Form 4: Horizon Bancorp EVP John R. Stewart Reports Acquisition of Common Stock

John R. Stewart, EVP and Chief Financial Officer of Horizon Bancorp, reports the acquisition of 6,350 shares of common stock on March 18, 2025, through a restricted stock agreement.

Summary

• John R. Stewart, the EVP and Chief Financial Officer of Horizon Bancorp, filed a Form 4.
• The filing reports a transaction that occurred on March 18, 2025.
• Stewart acquired 6,350 shares of Horizon Bancorp common stock.
• These shares were awarded under a Restricted Stock Agreement at a price of $0.
• Following the transaction, Stewart beneficially owns 85,940 shares of common stock.
• The awarded shares vest in three tranches: 2,116 on March 18, 2026, 2,117 on March 18, 2027, and 2,117 on March 18, 2028.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard regulatory filing indicating an executive's acquisition of company stock, which can be seen as a positive sign of confidence, but it's not overwhelmingly positive.

Positives

• The acquisition of shares by a key executive could be seen as a positive signal, indicating confidence in the company's future performance.

Future Outlook

The vesting schedule indicates a multi-year commitment by the executive to the company's long-term success.

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. They provide insights into the actions of company executives and their confidence in the company's prospects.

Stakeholder Impact

• The acquisition of shares by a key executive could positively influence shareholder sentiment.

Key Dates

Keywords

Form 4, insider trading, beneficial ownership, HBNC, Horizon Bancorp, John R. Stewart, restricted stock