Form 4: Horizon Bancorp Executive Sells Shares for Tax

Lynn Kerber, EVP & SCCO of Horizon Bancorp, disposed of 4,383 shares of common stock at $15.95 per share to satisfy tax withholding obligations.

Summary

• Lynn Kerber, Executive Vice President and Senior Chief Credit Officer (EVP & SCCO) of Horizon Bancorp Inc. (HBNC), reported a transaction.
• On August 15, 2025, Kerber disposed of 4,383 shares of common stock.
• The disposition was made at a price of $15.95 per share.
• This transaction was coded as 'F', indicating a disposition to the issuer to satisfy tax withholding obligations.
• Following this transaction, Kerber directly beneficially owns 25,559 shares of Horizon Bancorp common stock.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction for tax withholding purposes, which is neutral in sentiment and does not indicate positive or negative company performance or outlook.

Future Outlook

This filing does not contain any forward-looking statements or guidance.

Industry Context

This is a routine insider transaction, common for executives receiving equity compensation, and does not reflect broader industry trends or competitive positioning.

Comparison to Industry Standards

• This transaction represents a standard practice for executives to sell shares to cover tax obligations upon the vesting of equity awards, aligning with typical corporate governance and compensation practices across publicly traded companies.
• No specific comparable companies, projects, or results are relevant for this type of routine tax-related filing.

Stakeholder Impact

• Shareholders will note a slight reduction in direct insider ownership, but this is a common, non-discretionary sale for tax purposes and is unlikely to have a material impact.
• There is no direct impact on employees, customers, suppliers, or creditors from this routine transaction.

Key Dates

Keywords

Horizon Bancorp, HBNC, Lynn Kerber, Insider Transaction, Form 4, Stock Sale, Executive Compensation, Tax Withholding