Velarion · Company Intelligence
Compensation Brief
Fiscal year 2023 · Filings through 2026-04-16

Heartland Financial USA (HTLF)

CEO Bruce Lee was paid $2,802,714 in fiscal year 2023, ↓ down 8.3% from fiscal year 2022, the 5th percentile of its disclosed peer group (SEC filing 0000920112-24-000086 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$2,802,714 ↓
Bruce Lee total, FY2023
5th
CEO pay percentile vs peers
—
CEO-to-median pay ratio
90.63%
Say-on-pay support, latest vote

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01

Summary Compensation Table — fiscal year 2023

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Bruce Lee$887,500$0$1,351,103$0$386,055$0$178,056$2,802,714
President and Chief Executive Officer
Kevin Quinn467,5000341,2420195,356068,8381,072,936
Executive Vice President and Chief Banking Officer
Bryan McKeag467,3500413,3110121,054056,2531,057,968
Executive Vice President and Chief Financial Officer
David Prince432,0000324,2940169,515046,733972,542
Executive Vice President and Chief Commercial Officer
Jay Kim415,0000275,5380138,235040,385869,158
Executive Vice President, General Counsel, Chief Administrative Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2023 totalFY2022 totalFY2021 totalΔ FY2022→2023
Bruce Lee$2,802,714$3,055,878$2,852,290↓ −253,164
Kevin Quinn1,072,9361,053,524—↑ +19,412
Bryan McKeag1,057,9681,131,1061,091,635↓ −73,138
David Prince972,5421,041,093907,276↓ −68,551
Jay Kim869,158943,472—↓ −74,314

