Form 4: Horizon Bancorp Executive Vice President Reports Stock Transactions
SEC Form 4 Filing
Mark E. Secor, Executive Vice President of Horizon Bancorp, reports acquisition and disposal of common stock on March 18th and 19th, 2024.
Summary
- Mark E. Secor, an Executive Vice President at Horizon Bancorp, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On March 18, 2024, Mr. Secor disposed of 385 shares of common stock at a price of $11.85.
- On March 19, 2024, he acquired 5,035 shares of common stock at $0 and disposed of 2,198 shares at $0.
- Following these transactions, Mr. Secor directly owns 40,134 shares of Horizon Bancorp common stock.
- He also indirectly owns 19,558 shares through a Thrift Plan and 19,439 shares through a SERP.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard regulatory filing detailing stock transactions. There's no inherent positive or negative implication.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency to the market regarding their trading activities in the company's stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider trading activity.
- It can influence investor sentiment depending on the size and nature of the transactions.
Key Dates
| Date | Description |
|---|---|
| 03/18/2024 | Disposal of 385 shares of common stock at $11.85. |
| 03/19/2024 | Acquisition of 5,035 shares and disposal of 2,198 shares of common stock. |
| 03/20/2024 | Date of signature on the Form 4 filing. |
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