German American Bancorp (GABC) director buys shares via dividend plan

Rhea-AI Filing Summary

GERMAN AMERICAN BANCORP, INC. director Andrew M. Seger reported a small open-market purchase of common stock. He acquired 21.9539 shares on June 15, 2026 at $45.55 per share, increasing his directly held stake to 18,406.1275 shares.

The filing also shows 125,826 common shares held indirectly through Wabash Valley Produce, Inc., where Seger is a shareholder and Chief Financial Officer. The purchase was made under a prior election to use a portion of his director compensation to buy stock through the company’s Dividend Reinvestment and Stock Purchase Plan.

Insights

Equity compensation and insider-trading analyst

Routine, plan-based share purchase with modest size.

Director Andrew M. Seger acquired 21.9539 common shares of GERMAN AMERICAN BANCORP, INC. at $45.55 per share on June 15, 2026. This was an open-market type purchase recorded as direct ownership.

A key detail is that the transaction followed a prior election to apply a portion of director compensation into the Dividend Reinvestment and Stock Purchase Plan, making the timing largely mechanical rather than discretionary. After this acquisition, Seger holds 18,406.1275 shares directly and 125,826 shares indirectly via Wabash Valley Produce, Inc.

The filing therefore reflects ongoing participation in a stock purchase and dividend reinvestment program, rather than a large, one-off market bet. From an investment-thesis standpoint, this looks like routine insider accumulation tied to compensation, with limited informational impact on its own.

Insider Trade Summary

Net Buyer: 21.954 shares ($1,000)

Net Buy 2 txns

Insider Seger Andrew M

Role null

Bought 21.954 shs ($1K)

Type	Security	Shares	Price	Value
Purchase	Common	21.954	$45.55	$1K
holding	Common	--	--	--

Holdings After Transaction: Common — 18,406.128 shares (Direct, null); Common — 125,826 shares (Indirect, By Wabash Valley Produce, Inc.)

Footnotes (1)

1. The Reporting Person is a shareholder and the Chief Financial Officer of Wabash Valley Produce, Inc. 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"). Includes shares acquired pursuant to the Dividend Reinvestment Plan.

Key Figures

Shares purchased: 21.9539 shares Purchase price: $45.55 per share Direct holdings after transaction: 18,406.1275 shares +1 more

4 metrics

Shares purchased 21.9539 shares Common stock bought on June 15, 2026

Purchase price $45.55 per share Open-market type purchase under stock purchase plan

Direct holdings after transaction 18,406.1275 shares Common shares directly owned following the purchase

Indirect holdings 125,826 shares Common shares held via Wabash Valley Produce, Inc.

Key Terms

Dividend Reinvestment and Stock Purchase Plan, open-market purchase, indirect ownership, beneficial ownership

4 terms

Dividend Reinvestment and Stock Purchase Plan financial

"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"

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.

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.

indirect ownership financial

"ownership_type": "indirect""

beneficial ownership financial

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

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/17/2026 - 09:22 AM Accepted by SEC EDGAR 06/17/2026 - 09:22 AM 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^*

Seger Andrew M

(Last) (First) (Middle)

711 MAIN ST

(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)
06/15/2026

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								125,826	I	By Wabash Valley Produce, Inc.(1)
Common	06/15/2026	06/16/2026	P		21.9539(2)	A	$45.55	18,406.1275(3)	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 Reporting Person is a shareholder and the Chief Financial Officer of Wabash Valley Produce, Inc.

2. 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").

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

	/s/ Bradley C. Arnett, Attorney-in-Fact	06/17/2026
	** 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 Andrew M. Seger report for GABC?

Andrew M. Seger reported buying 21.9539 shares of German American Bancorp common stock. The purchase occurred on June 15, 2026 at $45.55 per share, and was executed through participation in the company’s Dividend Reinvestment and Stock Purchase Plan tied to his director compensation.

How many German American Bancorp (GABC) shares does Seger own after this Form 4?

After the reported transaction, Seger directly owns 18,406.1275 GABC common shares. The filing also lists 125,826 additional common shares held indirectly through Wabash Valley Produce, Inc., where he is a shareholder and Chief Financial Officer, reflecting both direct and indirect positions.

Was Seger’s GABC share purchase an open-market trade or part of a plan?

Seger’s GABC share purchase was made pursuant to a prior election under the Dividend Reinvestment and Stock Purchase Plan. The Form 4 notes he used a portion of his director compensation to buy stock through this plan, making it a pre-arranged, program-based acquisition rather than a discretionary trade.

What price did Seger pay for German American Bancorp (GABC) shares?

Seger paid $45.55 per share for 21.9539 German American Bancorp common shares. This transaction was recorded on June 15, 2026 and reflects the price used within the company’s Dividend Reinvestment and Stock Purchase Plan tied to his director compensation election.

What does the indirect ownership in Wabash Valley Produce mean for GABC?

The Form 4 shows 125,826 GABC shares held indirectly through Wabash Valley Produce, Inc. Seger is a shareholder and Chief Financial Officer of that company, so these shares are attributed as indirect beneficial ownership, complementing his separate directly held GABC share position.