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2023 total
Christopher S. HylenIndependent Director$142,001
Duane E. WhiteIndependent Director$152,001
Jennifer K. HopkinsIndependent Director$152,001
John K. SchmidtChair of the Board$195,016
Kathryn Graves UngerIndependent Director$146,985
Margaret LazoIndependent Director$128,422
Martin J. SchmitzIndependent Director$154,326
Opal G. PerryIndependent Director$133,220
Robert B. EngelIndependent Director$152,001
Susan G. MurphyIndependent Director$159,059
Thomas L. FlynnIndependent Director$161,881
02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2023 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Lo B. NestmanEVP, Head of Retail, Mktg & PB2025-01-31D12,181——CommonForm 4 ↗
Susan G. MurphyDirector2025-01-31D3,149——Derivative, Class A CommonForm 4 ↗
Susan G. MurphyDirector2025-01-31D20,201——CommonForm 4 ↗
Jennifer K. HopkinsDirector2025-01-31D10,754——CommonForm 4 ↗
Margaret LazoDirector2025-01-31D2,057——Derivative, Class A CommonForm 4 ↗
David Prince—2025-01-31D6,277——Derivative, Class A CommonForm 4 ↗
David Prince—2025-01-31D43,536——CommonForm 4 ↗
Janet M. QuickEVP, Principal Acctg Officer2025-01-31D1,993——Derivative, Class A CommonForm 4 ↗
Janet M. QuickEVP, Principal Acctg Officer2025-01-31D23,981——CommonForm 4 ↗
Lo B. NestmanEVP, Head of Retail, Mktg & PB2025-01-31D1,208——Derivative, Class A CommonForm 4 ↗
Nathan R. JonesEVP, Chief Credit Officer2025-01-31D1,268——Derivative, Class A CommonForm 4 ↗
Robert S. KahnEVP, Chief Strategy Officer2025-01-31D1,783——Derivative, Class A CommonForm 4 ↗
Jay KimEVP & General Counsel, CAO2025-01-31D1,409——Derivative, Class A CommonForm 4 ↗
Bruce K. LeeHTLF President and CEO2025-01-31D15,420——Derivative, Class A CommonForm 4 ↗
Margaret LazoDirector2025-01-31D6,655——CommonForm 4 ↗
Duane E. WhiteDirector2025-01-31D16,244——CommonForm 4 ↗
Duane E. WhiteDirector2025-01-31D6,704——CommonForm 4 ↗
Janet M. QuickEVP, Principal Acctg Officer2025-01-31D1,329——Derivative, Class A CommonForm 4 ↗
Janet M. QuickEVP, Principal Acctg Officer2025-01-31D919——CommonForm 4 ↗
Mark A. FrankEVP, Chief Operations Officer2025-01-31A2,012——Derivative, Class A CommonForm 4 ↗
Mark A. FrankEVP, Chief Operations Officer2025-01-31D16,731——CommonForm 4 ↗
Tamina O'NeillEVP Chief Risk Officer2025-01-31D4,547——Derivative, Class A CommonForm 4 ↗
Angela M. KelleyEVP,Director Wealth Management2025-01-31D6,246.38——CommonForm 4 ↗
Lo B. NestmanEVP, Head of Retail, Mktg & PB2025-01-31A1,274——Derivative, Class A CommonForm 4 ↗
Nathan R. JonesEVP, Chief Credit Officer2025-01-31D3,226——Derivative, Class A CommonForm 4 ↗
Jay KimEVP & General Counsel, CAO2025-01-31D1,693——Derivative, Class A CommonForm 4 ↗
Jay KimEVP & General Counsel, CAO2025-01-31D377——Derivative, Class A CommonForm 4 ↗
Kevin QuinnEVP Chief Banking Officer2025-01-31D3,549——Derivative, Class A CommonForm 4 ↗
Bruce K. LeeHTLF President and CEO2025-01-31D16,048——Derivative, Class A CommonForm 4 ↗
Mark A. FrankEVP, Chief Operations Officer2025-01-31D2,012——Derivative, Class A CommonForm 4 ↗
John K. SchmidtDirector2025-01-31D59,033——CommonForm 4 ↗
Kevin QuinnEVP Chief Banking Officer2025-01-31A7,578——Derivative, Class A CommonForm 4 ↗
David Prince—2025-01-31D3,386——Derivative, Class A CommonForm 4 ↗
Brad J. HendersonDirector2025-01-31D1,671——Derivative, Class A CommonForm 4 ↗
Bruce K. LeeHTLF President and CEO2025-01-31A24,071——Derivative, Class A CommonForm 4 ↗
Kevin QuinnEVP Chief Banking Officer2025-01-31A3,926——Derivative, Class A CommonForm 4 ↗
David Prince—2025-01-31D807——Derivative, Class A CommonForm 4 ↗
Deborah K. DetersEVP, Chief HR Officer2025-01-31D350——Derivative, Class A CommonForm 4 ↗
Mark A. FrankEVP, Chief Operations Officer2025-01-31D2,419——Derivative, Class A CommonForm 4 ↗
Robert B. EngelDirector2025-01-31D1,671——Derivative, Class A CommonForm 4 ↗
Opal G. PerryDirector2025-01-31D2,057——Derivative, Class A CommonForm 4 ↗
Bruce K. LeeHTLF President and CEO2025-01-31D15,546——Derivative, Class A CommonForm 4 ↗
David Prince—2025-01-31D3,731——Derivative, Class A CommonForm 4 ↗
David Prince—2025-01-31D1,659——Derivative, Class A CommonForm 4 ↗
Deborah K. DetersEVP, Chief HR Officer2025-01-31D2,581——Derivative, Class A CommonForm 4 ↗
Mark A. FrankEVP, Chief Operations Officer2025-01-31D1,451——Derivative, Class A CommonForm 4 ↗
Lo B. NestmanEVP, Head of Retail, Mktg & PB2025-01-31D806——Derivative, Class A CommonForm 4 ↗
Nathan R. JonesEVP, Chief Credit Officer2025-01-31D28,870——CommonForm 4 ↗
Robert S. KahnEVP, Chief Strategy Officer2025-01-31D1,189——Derivative, Class A CommonForm 4 ↗
Jay KimEVP & General Counsel, CAO2025-01-31D3,226——Derivative, Class A CommonForm 4 ↗
Jay KimEVP & General Counsel, CAO2025-01-31D3,226——Derivative, Class A CommonForm 4 ↗
Jay KimEVP & General Counsel, CAO2025-01-31D5,617——Derivative, Class A CommonForm 4 ↗
Jay KimEVP & General Counsel, CAO2025-01-31A5,617——Derivative, Class A CommonForm 4 ↗
Kevin QuinnEVP Chief Banking Officer2025-01-31D7,578——Derivative, Class A CommonForm 4 ↗
Kevin QuinnEVP Chief Banking Officer2025-01-31D2,600——Derivative, Class A CommonForm 4 ↗
Kevin QuinnEVP Chief Banking Officer2025-01-31D7,578——Derivative, Class A CommonForm 4 ↗
Kevin QuinnEVP Chief Banking Officer2025-01-31D5,352——CommonForm 4 ↗
Robert B. EngelDirector2025-01-31D11,000——CommonForm 4 ↗
Kathryn Graves UngerDirector2025-01-31D3,534——Derivative, Class A CommonForm 4 ↗
Kathryn Graves UngerDirector2025-01-31D8,33900CommonForm 4 ↗
Christopher S. HylenDirector2025-01-31D1,671——Derivative, Class A CommonForm 4 ↗
Christopher S. HylenDirector2025-01-31D3,500——CommonForm 4 ↗
John K. SchmidtDirector2025-01-31D1,992——Derivative, Class A CommonForm 4 ↗
John K. SchmidtDirector2025-01-31D4,780——CommonForm 4 ↗
John K. SchmidtDirector2025-01-31D39,670——CommonForm 4 ↗
Jennifer K. HopkinsDirector2025-01-31D3,791——Derivative, Class A CommonForm 4 ↗
Opal G. PerryDirector2025-01-31D4,23100CommonForm 4 ↗
Duane E. WhiteDirector2025-01-31D1,671——Derivative, Class A CommonForm 4 ↗
Bruce K. LeeHTLF President and CEO2025-01-31A15,546——Derivative, Class A CommonForm 4 ↗
Bruce K. LeeHTLF President and CEO2025-01-31D6,909——Derivative, Class A CommonForm 4 ↗
Bruce K. LeeHTLF President and CEO2025-01-31D167,325——CommonForm 4 ↗
David Prince—2025-01-31A6,277——Derivative, Class A CommonForm 4 ↗
David Prince—2025-01-31A3,731——Derivative, Class A CommonForm 4 ↗
David Prince—2025-01-31D4,184——Derivative, Class A CommonForm 4 ↗
Deborah K. DetersEVP, Chief HR Officer2025-01-31D2,897——Derivative, Class A CommonForm 4 ↗
Deborah K. DetersEVP, Chief HR Officer2025-01-31A2,8973395,601Derivative, Class A CommonForm 4 ↗
Deborah K. DetersEVP, Chief HR Officer2025-01-31D1,890——Derivative, Class A CommonForm 4 ↗
Deborah K. DetersEVP, Chief HR Officer2025-01-31A1,8904993,442Derivative, Class A CommonForm 4 ↗
Deborah K. DetersEVP, Chief HR Officer2025-01-31D23,574——CommonForm 4 ↗
Janet M. QuickEVP, Principal Acctg Officer2025-01-31A1,993——Derivative, Class A CommonForm 4 ↗
Janet M. QuickEVP, Principal Acctg Officer2025-01-31D1,305——Derivative, Class A CommonForm 4 ↗
Janet M. QuickEVP, Principal Acctg Officer2025-01-31A1,305——Derivative, Class A CommonForm 4 ↗
Janet M. QuickEVP, Principal Acctg Officer2025-01-31D1,258——Derivative, Class A CommonForm 4 ↗
Janet M. QuickEVP, Principal Acctg Officer2025-01-31D580——Derivative, Class A CommonForm 4 ↗
Janet M. QuickEVP, Principal Acctg Officer2025-01-31D280——Derivative, Class A CommonForm 4 ↗
Janet M. QuickEVP, Principal Acctg Officer2025-01-31D432.01——CommonForm 4 ↗
Janet M. QuickEVP, Principal Acctg Officer2025-01-31D265——CommonForm 4 ↗
Mark A. FrankEVP, Chief Operations Officer2025-01-31D2,420——Derivative, Class A CommonForm 4 ↗
Mark A. FrankEVP, Chief Operations Officer2025-01-31D3,433——Derivative, Class A CommonForm 4 ↗
Mark A. FrankEVP, Chief Operations Officer2025-01-31A3,433——Derivative, Class A CommonForm 4 ↗
Mark A. FrankEVP, Chief Operations Officer2025-01-31D2,288——Derivative, Class A CommonForm 4 ↗
Mark A. FrankEVP, Chief Operations Officer2025-01-31D894——Derivative, Class A CommonForm 4 ↗
Mark A. FrankEVP, Chief Operations Officer2025-01-31D322——Derivative, Class A CommonForm 4 ↗
Tamina O'NeillEVP Chief Risk Officer2025-01-31D3,226——Derivative, Class A CommonForm 4 ↗
Tamina O'NeillEVP Chief Risk Officer2025-01-31D3,226——Derivative, Class A CommonForm 4 ↗
Tamina O'NeillEVP Chief Risk Officer2025-01-31A4,547——Derivative, Class A CommonForm 4 ↗
Tamina O'NeillEVP Chief Risk Officer2025-01-31D2,731——Derivative, Class A CommonForm 4 ↗
Tamina O'NeillEVP Chief Risk Officer2025-01-31A2,731——Derivative, Class A CommonForm 4 ↗
Tamina O'NeillEVP Chief Risk Officer2025-01-31D2,056——Derivative, Class A CommonForm 4 ↗
Tamina O'NeillEVP Chief Risk Officer2025-01-31D3,031——Derivative, Class A CommonForm 4 ↗
Tamina O'NeillEVP Chief Risk Officer2025-01-31D1,214——Derivative, Class A CommonForm 4 ↗
Tamina O'NeillEVP Chief Risk Officer2025-01-31D457——Derivative, Class A CommonForm 4 ↗
Tamina O'NeillEVP Chief Risk Officer2025-01-31D24,418——CommonForm 4 ↗
Angela M. KelleyEVP,Director Wealth Management2025-01-31D2,675——Derivative, Class A CommonForm 4 ↗
Angela M. KelleyEVP,Director Wealth Management2025-01-31A2,675——Derivative, Class A CommonForm 4 ↗
Angela M. KelleyEVP,Director Wealth Management2025-01-31D1,783——Derivative, Class A CommonForm 4 ↗
Lo B. NestmanEVP, Head of Retail, Mktg & PB2025-01-31D1,614——Derivative, Class A CommonForm 4 ↗
Lo B. NestmanEVP, Head of Retail, Mktg & PB2025-01-31D3,477——Derivative, Class A CommonForm 4 ↗
Lo B. NestmanEVP, Head of Retail, Mktg & PB2025-01-31A3,477——Derivative, Class A CommonForm 4 ↗
Lo B. NestmanEVP, Head of Retail, Mktg & PB2025-01-31D1,274——Derivative, Class A CommonForm 4 ↗
Lo B. NestmanEVP, Head of Retail, Mktg & PB2025-01-31D2,318——Derivative, Class A CommonForm 4 ↗
Lo B. NestmanEVP, Head of Retail, Mktg & PB2025-01-31D542——Derivative, Class A CommonForm 4 ↗
Lo B. NestmanEVP, Head of Retail, Mktg & PB2025-01-31D566——Derivative, Class A CommonForm 4 ↗
Lo B. NestmanEVP, Head of Retail, Mktg & PB2025-01-31D268——Derivative, Class A CommonForm 4 ↗
Nathan R. JonesEVP, Chief Credit Officer2025-01-31D3,226——Derivative, Class A CommonForm 4 ↗
Nathan R. JonesEVP, Chief Credit Officer2025-01-31D4,547——Derivative, Class A CommonForm 4 ↗
Nathan R. JonesEVP, Chief Credit Officer2025-01-31A4,547——Derivative, Class A CommonForm 4 ↗
Nathan R. JonesEVP, Chief Credit Officer2025-01-31D2,854——Derivative, Class A CommonForm 4 ↗
Nathan R. JonesEVP, Chief Credit Officer2025-01-31A2,854——Derivative, Class A CommonForm 4 ↗
Kevin QuinnEVP Chief Banking Officer2025-01-31D3,548——Derivative, Class A CommonForm 4 ↗
David Prince—2025-01-31D3,628——Derivative, Class A CommonForm 4 ↗
David Prince—2025-01-31D3,388——Derivative, Class A CommonForm 4 ↗
Bruce K. LeeHTLF President and CEO2025-01-31D24,071——Derivative, Class A CommonForm 4 ↗
Robert B. EngelDirector2025-01-31D18,548.93——CommonForm 4 ↗
Brad J. HendersonDirector2025-01-31D1,671——CommonForm 4 ↗
Bruce K. LeeHTLF President and CEO2025-01-31D3,426——Derivative, Class A CommonForm 4 ↗
Duane E. WhiteDirector2025-01-31D3,680——CommonForm 4 ↗
Deborah K. DetersEVP, Chief HR Officer2025-01-31D2,580——Derivative, Class A CommonForm 4 ↗
Deborah K. DetersEVP, Chief HR Officer2025-01-31D1,579——Derivative, Class A CommonForm 4 ↗
Deborah K. DetersEVP, Chief HR Officer2025-01-31D1,932——Derivative, Class A CommonForm 4 ↗
Deborah K. DetersEVP, Chief HR Officer2025-01-31D840——Derivative, Class A CommonForm 4 ↗
Nathan R. JonesEVP, Chief Credit Officer2025-01-31D2,177——Derivative, Class A CommonForm 4 ↗
Nathan R. JonesEVP, Chief Credit Officer2025-01-31D3,031——Derivative, Class A CommonForm 4 ↗
Nathan R. JonesEVP, Chief Credit Officer2025-01-31D484——Derivative, Class A CommonForm 4 ↗
Robert S. KahnEVP, Chief Strategy Officer2025-01-31A1,783——Derivative, Class A CommonForm 4 ↗
Robert S. KahnEVP, Chief Strategy Officer2025-01-31D2,972——CommonForm 4 ↗
Jay KimEVP & General Counsel, CAO2025-01-31D3,170——Derivative, Class A CommonForm 4 ↗
Jay KimEVP & General Counsel, CAO2025-01-31A3,170——Derivative, Class A CommonForm 4 ↗
Jay KimEVP & General Counsel, CAO2025-01-31D3,744——Derivative, Class A CommonForm 4 ↗
Jay KimEVP & General Counsel, CAO2025-01-31D25,621——CommonForm 4 ↗
Kevin L. ThompsonEVP, Chief Financial Officer2025-01-31D3,986——Derivative, Class A CommonForm 4 ↗
Kevin L. ThompsonEVP, Chief Financial Officer2025-01-31D4,303——CommonForm 4 ↗
Kevin QuinnEVP Chief Banking Officer2025-01-31D3,926——Derivative, Class A CommonForm 4 ↗
Kevin QuinnEVP Chief Banking Officer2025-01-31D1,745——Derivative, Class A CommonForm 4 ↗
Kevin QuinnEVP Chief Banking Officer2025-01-31D43,048——CommonForm 4 ↗
Christopher S. HylenDirector2025-01-31D6,554.8300CommonForm 4 ↗
Kevin QuinnEVP Chief Banking Officer2025-01-31D578——Derivative, Class A CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2023

