Horizon Bancorp (HBNC) EVP gets 3,020-share grant, covers taxes in stock

Rhea-AI Filing Summary

Horizon Bancorp executive vice president and general counsel Todd A. Etzler reported routine equity compensation and related tax withholding in company stock. On March 17, 2026, he received an award of 3,020 shares of Common Stock as a grant under a restricted stock agreement, increasing his direct holdings to 29,641 shares. The award is scheduled to vest in tranches of 1,006 shares on March 17, 2027, 1,006 shares on March 17, 2028, and 1,008 shares on March 17, 2029. On March 18, 2026, 292 shares were disposed of at $15.71 per share to cover tax liabilities, leaving him with 29,349 directly held shares. The filing also shows 2,907 shares held indirectly through a ThrifPlan account, with share counts adjusted to reflect dividend reinvestment and benefit plan allocations since his prior report.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Etzler Todd A.

(Last) (First) (Middle)

515 FRANKLIN STREET

(Street)

MICHIGAN CITY INDIANA 46360

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
HORIZON BANCORP INC /IN/ [ HBNC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Vice President & GC

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/17/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/17/2026		A		3,020	A	$0	29,641(1)(2)	D
Common Stock	03/18/2026		F		292	D	$15.71	29,349	D
Common Stock								2,907(3)	I	By ThrifPlan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Adjusted to include shares purchased pursuant to a dividend reinvestment program since the date of the reporting person's last ownership report.

2. Award of 3,020 shares granted on March 17, 2026 under Restricted Stock Agreement, 1,006 shares to vest on March 17, 2027, 1,006 shares to vest on March 17, 2028, and 1,008 shares to vest on March 17, 2029.

3. Adjusted to reflect additional shares allocated to the reporting person's benefit plan account after the date of the reporting person's last ownership report.

Remarks:

	/s/ Todd A. Etzler	03/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did HBNC executive Todd Etzler report on this Form 4?

Todd Etzler reported a grant of 3,020 Horizon Bancorp (HBNC) common shares as restricted stock and a disposition of 292 shares to cover taxes. These are routine compensation and tax-withholding entries, not open-market buying or selling.

How many Horizon Bancorp (HBNC) shares does Todd Etzler hold after these transactions?

After the reported transactions, Todd Etzler holds 29,349 Horizon Bancorp common shares directly. The filing also shows 2,907 shares held indirectly through a ThrifPlan account, reflecting updated allocations and dividend reinvestment activity.

What is the nature of the 3,020-share award to HBNC executive Todd Etzler?

The 3,020-share award is a restricted stock grant to Todd Etzler. According to the filing, it vests in three installments over 2027, 2028, and 2029, aligning with long-term incentive compensation rather than an immediate cash transaction.

Was the 292-share disposition by HBNC’s Todd Etzler an open-market sale?

No. The 292-share disposition is labeled as a tax-withholding transaction. Shares were delivered at $15.71 per share to satisfy tax obligations on equity compensation, not sold in an open-market trade.

How are dividend reinvestment and benefit plan shares reflected for HBNC insider Todd Etzler?

The filing notes his share counts are adjusted for dividend reinvestment and additional benefit plan allocations since his last report. These adjustments update reported ownership but do not represent new open-market purchases or sales.

What vesting schedule applies to Todd Etzler’s 3,020 HBNC restricted shares?

The 3,020 restricted shares vest over three years: 1,006 shares on March 17, 2027, 1,006 shares on March 17, 2028, and 1,008 shares on March 17, 2029, supporting long-term alignment with Horizon Bancorp.