Ellspermann Susan J 4

What Happened

• Susan J. Ellspermann, a director of German American Bancorp (GABC), acquired 49.405 shares at $40.48 per share on March 17, 2026, for a total of $2,000. The purchase was effected through the issuer's Dividend Reinvestment and Stock Purchase Plan (DRIP), using a portion of her director compensation. This is a purchase (buy), not a sale.

Key Details

• Transaction date: 2026-03-17
• Transaction type: Purchase (P) via Dividend Reinvestment and Stock Purchase Plan
• Shares acquired: 49.405 (includes additional shares from the DRIP, per filing)
• Price per share: $40.48; Total value: $2,000
• Footnotes: Transaction resulted from a prior election to use director compensation to buy shares through the DRIP; includes additional shares acquired pursuant to the plan.
• Shares owned after transaction: Not specified in the provided Form 4
• Filing timeliness: Report filed the same day (no late filing indicated)

Context

• Purchases made through dividend reinvestment or compensation-election plans are common for directors and often reflect routine compounding of ownership rather than a one-off market bet. While insider purchases can be a positive signal, this is a relatively small, routine acquisition funded by director pay.