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Bryan McKeagPSU2023-02-281,7834,756—8,918$256,586
Bruce LeeRSU2023-02-28——10,364—512,396
Jay KimRSU2023-02-28——2,114—104,516
Kevin QuinnRSU2023-02-28——2,618—129,434
Jay KimPSU2023-02-281,1893,170—5,944171,022
David PrinceRSU2023-02-28——2,488—123,007
Bruce LeePSU2023-02-285,83015,546—29,149838,707
David PrincePSU2023-02-281,3993,731—6,996201,287
Kevin QuinnPSU2023-02-281,4723,926—7,361211,808
Bryan McKeagRSU2023-02-28——3,170—156,725
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Bryan McKeag$156,725$256,586$062.1%
Bruce Lee512,396838,707062.1%
Jay Kim104,516171,022062.1%
Kevin Quinn129,434211,808062.1%
David Prince123,007201,287062.1%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2023

ExecutiveAwardShares unvestedExercise priceMarket value unvested
David PrinceRSU3,731—$140,323
Bruce LeeRSU10,364—389,790
Bruce LeeRSU3,187—119,863
Bruce LeeRSU6,853—257,741
Jay KimOption4,83948.79—
David PrinceRSU3,628—136,449
Bruce LeeRSU15,546—584,685
Bruce LeeRSU15,420—579,946
Bruce LeeRSU14,054—528,571
Jay KimRSU2,114—79,508
Bryan McKeagRSU4,756—178,873
Bryan McKeagRSU2,033—76,461
Bryan McKeagRSU4,574—172,028
Bryan McKeagRSU4,372—164,431
Kevin QuinnRSU3,926—147,657
David PrinceRSU3,607—135,659
Jay KimRSU1,584—59,574
Bryan McKeagRSU3,170—119,224
Jay KimRSU3,170—119,224
Kevin QuinnRSU2,600—97,786
Kevin QuinnRSU2,618—98,463
David PrinceRSU2,488—93,574
Kevin QuinnRSU1,874—70,481
Jay KimRSU1,693—63,674
David PrinceRSU1,613—60,665
Jay KimRSU769—51,676
Kevin QuinnRSU1,156—43,477
Bryan McKeagRSU993—37,347
David PrinceRSU819—30,803
Jay KimRSU753—28,320
Kevin QuinnRSU425—15,984
Jay KimRSU312—11,734
David PrinceOption5,08148.79—
Kevin QuinnOption5,32248.79—
05

Incentive-plan design — the Compensation Discussion & Analysis

The Compensation Committee has adopted an Executive Officer Compensation Philosophy that aims to be competitive in the marketplace to attract and retain a highly qualified management team, reward superior performance, and align the interests of executive officers with the long-term interests of stockholders. The program is designed to prevent excessive risk-taking by providing a substantial portion of compensation in the form of long-term equity-based awards that vest over multi-year periods.

CEO STI target (% of salary)100%
CEO LTI target (% of salary)—
Independent consultantAon
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20242024-05-2227,951,2292,889,236236,45490.63%Passed
20232023-06-1428,791,112750,186222,40296.73%Passed
20222022-06-1527,624,0913,577,840121,86288.19%Passed
20212021-05-1927,029,244379,196184,32997.96%Passed
20202020-05-2023,795,373804,777182,24096.02%Passed
20192019-05-2220,147,444784,190223,40095.24%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20242024-05-2290.63%a
20232023-06-1496.73%b
20222022-06-1588.19%c

a. Voting standard not stated in the filing.

b. Approved under the standard stated in the filing — “Abstentions and broker non-votes will have the same effect as negative votes.”.

c. Approved under the standard stated in the filing — “Abstentions will have the same effect as negative votes.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

08

Director compensation — fiscal year 2023

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
John K. SchmidtIndependent · Board Chair · Nominating/Governance · Risk$117,500$77,516——$0$195,016
Thomas L. FlynnIndependent · Audit7,200154,681——0161,881
Susan G. MurphyIndependent · Audit (Chair)57,500101,559——0159,059
Martin J. SchmitzIndependent · Compensation · Risk61,10093,226——0154,326
Duane E. WhiteIndependent · Compensation · Nominating/Governance (Chair)82,50069,501——0152,001
Jennifer K. HopkinsIndependent · Compensation (Chair) · Audit82,50069,501——0152,001
Robert B. EngelIndependent · Risk (Chair) · Audit82,50069,501——0152,001
Kathryn Graves UngerIndependent · Audit0146,985——0146,985
Christopher S. HylenIndependent · Nominating/Governance · Risk72,50069,501——0142,001
Opal G. PerryIndependent · Audit72,50060,720——0133,220
Margaret LazoIndependent · Compensation · Risk · Human Capital (Chair)0128,422——0128,422
Bruce K. LeeEmployee director—————0
Brad J. HendersonIndependent · Newly elected——————
Paul W. TaylorIndependent——————
09

Board fee structure and ownership guideline

Annual cash retainer$57,500
Annual equity retainer$65,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)15,000 / 10,000 / 10,000
Stock ownership guideline$287,500
09b

Total cost of the board

ComponentFY2023
Cash retainers and fees$635,800
Equity awards (grant-date value)$1,041,113
All other compensation$0
Total cost of the board$1,676,913

