Form 4: Horizon Bancorp Director James B. Dworkin Reports Acquisition of Common Stock

Director James B. Dworkin of Horizon Bancorp reported the acquisition of 3,321 shares of common stock at $11.99 per share on May 1, 2024, bringing his total holdings to 53,437 shares.

Summary

• On May 1, 2024, James B. Dworkin, a director of Horizon Bancorp, acquired 3,321 shares of common stock.
• The purchase price was $11.99 per share.
• Following the transaction, Dworkin's total beneficial ownership of Horizon Bancorp common stock is 53,437 shares.
• The reported transaction includes shares purchased through a dividend reinvestment program.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of a director's stock purchase. While insider buying can be seen as a positive signal, it's a relatively small transaction and doesn't provide strong evidence of a significant shift in the company's prospects.

Positives

• The director's purchase of shares may signal confidence in the company's future prospects.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track confidence levels and potential alignment of interests between management and shareholders.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment.

Key Dates