Form 4: Horizon Bancorp EVP Lynn Kerber Reports Acquisition of Common Stock

Lynn Kerber, EVP & SCCO of Horizon Bancorp, reports the acquisition of 3,801 shares of common stock granted under a Restricted Stock Agreement.

Summary

• Lynn Kerber, an EVP & SCCO at Horizon Bancorp, filed a Form 4 indicating a change in beneficial ownership.
• On March 18, 2025, Kerber acquired 3,801 shares of Horizon Bancorp common stock.
• These shares were granted under a Restricted Stock Agreement.
• 1,267 shares will vest on March 18, 2026, another 1,267 shares will vest on March 18, 2027, and the final 1,267 shares will vest on March 18, 2028.
• Following the transaction, Kerber beneficially owns 29,942 shares of Horizon Bancorp common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The acquisition of shares by an executive is generally viewed as a positive sign, but it's a routine transaction.

Positives

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

Future Outlook

The document does not contain specific forward-looking statements regarding the company's future performance, but the vesting schedule of the restricted stock agreement extends to March 18, 2028.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates that a key executive is increasing their stake in the company, which can be viewed positively by investors.

Stakeholder Impact

• The acquisition of shares by a company executive can positively influence shareholder sentiment.

Key Dates

Keywords

Form 4, Beneficial Ownership, Common Stock, Horizon Bancorp, HBNC, Kerber, Restricted Stock Agreement, Vesting