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2023

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Heartland Financial USA names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Heartland Financial USA.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Bank OZK2025George Gleason$1,448,491$3,442,850$0$2,131,065$7,327,993
2Associated Banc-Corp2025Andrew Harmening1,120,0002,799,98002,150,4006,354,626
3United Community Banks Inc.2025H. Lynn Harton1,125,0002,723,79202,179,2126,188,713
4United Bankshares Inc.2025Richard Adams Jr.1,131,7312,643,86502,199,1206,140,650
5Ameris Bancorp2025H. Palmer Proctor Jr.1,016,6672,861,19801,903,7846,077,507
6WesBanco, Inc.2025Jeffrey Jackson962,3251,685,52029,3001,633,5004,683,980
7Pacific Premier Bancorp2024Steven Gardner950,0002,618,9550997,5004,682,495
8First Interstate BancSystem2025James Reuter1,000,0002,534,83201,044,0004,615,009
9Simmons First National Corp.2025George Makris Jr.1,000,0001,445,40201,676,7164,379,185
10Cathay General Bancorp2025Chang Liu987,7501,999,94901,129,2004,145,991
11Washington Federal Inc.2025Brent Beardall1,050,0001,567,4140997,5003,822,631
12CVB Financial Corp.2025David Brager928,8461,647,0070883,5003,803,565
13Hope Bancorp2025Kevin Kim1,140,1921,575,1510778,0083,785,116
14Glacier Bancorp Inc.2025Randall Chesler1,039,8601,363,94701,076,4503,661,972
15Trustmark Corp2025Duane Dewey896,000991,90401,507,4733,635,690
16Enterprise Financial Services2025James Lally930,3681,307,773328,0461,005,6533,620,031
17Banner Corp2025Mark Grescovich949,8161,327,27601,147,3663,590,983
18Renasant Corp.2025Kevin D. Chapman775,0001,083,01101,402,5203,356,927
19First Financial Bankshares2025F. Scott Dueser1,201,042899,9670945,9253,356,547
20First Financial Bancorp2025Archie Brown893,0101,294,8880803,4473,279,532
21Independent Bk Group Inc.2023David Brooks959,3751,784,9860395,0003,217,738
22Heartland Financial USA2023Bruce Lee887,5001,351,1030386,0552,802,714
23First Merchants Corporation2025Mark Hardwick826,538787,2900657,9242,398,488

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Heartland Financial USA43%PSU 60 · RSU 40NoAon
Ameris Bancorpnot disclosedPSU 60 · RSU 40Yes — Relative Total Shareholder Return (TSR)Frederic W. Cook & Co., Inc.
Associated Banc-Corpnot disclosedPSU 75 · RSU 25NoMercer
Bank OZKnot disclosedPSU 100Yes — Total Shareholder Return (TSR)McLagan
Banner Corp110%PSU 60 · RSU 40Yes — Total Shareholder Return (TSR)Pearl Meyer & Partners
Cathay General Bancorp113%PSU 100NoFrederic W. Cook & Co., Inc.
CVB Financial Corp.95%PSU 50 · RSU 50NoPearl Meyer
Enterprise Financial Services119%PSU 60 · Options 20 · RSU 20Yes — TSRWillis Towers Watson
First Financial Bancorp100.4%PSU 50 · RSU 50NoMeridian Compensation Partners, LLC
First Financial Banksharesnot disclosednot disclosedNoPearl Meyer
First Interstate BancSystemnot disclosedPSU 60 · RSU 40NoPearl Meyer
First Merchants Corporation99%RSU 100not disclosedAon
Glacier Bancorp Inc.138.09%RSU 100NoAon
Hope Bancorp83%RSU 50 · PSU 50NoPearl Meyer
Independent Bk Group Inc.30%PSU 50 · RSU 50Yes — Relative Total Shareholder Return (rTSR)Meridian Compensation Partners
Pacific Premier Bancorp105%RSA 50 · PRSU 50Yes — Relative Total Shareholder Return (rTSR)Meridian
Renasant Corp.104%RSU 50 · PSU 50NoMeridian Compensation Advisors, LLC
Simmons First National Corp.168%RSU 50 · PSU 50Yes — Relative Total Shareholder Return (TSR)Meridian Compensation Partners, LLC
Trustmark Corp181%PSU 50 · RSU 50Yes — Total Shareholder Return (TSR) relative to peer groupPearl Meyer
United Bankshares Inc.152%PRSU 60 · RSU 40NoAon
United Community Banks Inc.not disclosedPRSU 60 · RSU 40not disclosedAon
Washington Federal Inc.not disclosednot disclosedNoPearl Meyer
WesBanco, Inc.150%not disclosedNoAON Consulting

