Form 4: Horizon Bancorp Director Acquires Deferred Stock Units as Part of Compensation Plan

Horizon Bancorp Director Lawrence E. Burnell reported the acquisition of 331 Deferred Stock Units, increasing his beneficial ownership in the company as part of a compensation plan.

Summary

• Lawrence E. Burnell, a Director of Horizon Bancorp Inc. (HBNC), reported transactions on June 9, 2025.
• He acquired 331 Deferred Stock Units (DSUs) at a price of $15.11 per unit.
• Each DSU is the economic equivalent of one share of common stock.
• The DSUs are payable, in cash or common stock or a combination, at the discretion of the Issuer upon conditions described in the Issuer's Directors Preferred Compensation Plan.
• Following this transaction, Mr. Burnell beneficially owns 28,851 shares of Common Stock indirectly through a Trust and 9,484 shares directly.
• He also beneficially owns 20,842 Deferred Stock Units directly.

Sentiment

Score: 7

Explanation: The acquisition of Deferred Stock Units by a director is generally viewed positively as it aligns management's interests with shareholders, though this specific transaction appears to be part of a compensation plan rather than an open market purchase, making it a routine positive.

Positives

• Director Lawrence E. Burnell's acquisition of 331 Deferred Stock Units aligns his interests with those of shareholders, indicating continued commitment to the company.

Future Outlook

NA

Industry Context

This filing is a standard disclosure of insider transactions, common across all publicly traded companies, and does not inherently reflect broader industry trends. It specifically details a director's equity compensation within the financial services sector.

Related Party Transactions

• The acquisition of Deferred Stock Units is part of the Issuer's Directors Preferred Compensation Plan, which is a standard form of compensation for directors and can be considered a related party transaction.

Stakeholder Impact

• Shareholders: The acquisition of DSUs by a director aligns their interests with shareholders, potentially signaling confidence in the company's future performance.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Key Dates

Keywords

Horizon Bancorp, HBNC, Form 4, Insider Trading, Director, Deferred Stock Units, Equity Compensation, Financial Services, Banking