Engel Robert B sold HTLF
January 31, 2025 · Form 4 insider transaction
Engel Robert B sold 11,000 shares of Heartland Financial USA, Inc., a transaction worth N/A. The trade was recorded as disposition to the issuer and disclosed on an SEC Form 4, filed 3 days after the transaction.
Footnotes
Depositary Shares, Each Representing a 1/400th Interest in a Share of 7.00% Fixed-Rate Reset NonCumulative Perpetual Preferred Stock, Series E, par value $1.00 per share; Represents depositary shares, each representing a 1/400th interest in a share of 7.00% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E, par value $1.00 per share, of HTLF ("HTLF Preferred Stock"), disposed of in connection with the Merger Agreement. In accordance with the Merger Agreement, upon the Effective Time, each share of HTLF Preferred Stock that was outstanding immediately prior to the Effective Time was converted into the right to receive one share of a newly created series of 7.00% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A preferred stock, par value $1.00 per share, of UMB ("UMB Preferred Stock"), and each depositary share representing a 1/400th interest in HTLF Preferred Stock was converted into the right to receive a new depositary share representing a 1/400th interest in UMB Preferred Stock.