Was Marc D. Fine’s GABC share grant an open-market purchase or compensation award?

The 1,168-share transaction is a compensation-related restricted stock award, not an open-market purchase. It was issued as an annual director equity grant under German American Bancorp’s non-employee director compensation arrangements, with a stated grant price of $0 per share.

Does the Form 4 for GABC show any insider share sales by Marc D. Fine?

The Form 4 does not report any share sales by Marc D. Fine. It shows one compensation-related acquisition of 1,168 restricted shares and an indirect holding entry for 41,051 shares in a Rev Liv Trust, with no dispositions disclosed.

Director Marc D. Fine receives 1,168 GABC shares in equity grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Fine Marc D reported acquisition or exercise transactions in this Form 4 filing.

German American Bancorp, Inc. director Marc D. Fine received a grant of 1,168 shares of restricted common stock as part of non-employee director compensation. The award carries a grant price of $0 per share and will vest on July 1, 2027. Following this grant, Fine holds 4,865.1225 shares directly and 41,051 shares indirectly through a Rev Liv Trust.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Fine Marc D

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,168	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 4,865.123 shares (Direct, null); Common Stock — 41,051 shares (Indirect, Held in Rev Liv Trust)

Footnotes (1)

[object Object]

Key Figures

Restricted stock grant: 1,168 shares Grant price: $0.0000 per share Vesting date: July 1, 2027 +2 more

5 metrics

Restricted stock grant 1,168 shares Annual director equity grant on June 29, 2026

Grant price $0.0000 per share Restricted stock award to Marc D. Fine

Vesting date July 1, 2027 Restricted stock award vesting schedule

Direct holdings after grant 4,865.1225 shares Common stock directly owned by Marc D. Fine

Indirect holdings in trust 41,051 shares Common stock held in Rev Liv Trust

Key Terms

restricted stock award, annual director equity grant, non-employee director compensation arrangements, Rev Liv Trust

4 terms

restricted stock award financial

"This restricted stock award was issued to the Reporting Person as an annual director equity grant"

A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.

annual director equity grant financial

"This restricted stock award was issued to the Reporting Person as an annual director equity grant"

non-employee director compensation arrangements financial

"pursuant to the Issuer's non-employee director compensation arrangements"

Rev Liv Trust financial

"Held in Rev Liv Trust"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/01/2026 - 01:32 PM Accepted by SEC EDGAR 07/01/2026 - 01:31 PM

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^*

Fine Marc D

(Last)

(First)

(Middle)

711 MAIN STREET

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)
06/29/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock								41,051	I	Held in Rev Liv Trust
Common Stock	06/29/2026		A		1,168⁽¹⁾	A	$0	4,865.1225	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. This restricted stock award was issued to the Reporting Person as an annual director equity grant pursuant to the Issuer's non-employee director compensation arrangements. The restricted stock will vest on July 1, 2027.

	/s/ Bradley C. Arnett, Attorney-in-Fact	07/01/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did GERMAN AMERICAN BANCORP (GABC) report for Marc D. Fine?

Marc D. Fine received a grant of 1,168 shares of restricted common stock. The award is part of non-employee director compensation and was issued at a grant price of $0 per share, increasing his direct holdings in GABC.

When do Marc D. Fine’s newly granted GABC restricted shares vest?

The 1,168 restricted shares granted to Marc D. Fine vest on July 1, 2027. Until that vesting date, the shares are subject to the terms of the company’s non-employee director compensation arrangements governing restricted stock awards.

How many GABC shares does Marc D. Fine own directly after this Form 4 filing?

After the restricted stock grant, Marc D. Fine directly owns 4,865.1225 shares of German American Bancorp common stock. This figure reflects his direct position immediately following the reported compensation-related acquisition on June 29, 2026.

What indirect GABC holdings does Marc D. Fine report on this Form 4?

Marc D. Fine reports indirect ownership of 41,051 shares of German American Bancorp common stock. These shares are held in a Rev Liv Trust, as indicated by the indirect ownership classification and the nature-of-ownership description in the filing.