Form 4: German American Bancorp Director Thomas Seger Gifts Shares to Charity

Director Thomas Seger of German American Bancorp gifted 20,000 shares of common stock to a charitable organization.

Summary

• Thomas Seger, a director at German American Bancorp, reported a transaction on November 14, 2024.
• He gifted 20,000 shares of common stock to a charitable organization.
• The transaction was a disposal of shares, reducing his direct holdings.
• Following the transaction, Seger directly owns 7,952 shares.
• He also indirectly owns 67,203 shares through the Steven M. Seger Memorial Foundation, 125,826 shares through Wabash Valley, and 465,077.314 shares jointly with his spouse.

Sentiment

Score: 5

Explanation: The document is a neutral report of a stock transaction, with no positive or negative implications for the company's performance.

Industry Context

This is a routine filing related to a director's stock transaction and does not indicate any broader industry trends.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders reporting changes in beneficial ownership.
• The gifting of shares to a charitable organization is a common practice among corporate executives for philanthropic and tax planning purposes.
• The level of detail provided in this filing is consistent with SEC requirements for Form 4 disclosures.

Stakeholder Impact

• The transaction has a minor impact on the total shares outstanding.
• The gift may have a positive impact on the charitable organization receiving the shares.

Key Dates

Keywords

German American Bancorp, Thomas Seger, Director, Share Gift, Charitable Donation, Stock Transaction, Beneficial Ownership