Form 4: Horizon Bancorp Executive Kathie A. DeRuiter Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Kathie A. DeRuiter, an Executive Vice President at Horizon Bancorp, reports the acquisition and disposal of common stock, resulting in an updated beneficial ownership.
Summary
- On March 19, 2024, Kathie A. DeRuiter, an Executive Vice President at Horizon Bancorp, reported changes in her beneficial ownership of the company's common stock.
- She acquired 2,261 shares of common stock.
- Following the transaction, DeRuiter directly owns 52,897 shares of common stock.
- She also indirectly owns 26,612 shares through a Thrift Plan and 14,909 shares through a SERP.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Positives
- The reporting of insider transactions provides transparency to investors.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders, providing transparency into their transactions in company stock. These filings are closely watched by investors seeking insights into management's perspective on the company's value and future prospects.
Stakeholder Impact
- Shareholders may be interested in the insider's transactions as an indicator of management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 03/19/2024 | Date of transaction involving common stock. |
| 03/21/2024 | Date of signature on the Form 4 filing. |
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