German American Bancorp finalizes compensation for retiring EVP & Chief Banking Officer

GERMAN AMERICAN BANCORP, INC.

Randall L. Braun retired as EVP and Chief Banking Officer effective April 1, 2023, and as bank employee on April 5, 2023.
Board accelerated vesting of 8,724 restricted stock shares and $60,489 in cash incentive awards as retirement compensation.
The accelerated awards represent all remaining unvested compensation held by Braun at retirement.

item 5.02

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Departed

Randall L. Braun

Executive Vice President and Chief Banking Officer

GABC · GERMAN AMERICAN BANCORP, INC.

Effective: 2023-04-01
Filed: April 6, 2023, 7:59 PM ET

As previously disclosed in the Original Report, on March 2, 2023, the Company announced that Randall L. Braun, the Company’s Executive Vice President and Chief Banking Officer, and a named executive officer for the Company’s 2022 fiscal year, would retire from such role effective April 1, 2023.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Randall L. Braun retired as Executive Vice President and Chief Banking Officer at GERMAN AMERICAN BANCORP, INC..

Action: retired
Role: Executive Vice President and Chief Banking Officer

Exact text from the filing

As previously disclosed in the Original Report, on March 2, 2023, the Company announced that Randall L. Braun, the Company’s Executive Vice President and Chief Banking Officer, and a named executive officer for the Company’s 2022 fiscal year, would retire from such role effective April 1, 2023.

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Source: SEC EDGAR

accession 0000714395-23-000020

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