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

10d

Frequently asked questions

Who was the highest-paid executive at Heartland Financial USA in fiscal 2023?
As disclosed, Bruce Lee (President and Chief Executive Officer) was the highest-paid executive at Heartland Financial USA in fiscal 2023, with total compensation of $2,802,714.
How does Heartland Financial USA's chief executive pay compare to its disclosed peer group?
As disclosed, Bruce Lee's total compensation ranked at the 5th percentile of Heartland Financial USA's disclosed peer group.
How did shareholders vote on Heartland Financial USA's executive compensation?
As disclosed, 90.63% of shareholders supported Heartland Financial USA's executive compensation in the latest say-on-pay vote.
How much does Heartland Financial USA spend in total on board compensation for fiscal 2023?
As disclosed, Heartland Financial USA reported total board compensation of $1,676,913 for fiscal 2023.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Bruce LeeDEF 14A2024-04-090000920112-24-000086Section “Summary Compensation Table” · page 42. As printed: 2,802,714. Filing ↗machine: span 780947–780956
2Section 01, Kevin QuinnDEF 14A2024-04-090000920112-24-000086Section “Summary Compensation Table” · page 42. As printed: 1,072,936. Filing ↗machine: span 828404–828413
3Section 01, Bryan McKeagDEF 14A2024-04-090000920112-24-000086Section “Summary Compensation Table” · page 42. As printed: 1,057,968. Filing ↗machine: span 793053–793062
4Section 01, David PrinceDEF 14A2024-04-090000920112-24-000086Section “Summary Compensation Table” · page 42. As printed: 972,542. Filing ↗machine: span 816789–816796
5Section 01, Jay KimDEF 14A2024-04-090000920112-24-000086Section “Summary Compensation Table” · page 42. As printed: 869,158. Filing ↗machine: span 804657–804664
6Section 03, Bryan McKeag PSUDEF 14A2024-04-090000920112-24-000086Section “Grants Of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
7Section 03, Bruce Lee RSUDEF 14A2024-04-090000920112-24-000086Section “Grants Of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t73 · r4 · c8 · span 932630–932636
8Section 03, Jay Kim RSUDEF 14A2024-04-090000920112-24-000086Section “Grants Of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t73 · r12 · c12 · span 950941–950946
9Section 03, Kevin Quinn RSUDEF 14A2024-04-090000920112-24-000086Section “Grants Of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t73 · r21 · c10 · span 971095–971100
10Section 03, Jay Kim PSUDEF 14A2024-04-090000920112-24-000086Section “Grants Of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t73 · r12 · c17 · span 951989–951994
11Section 03, David Prince RSUDEF 14A2024-04-090000920112-24-000086Section “Grants Of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t73 · r17 · c10 · span 962312–962317
12Section 03, Bruce Lee PSUDEF 14A2024-04-090000920112-24-000086Section “Grants Of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t73 · r4 · c14 · span 934028–934034
13Section 03, David Prince PSUDEF 14A2024-04-090000920112-24-000086Section “Grants Of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t73 · r17 · c15 · span 963244–963249
14Section 03, Kevin Quinn PSUDEF 14A2024-04-090000920112-24-000086Section “Grants Of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t73 · r21 · c15 · span 972140–972145
15Section 03, Bryan McKeag RSUDEF 14A2024-04-090000920112-24-000086Section “Grants Of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 893471–893478
16Section 08, John K. SchmidtDEF 14A2024-04-090000920112-24-000086Section “Director Compensation”. As printed: 195,016. Filing ↗machine: span 302230–302367
17Section 08, Thomas L. FlynnDEF 14A2024-04-090000920112-24-000086Section “Director Compensation”. As printed: 161,881. Filing ↗machine: span 285736–285873
18Section 08, Susan G. MurphyDEF 14A2024-04-090000920112-24-000086Section “Director Compensation”. As printed: 159,059. Filing ↗machine: span 296736–296873
19Section 08, Martin J. SchmitzDEF 14A2024-04-090000920112-24-000086Section “Director Compensation”. As printed: 154,326. Filing ↗machine: span 304985–305122
20Section 08, Duane E. WhiteDEF 14A2024-04-090000920112-24-000086Section “Director Compensation”. As printed: 152,001. Filing ↗machine: span 310487–310624
21Section 08, Jennifer K. HopkinsDEF 14A2024-04-090000920112-24-000086Section “Director Compensation”. As printed: 152,001. Filing ↗machine: span 288482–288619
22Section 08, Robert B. EngelDEF 14A2024-04-090000920112-24-000086Section “Director Compensation”. As printed: 152,001. Filing ↗machine: span 282954–283091
23Section 08, Kathryn Graves UngerDEF 14A2024-04-090000920112-24-000086Section “Director Compensation”. As printed: 146,985. Filing ↗machine: span 306491–306628
24Section 08, Christopher S. HylenDEF 14A2024-04-090000920112-24-000086Section “Director Compensation”. As printed: 142,001. Filing ↗machine: span 291229–291366
25Section 08, Opal G. PerryDEF 14A2024-04-090000920112-24-000086Section “Director Compensation”. As printed: 133,220. Filing ↗machine: span 299487–299624
26Section 08, Margaret LazoDEF 14A2024-04-090000920112-24-000086Section “Director Compensation”. As printed: 128,422. Filing ↗machine: span 292738–292875
27Section 08, Bruce K. LeeDEF 14A2024-04-090000920112-24-000086Section “Director Compensation”. As printed: 0. Filing ↗
28Section 08, Brad J. HendersonDEF 14A2024-04-090000920112-24-000086Section “Director Compensation”. As printed: —. Filing ↗
29Section 08, Paul W. TaylorDEF 14A2024-04-090000920112-24-000086Section “Director Compensation”. As printed: —. Filing ↗
30Section 02, Lo B. Nestman 2025-01-31Form 42025-02-040000920112-25-000050Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Susan G. Murphy 2025-01-31Form 42025-02-030000920112-25-000012Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Susan G. Murphy 2025-01-31Form 42025-02-030000920112-25-000012Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Jennifer K. Hopkins 2025-01-31Form 42025-02-030000920112-25-000020Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Margaret Lazo 2025-01-31Form 42025-02-030000920112-25-000024Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, David Prince 2025-01-31Form 42025-02-040000920112-25-000043Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, David Prince 2025-01-31Form 42025-02-040000920112-25-000043Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Janet M. Quick 2025-01-31Form 42025-02-040000920112-25-000045Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Janet M. Quick 2025-01-31Form 42025-02-040000920112-25-000045Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Lo B. Nestman 2025-01-31Form 42025-02-040000920112-25-000050Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Nathan R. Jones 2025-01-31Form 42025-02-040000920112-25-000051Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Robert S. Kahn 2025-01-31Form 42025-02-040000920112-25-000052Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Jay Kim 2025-01-31Form 42025-02-040000920112-25-000053Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Bruce K. Lee 2025-01-31Form 42025-02-040000920112-25-000042Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Margaret Lazo 2025-01-31Form 42025-02-030000920112-25-000024Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, Duane E. White 2025-01-31Form 42025-02-030000920112-25-000028Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Duane E. White 2025-01-31Form 42025-02-030000920112-25-000028Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, Janet M. Quick 2025-01-31Form 42025-02-040000920112-25-000045Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, Janet M. Quick 2025-01-31Form 42025-02-040000920112-25-000045Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, Mark A. Frank 2025-01-31Form 42025-02-040000920112-25-000046Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, Mark A. Frank 2025-01-31Form 42025-02-040000920112-25-000046Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, Tamina O'Neill 2025-01-31Form 42025-02-040000920112-25-000048Insider equity transaction reported since the proxy statement. Filing ↗
52Section 02, Angela M. Kelley 2025-01-31Form 42025-02-040000920112-25-000049Insider equity transaction reported since the proxy statement. Filing ↗
53Section 02, Lo B. Nestman 2025-01-31Form 42025-02-040000920112-25-000050Insider equity transaction reported since the proxy statement. Filing ↗
54Section 02, Nathan R. Jones 2025-01-31Form 42025-02-040000920112-25-000051Insider equity transaction reported since the proxy statement. Filing ↗
55Section 02, Jay Kim 2025-01-31Form 42025-02-040000920112-25-000053Insider equity transaction reported since the proxy statement. Filing ↗
56Section 02, Jay Kim 2025-01-31Form 42025-02-040000920112-25-000053Insider equity transaction reported since the proxy statement. Filing ↗
57Section 02, Kevin Quinn 2025-01-31Form 42025-02-040000920112-25-000055Insider equity transaction reported since the proxy statement. Filing ↗
58Section 02, Bruce K. Lee 2025-01-31Form 42025-02-040000920112-25-000042Insider equity transaction reported since the proxy statement. Filing ↗
