Overview
Andrew M. Seger, a director at German American Bancorp, Inc. (NASDAQ: GABC), executed a small purchase of the company's common stock on February 15, 2026. The buy covered 22.9161 shares at a per-share price of $43.6374, bringing the total consideration to roughly $999. The transaction was reported on a Form 4 filing with the Securities and Exchange Commission.
How the purchase was made
The acquisition was completed through the Issuer's Dividend Reinvestment and Stock Purchase Plan and was funded using a portion of Seger's director compensation. The filing records this as an internal-plan purchase rather than an open-market trade.
Post-transaction ownership
After the transaction settled, Seger is recorded as directly owning 18,277.5606 shares of German American Bancorp common stock. He also has indirect ownership of 125,826 shares through Wabash Valley Produce, Inc., where he serves as both a shareholder and the Chief Financial Officer.
Context from company results and analyst action
Separately, German American Bancorp reported operating earnings of $0.96 per share for the fourth quarter of 2025, with management attributing the stronger result to improved pre-provision net revenue. In response to these results, Keefe, Bruyette & Woods increased its price target on the stock to $46.00 from $45.00 while maintaining a Market Perform rating.
What the record shows and what it does not
The filing documents the mechanics of Seger's purchase and his current direct and indirect holdings. It does not provide additional commentary from Seger or company management about the motivation behind the use of director compensation for the DRIP purchase, nor does it attach further forward-looking guidance beyond the reported fourth-quarter performance and the noted analyst update.
Conclusion
The Form 4 filing provides a precise record of a modest director purchase executed through the company's reinvestment plan and updates on Seger's detailed ownership stakes. These items sit alongside the bank's quarterly operating result and a small upward adjustment to a broker's price target, which together form the most recent public developments documented in the record.