Form 4: Horizon Bancorp EVP John R. Stewart Reports Stock Disposal
SEC Form 4 Filing
John R. Stewart, EVP and Chief Financial Officer of Horizon Bancorp, reports the disposal of 7,919 shares of common stock to cover tax obligations related to vesting restricted stock.
Summary
- On May 20, 2025, John R. Stewart, the EVP and Chief Financial Officer of Horizon Bancorp, disposed of 7,919 shares of common stock.
- The transaction was executed at a price of $15.69 per share.
- This disposal was related to the satisfaction of tax obligations arising from the vesting of restricted stock.
- Following the transaction, Stewart directly owns 78,021 shares of Horizon Bancorp.
- Stewart also holds restricted stock awards that will vest in the future.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing an executive's stock transaction, which is neutral in sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This filing indicates the executive's actions regarding their holdings in the company.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| May 20, 2024 | Date of Restricted Stock Agreement |
| May 20, 2025 | Date of transaction and vesting date of 19,897 restricted shares |
| May 20, 2026 | Vesting date of 19,897 restricted shares |
| May 20, 2027 | Vesting date of 39,796 restricted shares |
| May 21, 2025 | Date of signature on the Form 4 filing |
Keywords
Form 4, HBNC, Horizon Bancorp, Stock Disposal, John R. Stewart, Executive Compensation, Restricted Stock, Beneficial Ownership
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