Beckwith Michael F 4

What Happened
Michael F. Beckwith, EVP and Chief Banking Officer of German American Bancorp (GABC), surrendered 509 shares on 2026-03-16 to satisfy tax withholding obligations. The shares were valued at $40.07 each for a total of $20,396. The surrender relates to the vesting of restricted stock granted under a March 15, 2025 award.

Key Details

• Transaction date: 2026-03-16; Form filed: 2026-03-17 (timely).
• Transaction code: F (payment of exercise price or tax liability).
• 509 shares surrendered at $40.07 per share — total value $20,396.
• Footnote: The 509 shares were surrendered to satisfy tax withholding on the vesting of 1,248 restricted shares from the March 15, 2025 award.
• Amount owned after the transaction: not specified in the provided excerpt; see the full Form 4 for ownership totals.
• This was a tax-withholding (cashless) disposition, not an open-market sale.

Context
Share surrenders to cover tax withholding upon vesting are routine administrative transactions and do not necessarily indicate the insider’s view on the company’s stock. For investors, purchases typically carry more weight as potential bullish signals; withholding dispositions like this are standard and expected when restricted stock vests.