Form 4: German American Bancorp Director Thomas Seger Acquires Shares Through Dividend Reinvestment Plan

Director Thomas Seger of German American Bancorp acquired 7,952 shares of common stock through the company's Dividend Reinvestment and Stock Purchase Plan.

Summary

• Thomas Seger, a director at German American Bancorp, acquired 7,952 shares of common stock on November 15, 2024.
• The shares were purchased at a price of $18.7617 per share.
• This transaction was part of the company's Dividend Reinvestment and Stock Purchase Plan.
• Following the transaction, Mr. Seger directly owns 7,952 shares and indirectly owns 465,096.0757 shares jointly with his spouse, 67,203 shares through the Steven M. Seger Memorial Foundation, and 125,826 shares through Wabash Valley.
• The transaction was reported on November 18, 2024.

Sentiment

Score: 7

Explanation: The transaction is a routine insider purchase, indicating confidence in the company, but it is not a major event.

Positives

• The director's participation in the Dividend Reinvestment and Stock Purchase Plan demonstrates confidence in the company's future.
• The purchase increases the director's stake in the company, aligning his interests with those of other shareholders.

Management Comments

• 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 Company's Dividend Reinvestment and Stock Purchase Plan.

Industry Context

This is a routine transaction for a company with a dividend reinvestment plan, and it is common for directors to participate in such plans.

Comparison to Industry Standards

• Many publicly traded companies offer dividend reinvestment plans, and it is common for directors to participate.
• The transaction is consistent with standard practices for insider share purchases.

Stakeholder Impact

• The transaction may have a slightly positive impact on shareholder sentiment due to the director's increased investment.

Key Dates

Keywords

German American Bancorp, Thomas Seger, Dividend Reinvestment Plan, Stock Purchase Plan, Director, Insider Trading, Share Acquisition