59Section 02, Mark A. Frank 2025-01-31Form 42025-02-040000920112-25-000046Insider equity transaction reported since the proxy statement. Filing ↗
60Section 02, John K. Schmidt 2025-01-31Form 42025-02-030000920112-25-000018Insider equity transaction reported since the proxy statement. Filing ↗
61Section 02, Kevin Quinn 2025-01-31Form 42025-02-040000920112-25-000055Insider equity transaction reported since the proxy statement. Filing ↗
62Section 02, David Prince 2025-01-31Form 42025-02-040000920112-25-000043Insider equity transaction reported since the proxy statement. Filing ↗
63Section 02, Brad J. Henderson 2025-01-31Form 42025-02-030000920112-25-000026Insider equity transaction reported since the proxy statement. Filing ↗
64Section 02, Bruce K. Lee 2025-01-31Form 42025-02-040000920112-25-000042Insider equity transaction reported since the proxy statement. Filing ↗
65Section 02, Kevin Quinn 2025-01-31Form 42025-02-040000920112-25-000055Insider equity transaction reported since the proxy statement. Filing ↗
66Section 02, David Prince 2025-01-31Form 42025-02-040000920112-25-000043Insider equity transaction reported since the proxy statement. Filing ↗
67Section 02, Deborah K. Deters 2025-01-31Form 42025-02-040000920112-25-000044Insider equity transaction reported since the proxy statement. Filing ↗
68Section 02, Mark A. Frank 2025-01-31Form 42025-02-040000920112-25-000046Insider equity transaction reported since the proxy statement. Filing ↗
69Section 02, Robert B. Engel 2025-01-31Form 42025-02-030000920112-25-000010Insider equity transaction reported since the proxy statement. Filing ↗
70Section 02, Opal G. Perry 2025-01-31Form 42025-02-030000920112-25-000022Insider equity transaction reported since the proxy statement. Filing ↗
71Section 02, Bruce K. Lee 2025-01-31Form 42025-02-040000920112-25-000042Insider equity transaction reported since the proxy statement. Filing ↗
72Section 02, David Prince 2025-01-31Form 42025-02-040000920112-25-000043Insider equity transaction reported since the proxy statement. Filing ↗
73Section 02, David Prince 2025-01-31Form 42025-02-040000920112-25-000043Insider equity transaction reported since the proxy statement. Filing ↗
74Section 02, Deborah K. Deters 2025-01-31Form 42025-02-040000920112-25-000044Insider equity transaction reported since the proxy statement. Filing ↗
75Section 02, Mark A. Frank 2025-01-31Form 42025-02-040000920112-25-000046Insider equity transaction reported since the proxy statement. Filing ↗
76Section 02, Lo B. Nestman 2025-01-31Form 42025-02-040000920112-25-000050Insider equity transaction reported since the proxy statement. Filing ↗
77Section 02, Nathan R. Jones 2025-01-31Form 42025-02-040000920112-25-000051Insider equity transaction reported since the proxy statement. Filing ↗
78Section 02, Robert S. Kahn 2025-01-31Form 42025-02-040000920112-25-000052Insider equity transaction reported since the proxy statement. Filing ↗
79Section 02, Jay Kim 2025-01-31Form 42025-02-040000920112-25-000053Insider equity transaction reported since the proxy statement. Filing ↗
80Section 02, Jay Kim 2025-01-31Form 42025-02-040000920112-25-000053Insider equity transaction reported since the proxy statement. Filing ↗
81Section 02, Jay Kim 2025-01-31Form 42025-02-040000920112-25-000053Insider equity transaction reported since the proxy statement. Filing ↗
82Section 02, Jay Kim 2025-01-31Form 42025-02-040000920112-25-000053Insider equity transaction reported since the proxy statement. Filing ↗
83Section 02, Kevin Quinn 2025-01-31Form 42025-02-040000920112-25-000055Insider equity transaction reported since the proxy statement. Filing ↗
84Section 02, Kevin Quinn 2025-01-31Form 42025-02-040000920112-25-000055Insider equity transaction reported since the proxy statement. Filing ↗
85Section 02, Kevin Quinn 2025-01-31Form 42025-02-040000920112-25-000055Insider equity transaction reported since the proxy statement. Filing ↗
86Section 02, Kevin Quinn 2025-01-31Form 42025-02-040000920112-25-000055Insider equity transaction reported since the proxy statement. Filing ↗
87Section 02, Robert B. Engel 2025-01-31Form 42025-02-030000920112-25-000010Insider equity transaction reported since the proxy statement. Filing ↗
88Section 02, Kathryn Graves Unger 2025-01-31Form 42025-02-030000920112-25-000014Insider equity transaction reported since the proxy statement. Filing ↗
89Section 02, Kathryn Graves Unger 2025-01-31Form 42025-02-030000920112-25-000014Insider equity transaction reported since the proxy statement. Filing ↗
90Section 02, Christopher S. Hylen 2025-01-31Form 42025-02-030000920112-25-000016Insider equity transaction reported since the proxy statement. Filing ↗
91Section 02, Christopher S. Hylen 2025-01-31Form 42025-02-030000920112-25-000016Insider equity transaction reported since the proxy statement. Filing ↗
92Section 02, John K. Schmidt 2025-01-31Form 42025-02-030000920112-25-000018Insider equity transaction reported since the proxy statement. Filing ↗
93Section 02, John K. Schmidt 2025-01-31Form 42025-02-030000920112-25-000018Insider equity transaction reported since the proxy statement. Filing ↗
94Section 02, John K. Schmidt 2025-01-31Form 42025-02-030000920112-25-000018Insider equity transaction reported since the proxy statement. Filing ↗
95Section 02, Jennifer K. Hopkins 2025-01-31Form 42025-02-030000920112-25-000020Insider equity transaction reported since the proxy statement. Filing ↗
96Section 02, Opal G. Perry 2025-01-31Form 42025-02-030000920112-25-000022Insider equity transaction reported since the proxy statement. Filing ↗
97Section 02, Duane E. White 2025-01-31Form 42025-02-030000920112-25-000028Insider equity transaction reported since the proxy statement. Filing ↗
98Section 02, Bruce K. Lee 2025-01-31Form 42025-02-040000920112-25-000042Insider equity transaction reported since the proxy statement. Filing ↗
99Section 02, Bruce K. Lee 2025-01-31Form 42025-02-040000920112-25-000042Insider equity transaction reported since the proxy statement. Filing ↗
100Section 02, Bruce K. Lee 2025-01-31Form 42025-02-040000920112-25-000042Insider equity transaction reported since the proxy statement. Filing ↗
101Section 02, David Prince 2025-01-31Form 42025-02-040000920112-25-000043Insider equity transaction reported since the proxy statement. Filing ↗
102Section 02, David Prince 2025-01-31Form 42025-02-040000920112-25-000043Insider equity transaction reported since the proxy statement. Filing ↗
103Section 02, David Prince 2025-01-31Form 42025-02-040000920112-25-000043Insider equity transaction reported since the proxy statement. Filing ↗
104Section 02, Deborah K. Deters 2025-01-31Form 42025-02-040000920112-25-000044Insider equity transaction reported since the proxy statement. Filing ↗
105Section 02, Deborah K. Deters 2025-01-31Form 42025-02-040000920112-25-000044Insider equity transaction reported since the proxy statement. Filing ↗
106Section 02, Deborah K. Deters 2025-01-31Form 42025-02-040000920112-25-000044Insider equity transaction reported since the proxy statement. Filing ↗
107Section 02, Deborah K. Deters 2025-01-31Form 42025-02-040000920112-25-000044Insider equity transaction reported since the proxy statement. Filing ↗
108Section 02, Deborah K. Deters 2025-01-31Form 42025-02-040000920112-25-000044Insider equity transaction reported since the proxy statement. Filing ↗
109Section 02, Janet M. Quick 2025-01-31Form 42025-02-040000920112-25-000045Insider equity transaction reported since the proxy statement. Filing ↗
110Section 02, Janet M. Quick 2025-01-31Form 42025-02-040000920112-25-000045Insider equity transaction reported since the proxy statement. Filing ↗
111Section 02, Janet M. Quick 2025-01-31Form 42025-02-040000920112-25-000045Insider equity transaction reported since the proxy statement. Filing ↗
112Section 02, Janet M. Quick 2025-01-31Form 42025-02-040000920112-25-000045Insider equity transaction reported since the proxy statement. Filing ↗
113Section 02, Janet M. Quick 2025-01-31Form 42025-02-040000920112-25-000045Insider equity transaction reported since the proxy statement. Filing ↗
114Section 02, Janet M. Quick 2025-01-31Form 42025-02-040000920112-25-000045Insider equity transaction reported since the proxy statement. Filing ↗
115Section 02, Janet M. Quick 2025-01-31Form 42025-02-040000920112-25-000045Insider equity transaction reported since the proxy statement. Filing ↗
116Section 02, Janet M. Quick 2025-01-31Form 42025-02-040000920112-25-000045Insider equity transaction reported since the proxy statement. Filing ↗
117Section 02, Mark A. Frank 2025-01-31Form 42025-02-040000920112-25-000046Insider equity transaction reported since the proxy statement. Filing ↗
118Section 02, Mark A. Frank 2025-01-31Form 42025-02-040000920112-25-000046Insider equity transaction reported since the proxy statement. Filing ↗
119Section 02, Mark A. Frank 2025-01-31Form 42025-02-040000920112-25-000046Insider equity transaction reported since the proxy statement. Filing ↗
120Section 02, Mark A. Frank 2025-01-31Form 42025-02-040000920112-25-000046Insider equity transaction reported since the proxy statement. Filing ↗
121Section 02, Mark A. Frank 2025-01-31Form 42025-02-040000920112-25-000046Insider equity transaction reported since the proxy statement. Filing ↗
