SCHEDULE: Vanguard Discloses 5.09% Stake in Horizon Bancorp

Vanguard Capital Management has reported beneficial ownership of 5.09% of Horizon Bancorp Inc/IN's common stock as of March 31, 2026.

Summary

• Vanguard Capital Management, along with its affiliates, now beneficially owns 2,607,971 shares of Horizon Bancorp Inc/IN common stock.
• This holding represents 5.09% of the total class of securities.
• Vanguard Capital Management has sole dispositive power over 2,607,971 shares and sole voting power over 380,387 shares.
• The filing indicates that Vanguard funds and other managed accounts have the right to receive or direct the receipt of dividends and sale proceeds for these securities.
• No single other person's interest in the reported securities exceeds 5%.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. It's a standard disclosure of institutional ownership, indicating Vanguard's investment in Horizon Bancorp, but provides no new operational or financial insights into the company itself.

Positives

• Significant institutional ownership by a major asset manager like Vanguard can be seen as a positive signal of confidence in the company's long-term prospects.
• Vanguard's reporting of sole dispositive power suggests a clear investment strategy and control over the shares held.

Negatives

• The filing does not contain any negative financial or operational information about Horizon Bancorp itself, as it is a Schedule 13G disclosure of ownership.

Risks

• While not a direct risk to Horizon Bancorp, a significant ownership stake by an institutional investor like Vanguard could lead to increased pressure for certain strategic decisions or governance changes if Vanguard's investment objectives diverge from current management's strategy.
• The filing does not detail any specific risks related to Horizon Bancorp's operations or financial health.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance from Horizon Bancorp.

Management Comments

• "In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by Vanguard Capital Management LLC and the following affiliates of Vanguard Capital Management LLC or business divisions of such affiliates: Vanguard Asset Management Limited, Vanguard Fiduciary Trust Company, Vanguard Global Advisers, LLC and Vanguard Investments Australia Ltd."
• "This Schedule 13G includes securities held by Vanguard funds, or sleeves thereof, over which Vanguard Capital Management LLC exercises dispositive power, in addition to securities held by clients over which the affiliates or business divisions of such affiliates indicated above exercise dispositive and/or voting power."
• "This Schedule 13G does not include securities, if any, beneficially owned by other subsidiaries or affiliates of Vanguard Capital Management LLC, or business divisions of such subsidiaries, whose ownership of securities is disaggregated from that of the reporting business unit in accordance with such release."
• "Vanguard Capital Management, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein."
• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11."

Industry Context

StockSavvy.ai notes that a Schedule 13G filing by a major institutional investor like Vanguard often signifies a passive investment approach, but a stake exceeding 5% warrants monitoring for any potential shifts in strategy or increased engagement with the company's management.

Stakeholder Impact

• Shareholders: The increased institutional ownership by a large asset manager may be viewed positively, potentially leading to greater liquidity and stability in the stock price. However, it also means a significant portion of ownership is concentrated with one entity.
• Management: Horizon Bancorp's management may face increased scrutiny or engagement from Vanguard regarding corporate strategy and performance, especially if Vanguard's stake grows or if the company's performance deviates from expectations.
• Creditors: No direct impact is indicated.

Next Steps

• Vanguard will continue to hold or manage its stake in Horizon Bancorp's common stock.
• Horizon Bancorp will continue its business operations as usual, subject to its own strategic plans.

Key Dates

Keywords

Horizon Bancorp, Vanguard Capital Management, Schedule 13G, Institutional Ownership, Common Stock, Beneficial Ownership, SEC Filing, Pennsylvania, Investment Management