Form 4: Horizon Bancorp EVP Sells Shares for Tax Withholding
Insider Transaction Report
Horizon Bancorp Executive Vice President Mark E. Secor disposed of 4,248 shares of common stock to cover tax withholding obligations.
Summary
- Mark E. Secor, Executive Vice President of Horizon Bancorp Inc. (HBNC), reported a transaction involving company common stock.
- On August 15, 2025, Secor disposed of 4,248 shares of HBNC common stock.
- The disposition occurred at a price of $15.95 per share.
- This transaction was identified by transaction code 'F', indicating a disposition to the issuer to satisfy tax withholding obligations.
- Following this transaction, Secor directly beneficially owns 39,533 shares of Horizon Bancorp common stock.
Sentiment
Score: 5
Explanation: The transaction is a routine disposition of shares for tax withholding, which is a neutral event and does not reflect positively or negatively on the company's performance or outlook.
Positives
- NA
Negatives
- NA
Risks
- NA
Future Outlook
NA
Industry Context
This is a routine insider transaction for tax purposes and does not provide specific insights into broader industry trends or competitive landscape.
Comparison to Industry Standards
- NA
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Executive Vice President | NA | Mark E. Secor (no change reported) | NA | NA |
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
Legal Proceedings
- NA
Related Party Transactions
- NA
Stakeholder Impact
- Minimal impact on shareholders as this is a routine tax-related disposition by an executive and does not signal a change in company fundamentals or management confidence.
Next Steps
- NA
Key Dates
| Date | Description |
|---|---|
| 08/15/2025 | Date of disposition of common stock by Mark E. Secor. |
| 08/19/2025 | Signature date of the reporting person, Mark E. Secor. |
Recommendation
holdThe filing reports a routine disposition of shares by an executive to cover tax withholding obligations. This is a common practice and does not indicate a change in the company's fundamental outlook, financial health, or strategic direction, thus warranting no change in investment recommendation.
Keywords
Horizon Bancorp, HBNC, Mark E. Secor, insider transaction, Form 4, stock sale, executive, common stock, tax withholding
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