction, Mme Ellspermann détient avantageusement 11,510.2626 actions. Le dossier indique que cet achat résulte d'une élection préalable visant à convertir une partie de la rémunération du directeur en actions et comprend des actions supplémentaires acquises via le DRIP. Le Form 4 a été signé par un mandataire agissant au nom de la personne qui déclare.
German American Bancorp, Inc. meldende Person Susan J. Ellspermann, eine Direktorin, tätigte einen Kauf von 222.7237 Stammaktien am 15.09.2025 zu einem effektiven Preis von $40.8578 pro Aktie durch den Dividend Reinvestment and Stock Purchase Plan (DRIP) des Emittenten. Nach der Transaktion besitzt Frau Ellspermann wirtschaftlich 11.510,2626 Aktien. Die Einreichung gibt an, dass der Kauf aus einer vorherigen Wahl resultierte, einen Teil der Vorstandsvergütung in Aktien umzuwandeln, und schließt zusätzliche Aktien ein, die über den DRIP erworben wurden. Das Formular 4 wurde von einem Bevollmächtigten im Namen der meldenden Person unterschrieben.
FAQ
What transaction did Susan J. Ellspermann report on Form 4 for GABC?
At what price were the GABC shares purchased in the Form 4 filing?
How many GABC shares does the reporting person own after the transaction?
Was the purchase an open-market trade or part of a company plan?
Who signed the Form 4 filing for the reporting person?
