Dauby D Neil 4

What Happened Neil Dauby, Chairman and CEO of German American Bancorp, Inc. (GABC), surrendered a total of 4,887 shares on March 16, 2026 to satisfy tax-withholding obligations related to the vesting of restricted stock. The shares were disposed in three entries (1,637; 1,833; 1,417) at $40.07 per share, for a combined value of approximately $195,822. These disposals are coded as "F" (tax withholding), not open-market sales.

Key Details

• Transaction date: 2026-03-16; filing date (Form 4): 2026-03-17 (Accession 0001678773-26-000005) — appears timely.
• Prices and amounts: 1,637 shares @ $40.07 ($65,595); 1,833 shares @ $40.07 ($73,448); 1,417 shares @ $40.07 ($56,779). Total = 4,887 shares, ~$195,822.
• Shares were surrendered to cover withholding on restricted stock vesting from awards dated Mar 15, 2023 (3,955 shares), Mar 15, 2024 (4,429 shares), and Mar 15, 2025 (3,424 shares) (footnotes F1–F3).
• Transaction code: F = tax withholding (cashless share surrender), not a market sale (S) or purchase (P).
• Shares owned after the transaction are not specified in the summary provided here; refer to the full Form 4 for post-transaction holdings.

Context This was a routine tax-withholding event tied to restricted stock vesting (the company withheld shares rather than the insider paying cash). Such transactions are administrative and generally do not signal a change in insider sentiment. For full details, consult the Form 4 filing (Accession 0001678773-26-000005) on the SEC EDGAR site.