Form 4: Horizon Bancorp Director Michele M. Magnuson Reports Stock Transactions
SEC Form 4 Filing
Director Michele M. Magnuson of Horizon Bancorp reported the acquisition and disposal of company stock through a trust.
Summary
- On March 5, 2025, Michele M. Magnuson, a director of Horizon Bancorp, acquired 2,431 shares of common stock at a price of $16.45 per share through a trust.
- On March 7, 2025, Magnuson disposed of 372 shares of common stock at a price of $0 per share through a trust.
- Following these transactions, Magnuson beneficially owns 44,870 shares of Horizon Bancorp common stock indirectly through a trust.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing detailing stock transactions by a company director, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, such as directors and officers, trade their company's stock; these filings provide transparency to the market regarding insider activity.
Stakeholder Impact
- Shareholders may be interested in the trading activity of company insiders as it can provide insights into management's perspective on the company's value and prospects.
Key Dates
| Date | Description |
|---|---|
| 03/05/2025 | Acquisition of 2,431 shares of common stock at $16.45 per share. |
| 03/07/2025 | Disposal of 372 shares of common stock at $0 per share. |
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