122Section 02, Mark A. Frank 2025-01-31Form 42025-02-040000920112-25-000046Insider equity transaction reported since the proxy statement. Filing ↗
123Section 02, Tamina O'Neill 2025-01-31Form 42025-02-040000920112-25-000048Insider equity transaction reported since the proxy statement. Filing ↗
124Section 02, Tamina O'Neill 2025-01-31Form 42025-02-040000920112-25-000048Insider equity transaction reported since the proxy statement. Filing ↗
125Section 02, Tamina O'Neill 2025-01-31Form 42025-02-040000920112-25-000048Insider equity transaction reported since the proxy statement. Filing ↗
126Section 02, Tamina O'Neill 2025-01-31Form 42025-02-040000920112-25-000048Insider equity transaction reported since the proxy statement. Filing ↗
127Section 02, Tamina O'Neill 2025-01-31Form 42025-02-040000920112-25-000048Insider equity transaction reported since the proxy statement. Filing ↗
128Section 02, Tamina O'Neill 2025-01-31Form 42025-02-040000920112-25-000048Insider equity transaction reported since the proxy statement. Filing ↗
129Section 02, Tamina O'Neill 2025-01-31Form 42025-02-040000920112-25-000048Insider equity transaction reported since the proxy statement. Filing ↗
130Section 02, Tamina O'Neill 2025-01-31Form 42025-02-040000920112-25-000048Insider equity transaction reported since the proxy statement. Filing ↗
131Section 02, Tamina O'Neill 2025-01-31Form 42025-02-040000920112-25-000048Insider equity transaction reported since the proxy statement. Filing ↗
132Section 02, Tamina O'Neill 2025-01-31Form 42025-02-040000920112-25-000048Insider equity transaction reported since the proxy statement. Filing ↗
133Section 02, Angela M. Kelley 2025-01-31Form 42025-02-040000920112-25-000049Insider equity transaction reported since the proxy statement. Filing ↗
134Section 02, Angela M. Kelley 2025-01-31Form 42025-02-040000920112-25-000049Insider equity transaction reported since the proxy statement. Filing ↗
135Section 02, Angela M. Kelley 2025-01-31Form 42025-02-040000920112-25-000049Insider equity transaction reported since the proxy statement. Filing ↗
136Section 02, Lo B. Nestman 2025-01-31Form 42025-02-040000920112-25-000050Insider equity transaction reported since the proxy statement. Filing ↗
137Section 02, Lo B. Nestman 2025-01-31Form 42025-02-040000920112-25-000050Insider equity transaction reported since the proxy statement. Filing ↗
138Section 02, Lo B. Nestman 2025-01-31Form 42025-02-040000920112-25-000050Insider equity transaction reported since the proxy statement. Filing ↗
139Section 02, Lo B. Nestman 2025-01-31Form 42025-02-040000920112-25-000050Insider equity transaction reported since the proxy statement. Filing ↗
140Section 02, Lo B. Nestman 2025-01-31Form 42025-02-040000920112-25-000050Insider equity transaction reported since the proxy statement. Filing ↗
141Section 02, Lo B. Nestman 2025-01-31Form 42025-02-040000920112-25-000050Insider equity transaction reported since the proxy statement. Filing ↗
142Section 02, Lo B. Nestman 2025-01-31Form 42025-02-040000920112-25-000050Insider equity transaction reported since the proxy statement. Filing ↗
143Section 02, Lo B. Nestman 2025-01-31Form 42025-02-040000920112-25-000050Insider equity transaction reported since the proxy statement. Filing ↗
144Section 02, Nathan R. Jones 2025-01-31Form 42025-02-040000920112-25-000051Insider equity transaction reported since the proxy statement. Filing ↗
145Section 02, Nathan R. Jones 2025-01-31Form 42025-02-040000920112-25-000051Insider equity transaction reported since the proxy statement. Filing ↗
146Section 02, Nathan R. Jones 2025-01-31Form 42025-02-040000920112-25-000051Insider equity transaction reported since the proxy statement. Filing ↗
147Section 02, Nathan R. Jones 2025-01-31Form 42025-02-040000920112-25-000051Insider equity transaction reported since the proxy statement. Filing ↗
148Section 02, Nathan R. Jones 2025-01-31Form 42025-02-040000920112-25-000051Insider equity transaction reported since the proxy statement. Filing ↗
149Section 02, Kevin Quinn 2025-01-31Form 42025-02-040000920112-25-000055Insider equity transaction reported since the proxy statement. Filing ↗
150Section 02, David Prince 2025-01-31Form 42025-02-040000920112-25-000043Insider equity transaction reported since the proxy statement. Filing ↗
151Section 02, David Prince 2025-01-31Form 42025-02-040000920112-25-000043Insider equity transaction reported since the proxy statement. Filing ↗
152Section 02, Bruce K. Lee 2025-01-31Form 42025-02-040000920112-25-000042Insider equity transaction reported since the proxy statement. Filing ↗
153Section 02, Robert B. Engel 2025-01-31Form 42025-02-030000920112-25-000010Insider equity transaction reported since the proxy statement. Filing ↗
154Section 02, Brad J. Henderson 2025-01-31Form 42025-02-030000920112-25-000026Insider equity transaction reported since the proxy statement. Filing ↗
155Section 02, Bruce K. Lee 2025-01-31Form 42025-02-040000920112-25-000042Insider equity transaction reported since the proxy statement. Filing ↗
156Section 02, Duane E. White 2025-01-31Form 42025-02-030000920112-25-000028Insider equity transaction reported since the proxy statement. Filing ↗
157Section 02, Deborah K. Deters 2025-01-31Form 42025-02-040000920112-25-000044Insider equity transaction reported since the proxy statement. Filing ↗
158Section 02, Deborah K. Deters 2025-01-31Form 42025-02-040000920112-25-000044Insider equity transaction reported since the proxy statement. Filing ↗
159Section 02, Deborah K. Deters 2025-01-31Form 42025-02-040000920112-25-000044Insider equity transaction reported since the proxy statement. Filing ↗
160Section 02, Deborah K. Deters 2025-01-31Form 42025-02-040000920112-25-000044Insider equity transaction reported since the proxy statement. Filing ↗
161Section 02, Nathan R. Jones 2025-01-31Form 42025-02-040000920112-25-000051Insider equity transaction reported since the proxy statement. Filing ↗
162Section 02, Nathan R. Jones 2025-01-31Form 42025-02-040000920112-25-000051Insider equity transaction reported since the proxy statement. Filing ↗
163Section 02, Nathan R. Jones 2025-01-31Form 42025-02-040000920112-25-000051Insider equity transaction reported since the proxy statement. Filing ↗
164Section 02, Robert S. Kahn 2025-01-31Form 42025-02-040000920112-25-000052Insider equity transaction reported since the proxy statement. Filing ↗
165Section 02, Robert S. Kahn 2025-01-31Form 42025-02-040000920112-25-000052Insider equity transaction reported since the proxy statement. Filing ↗
166Section 02, Jay Kim 2025-01-31Form 42025-02-040000920112-25-000053Insider equity transaction reported since the proxy statement. Filing ↗
167Section 02, Jay Kim 2025-01-31Form 42025-02-040000920112-25-000053Insider equity transaction reported since the proxy statement. Filing ↗
168Section 02, Jay Kim 2025-01-31Form 42025-02-040000920112-25-000053Insider equity transaction reported since the proxy statement. Filing ↗
169Section 02, Jay Kim 2025-01-31Form 42025-02-040000920112-25-000053Insider equity transaction reported since the proxy statement. Filing ↗
170Section 02, Kevin L. Thompson 2025-01-31Form 42025-02-040000920112-25-000054Insider equity transaction reported since the proxy statement. Filing ↗
171Section 02, Kevin L. Thompson 2025-01-31Form 42025-02-040000920112-25-000054Insider equity transaction reported since the proxy statement. Filing ↗
172Section 02, Kevin Quinn 2025-01-31Form 42025-02-040000920112-25-000055Insider equity transaction reported since the proxy statement. Filing ↗
173Section 02, Kevin Quinn 2025-01-31Form 42025-02-040000920112-25-000055Insider equity transaction reported since the proxy statement. Filing ↗
174Section 02, Kevin Quinn 2025-01-31Form 42025-02-040000920112-25-000055Insider equity transaction reported since the proxy statement. Filing ↗
175Section 02, Christopher S. Hylen 2025-01-31Form 42025-02-030000920112-25-000016Insider equity transaction reported since the proxy statement. Filing ↗
176Section 02, Kevin Quinn 2025-01-31Form 42025-02-040000920112-25-000055Insider equity transaction reported since the proxy statement. Filing ↗
177Section 06, 2024 voteForm 8-K2024-05-280000920112-24-000129Item 5.07 · say-on-pay result. As reported: 90.63% (votes for as printed: 27,951,229). Filing ↗
178Section 06, 2023 voteForm 8-K2023-06-200000920112-23-000166Item 5.07 · say-on-pay result. As reported: 96.73% (votes for as printed: 28,791,112). Filing ↗
179Section 06, 2022 voteForm 8-K2022-06-170000920112-22-000231Item 5.07 · say-on-pay result. As reported: 88.19%. Filing ↗
180Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
181Section 03b vehicle mix (computed)Computed——RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
182Section 09b board cost (computed)Computed——Cash 635,800 + equity 1,041,113 + all other 0 = 1,676,913, summed across the director compensation table rows.machine: formula: Σ = 1,676,913
183Bank OZK, Section 10b CEO totalDEF 14A2026-03-27—CEO total compensation as printed in Bank OZK's own proxy. As printed: 7,327,993. Filing ↗
184Associated Banc-Corp, Section 10b CEO totalDEF 14A2026-03-160000007789-26-000097CEO total compensation as printed in Associated Banc-Corp's own proxy. As printed: 6,354,626. Filing ↗machine: r2 · c8 · span 1463993–1464002
