Heartland Financial USA (HTLF) executive Quick returned to the company 25,597.01 shares

Insider transactions reported

Janet M Quick (EVP, Principal Acctg Officer at Heartland Financial USA Inc., HTLF) reported that they returned to the company 25,597.01 shares on Jan 31, 2025. After these transactions the filing shows 0 shares held directly and 0 shares held indirectly (Pension Plan).

Reporting person

Quick Janet M

Role

EVP, Principal Acctg Officer

Options and other derivatives

Holdings before and after

• Common Stock: 23,981 to 0 direct
• Common Stock: 265 to 0 indirect, Pension Plan
• Common Stock: 432.009 to 0 indirect, IRA
• Common Stock: 919 to 0 indirect, 401 (k)
• 2022 Time-Based Restricted Stock Units: 280 to 0 direct
• 2023 Time-Based Restricted Stock Units: 580 to 0 direct
• 2024 Time-Based Restricted Stock Units: 1,329 to 0 direct
• 2022 Performance Based Restricted Stock Units (3-year): 1,258 to 0 direct

Footnotes from the filing

1. 1. Represents shares (including in respect of shares underlying, as applicable, HTLF RSU Awards, HTLF PSU Awards and HTLF Options (each, as defined in the Agreement and Plan of Merger, dated as of April 28, 2024 (the Merger Agreement ), by and among Heartland Financial USA, Inc. ( HTLF ), UMB Financial Corporation ( UMB ) and Blue Sky Merger Sub Inc.)) disposed of pursuant to the closing of the transactions contemplated by the Merger Agreement. In accordance with the Merger Agreement, upon the Effective Time (as defined in the Merger Agreement), each share of HTLF common stock that was issued and outstanding immediately prior to the Effective Time (subject to certain exceptions) was converted into the right to receive 0.5500 shares of UMB common stock (the Exchange Ratio ) and, if applicable, cash in lieu of fractional shares. On January 31, 2025, the last trading day prior to the Effective Time, the closing price of one share of UMB common stock was $117.90.
2. 2. Each HTLF RSU Award and HTLF PSU Award represents a contingent right to receive one share of HTLF common stock.
3. 3. Upon the Effective Time: each HTLF RSU Award was converted into an Assumed RSU Award (as defined in the Merger Agreement) that settles in a number of shares of UMB common stock equal to the number of shares underlying the HTLF RSU Award multiplied by the Exchange Ratio, rounded down to the nearest whole share.
4. 4. Upon the Effective Time: each HTLF PSU Award was converted into an Assumed PSU Award (as defined in the Merger Agreement) with applicable performance goals deemed satisfied at the target level that settles in a number of shares of UMB common stock equal to the number of shares underlying the HTLF PSU Award multiplied by the Exchange Ratio.

Transaction codes in this filing

Sale back to the company:

Code D marks a disposition back to the company under an exempt plan, as opposed to a sale in the market.

FAQ