Form 4: Horizon Bancorp Director Steven William Reed Reports Changes in Beneficial Ownership

Director Steven William Reed reports changes in beneficial ownership of Horizon Bancorp stock, including acquisitions through a dividend reinvestment program and deferred stock units.

Summary

• Steven William Reed, a director of Horizon Bancorp, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• The report includes adjustments for shares purchased through a dividend reinvestment program.
• Reed also acquired 2,470 Deferred Stock Units (DSUs) on March 6, 2025, each equivalent to one share of common stock.
• These DSUs will be payable in cash, common stock, or a combination thereof, at the issuer's discretion, according to the Directors Preferred Compensation Plan.
• Following the reported transactions, Reed directly owns 29,069 shares of common stock and 14,439 Deferred Stock Units.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing indicating changes in ownership, with no explicit positive or negative implications.

Positives

• The director's continued holding of shares and acquisition of DSUs could be interpreted as a positive sign of confidence in the company's future.

Future Outlook

The DSUs become payable in the future, in cash or common stock, at the discretion of the Issuer upon the conditions described in the Issuer's Directors Preferred Compensation Plan.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in the director's holdings, which is typical for individuals holding positions of responsibility in publicly traded companies.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership stake of a key company director.

Key Dates