Form 4: Horizon Bancorp Executive Reports Stock Transactions
Statement of Changes in Beneficial Ownership
Horizon Bancorp Inc. EVP and CFO John R. Stewart reported transactions involving common stock, including the vesting of restricted stock units and a sale of shares.
Summary
- John R. Stewart, Executive Vice President and Chief Financial Officer of Horizon Bancorp Inc., reported a transaction on May 20, 2026.
- This transaction involved the acquisition of 19,897 shares of common stock, valued at $0, due to the vesting of restricted stock units granted on May 20, 2024.
- Shares were withheld for tax obligations as part of this vesting event.
- On May 26, 2026, Mr. Stewart disposed of 8,649 shares of common stock at a price of $18.50 per share.
- Following these transactions, Mr. Stewart beneficially owns 97,064 shares of common stock directly.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this filing as neutral, as it reports standard insider transactions (vesting and a sale) without providing new financial performance data or strategic direction.
Positives
- Vesting of restricted stock units indicates continued employee engagement and potential for future stock ownership.
- The CFO's direct beneficial ownership of 97,064 shares suggests a significant personal stake in the company's performance.
Negatives
- The disposal of 8,649 shares by the CFO could be interpreted as a reduction in his direct holdings, though the reason is not specified.
Future Outlook
No specific future outlook or guidance is provided in this Form 4 filing, which details past transactions.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions. The vesting of RSUs is a common compensation practice in the financial services industry, while the sale of shares by an executive can be for various personal reasons or strategic portfolio management.
Stakeholder Impact
- Shareholders: The sale of shares by the CFO may be monitored for any patterns, though it is a relatively small number compared to his total holdings and could be for personal reasons.
- Employees: The vesting of restricted stock units reinforces the company's use of equity-based compensation to retain and incentivize employees.
Key Dates
| Date | Description |
|---|---|
| 05/20/2024 | Date restricted stock units were granted. |
| 05/20/2026 | Date of earliest transaction reported; vesting of restricted stock units. |
| 05/26/2026 | Date of stock disposal transaction. |
| 05/27/2026 | Date of signature on the filing. |
Keywords
Horizon Bancorp, HBNC, Form 4, Insider Trading, Stock Transaction, Restricted Stock Units, Vesting, CFO, Beneficial Ownership
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