Form 4: Horizon Bancorp Director Discloses Future Stock Acquisition Under 10b5-1 Plan

James B. Dworkin, a Director at Horizon Bancorp Inc., has disclosed a planned acquisition of 331 shares of common stock at $15.08 per share, effective June 9, 2025, under a Rule 10b5-1 trading plan.

Summary

• James B. Dworkin, a Director of Horizon Bancorp Inc. (HBNC), reported a planned acquisition of common stock.
• The transaction involves the acquisition of 331 shares of HBNC common stock.
• The shares are to be acquired at a price of $15.08 per share.
• The effective transaction date for this acquisition is June 9, 2025.
• This acquisition is being made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged purchase of equity securities.
• Following this planned transaction, Mr. Dworkin's direct beneficial ownership of Horizon Bancorp common stock will increase to 58,461 shares.

Sentiment

Score: 7

Explanation: The planned acquisition of shares by a director, even under a pre-arranged plan, is generally viewed as a positive signal of insider confidence in the company's future performance.

Positives

• The planned acquisition of additional shares by a director, even if pre-arranged, generally signals continued confidence in the company's long-term prospects.
• The transaction increases the director's direct beneficial ownership, further aligning his interests with those of other shareholders.

Future Outlook

The filing indicates a pre-arranged acquisition of shares by a director under a Rule 10b5-1 plan, scheduled for June 9, 2025. This reflects a planned increase in insider ownership, suggesting a long-term positive view from the insider.

Industry Context

This Form 4 filing is specific to an insider transaction and does not directly relate to broader industry trends or competitive dynamics, beyond the general context of insider confidence in the financial services sector.

Stakeholder Impact

• Shareholders may view the director's planned share acquisition as a positive signal of confidence in the company's future performance and alignment of interests.

Key Dates

Recommendation

Keywords

Horizon Bancorp, HBNC, Form 4, insider trading, stock acquisition, director, common stock, 10b5-1 plan