185United Community Banks Inc., Section 10b CEO totalDEF 14A2026-04-010001104659-26-038366CEO total compensation as printed in United Community Banks Inc.'s own proxy. As printed: 6,188,713. Filing ↗machine: span 1593241–1593250
186United Bankshares Inc., Section 10b CEO totalDEF 14A2026-04-010001193125-26-135771CEO total compensation as printed in United Bankshares Inc.'s own proxy. As printed: 6,140,650. Filing ↗
187Ameris Bancorp, Section 10b CEO totalDEF 14A2026-04-070001140361-26-013509CEO total compensation as printed in Ameris Bancorp's own proxy. As printed: 6,077,507. Filing ↗machine: r2 · c30 · span 1250404–1250414
188WesBanco, Inc., Section 10b CEO totalDEF 14A2026-03-130001193125-26-106165CEO total compensation as printed in WesBanco, Inc.'s own proxy. As printed: 4,683,980. Filing ↗machine: t44 · r4 · c33 · span 992115–992124
189Pacific Premier Bancorp, Section 10b CEO totalDEF 14A2025-04-070001558370-25-004551CEO total compensation as printed in Pacific Premier Bancorp's own proxy. As printed: 4,682,495. Filing ↗machine: span 1372089–1372098
190First Interstate BancSystem, Section 10b CEO totalDEF 14A2026-04-160000860413-26-000025CEO total compensation as printed in First Interstate BancSystem's own proxy. As printed: 4,615,009. Filing ↗machine: r2 · c8 · span 1699688–1699697
191Simmons First National Corp., Section 10b CEO totalDEF 14A2026-04-080001193125-26-146412CEO total compensation as printed in Simmons First National Corp.'s own proxy. As printed: 4,379,185. Filing ↗machine: span 860782–860791
192Cathay General Bancorp, Section 10b CEO totalDEF 14A2026-04-160001437749-26-012477CEO total compensation as printed in Cathay General Bancorp's own proxy. As printed: 4,145,991. Filing ↗machine: r1 · c29 · span 661672–661681
193Washington Federal Inc., Section 10b CEO totalDEF 14A2025-12-190000936528-25-000121CEO total compensation as printed in Washington Federal Inc.'s own proxy. As printed: 3,822,631. Filing ↗
194CVB Financial Corp., Section 10b CEO totalDEF 14A2026-04-070001193125-26-144078CEO total compensation as printed in CVB Financial Corp.'s own proxy. As printed: 3,803,565. Filing ↗machine: r5 · c18 · span 2182555–2182564
195Hope Bancorp, Section 10b CEO totalDEF 14A2026-04-100001539497-26-001123CEO total compensation as printed in Hope Bancorp's own proxy. As printed: 3,785,116. Filing ↗
196Glacier Bancorp Inc., Section 10b CEO totalDEF 14A2026-03-120000868671-26-000030CEO total compensation as printed in Glacier Bancorp Inc.'s own proxy. As printed: 3,661,972. Filing ↗machine: r2 · c21 · span 541300–541309
197Trustmark Corp, Section 10b CEO totalDEF 14A2026-03-160001193125-26-107265CEO total compensation as printed in Trustmark Corp's own proxy. As printed: 3,635,690. Filing ↗machine: span 654014–654023
198Enterprise Financial Services, Section 10b CEO totalDEF 14A2026-03-310001025835-26-000079CEO total compensation as printed in Enterprise Financial Services's own proxy. As printed: 3,620,031. Filing ↗machine: span 458805–458814
199Banner Corp, Section 10b CEO totalDEF 14A2026-04-060000946673-26-000114CEO total compensation as printed in Banner Corp's own proxy. As printed: 3,590,983. Filing ↗machine: r3 · c27 · span 600291–600300
200Renasant Corp., Section 10b CEO totalDEF 14A2026-03-180000715072-26-000030CEO total compensation as printed in Renasant Corp.'s own proxy. As printed: 3,356,927. Filing ↗machine: span 771069–771078
201First Financial Bankshares, Section 10b CEO totalDEF 14A2026-03-060001193125-26-095645CEO total compensation as printed in First Financial Bankshares's own proxy. As printed: 3,356,547. Filing ↗machine: r2 · c41 · span 1225314–1225323
202First Financial Bancorp, Section 10b CEO totalDEF 14A2026-04-160001104659-26-043973CEO total compensation as printed in First Financial Bancorp's own proxy. As printed: 3,279,532. Filing ↗machine: r1 · c48 · span 1395438–1395448
203Independent Bk Group Inc., Section 10b CEO totalDEF 14A2024-04-260001564618-24-000071CEO total compensation as printed in Independent Bk Group Inc.'s own proxy. As printed: 3,217,738. Filing ↗machine: r11 · c21 · span 844029–844038
204Heartland Financial USA (subject), Section 10b CEO totalDEF 14A2024-04-090000920112-24-000086CEO total compensation as printed in Heartland Financial USA's own proxy. As printed: 2,802,714. Filing ↗machine: span 780947–780956
205First Merchants Corporation, Section 10b CEO totalDEF 14A2026-04-030000712534-26-000025CEO total compensation as printed in First Merchants Corporation's own proxy. As printed: 2,398,488. Filing ↗machine: r2 · c21 · span 541256–541266
206Section 10a, Banner Corp reciprocityDEF 14A—0000946673-26-000114Banner Corp's most recent proxy was read; its disclosed peer group does not include Heartland Financial USA. Filing ↗
207Section 10a, First Financial Bankshares reciprocityDEF 14A—0001193125-26-095645First Financial Bankshares's most recent proxy was read; its disclosed peer group does not include Heartland Financial USA. Filing ↗
208Section 10a, Independent Bk Group Inc. reciprocityDEF 14A—0001564618-24-000071Independent Bk Group Inc. names Heartland Financial USA in its own disclosed peer group (read from its most recent proxy). Filing ↗
209Section 10a, Associated Banc-Corp reciprocityDEF 14A—0000007789-26-000097Associated Banc-Corp's most recent proxy was read; its disclosed peer group does not include Heartland Financial USA. Filing ↗
210Section 10a, Cathay General Bancorp reciprocityDEF 14A—0001437749-26-012477Cathay General Bancorp's most recent proxy was read; its disclosed peer group does not include Heartland Financial USA. Filing ↗
211Section 10a, Simmons First National Corp. reciprocityDEF 14A—0001193125-26-146412Simmons First National Corp. names Heartland Financial USA in its own disclosed peer group (read from its most recent proxy). Filing ↗
212Section 10a, United Bankshares Inc. reciprocityDEF 14A—0001193125-26-135771United Bankshares Inc.'s most recent proxy was read; its disclosed peer group does not include Heartland Financial USA. Filing ↗
213Section 10a, Ameris Bancorp reciprocityDEF 14A—0001140361-26-013509Ameris Bancorp's most recent proxy was read; its disclosed peer group does not include Heartland Financial USA. Filing ↗
214Section 10a, Hope Bancorp reciprocityDEF 14A—0001539497-26-001123Hope Bancorp names Heartland Financial USA in its own disclosed peer group (read from its most recent proxy). Filing ↗
215Section 10a, Bank OZK reciprocityDEF 14A——Bank OZK's most recent proxy was read; its disclosed peer group does not include Heartland Financial USA. Filing ↗
216Section 10a, CVB Financial Corp. reciprocityDEF 14A—0001193125-26-144078CVB Financial Corp.'s most recent proxy was read; its disclosed peer group does not include Heartland Financial USA. Filing ↗
217Section 10a, Enterprise Financial Services reciprocityDEF 14A—0001025835-26-000079Enterprise Financial Services names Heartland Financial USA in its own disclosed peer group (read from its most recent proxy). Filing ↗
218Section 10a, First Financial Bancorp reciprocityDEF 14A—0001104659-26-043973First Financial Bancorp's most recent proxy was read; its disclosed peer group does not include Heartland Financial USA. Filing ↗
219Section 10a, First Interstate BancSystem reciprocityDEF 14A—0000860413-26-000025First Interstate BancSystem's most recent proxy was read; its disclosed peer group does not include Heartland Financial USA. Filing ↗
220Section 10a, First Merchants Corporation reciprocityDEF 14A—0000712534-26-000025First Merchants Corporation's most recent proxy was read; its disclosed peer group does not include Heartland Financial USA. Filing ↗
221Section 10a, Glacier Bancorp Inc. reciprocityDEF 14A—0000868671-26-000030Glacier Bancorp Inc. names Heartland Financial USA in its own disclosed peer group (read from its most recent proxy). Filing ↗
222Section 10a, Pacific Premier Bancorp reciprocityDEF 14A—0001558370-25-004551Pacific Premier Bancorp names Heartland Financial USA in its own disclosed peer group (read from its most recent proxy). Filing ↗
223Section 10a, Renasant Corp. reciprocityDEF 14A—0000715072-26-000030Renasant Corp.'s most recent proxy was read; its disclosed peer group does not include Heartland Financial USA. Filing ↗
224Section 10a, Trustmark Corp reciprocityDEF 14A—0001193125-26-107265Trustmark Corp's most recent proxy was read; its disclosed peer group does not include Heartland Financial USA. Filing ↗
225Section 10a, United Community Banks Inc. reciprocityDEF 14A—0001104659-26-038366United Community Banks Inc. names Heartland Financial USA in its own disclosed peer group (read from its most recent proxy). Filing ↗
226Section 10a, Washington Federal Inc. reciprocityDEF 14A—0000936528-25-000121Washington Federal Inc.'s most recent proxy was read; its disclosed peer group does not include Heartland Financial USA. Filing ↗
227Section 10a, WesBanco, Inc. reciprocityDEF 14A—0001193125-26-106165WesBanco, Inc.'s most recent proxy was read; its disclosed peer group does not include Heartland Financial USA. Filing ↗

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