Horizon Bancorp (HBNC) director receives 2,681 deferred stock units at $16.74

Rhea-AI Filing Summary

Horizon Bancorp director Lawrence E. Burnell received a new equity-based award. He acquired 2,681 Deferred Stock Units on February 27, 2026, each economically equivalent to one share of common stock, at a reference value of $16.74 per unit under the company’s director compensation plan.

The Deferred Stock Units will be settled in cash, common stock, or a mix of both at Horizon Bancorp’s discretion, based on conditions in the Directors Preferred Compensation Plan. Following this grant, Burnell directly holds 23,531 Deferred Stock Units, 9,484 shares of common stock directly, and 28,851 shares indirectly through a trust, with the common stock figures adjusted to include shares accumulated via a dividend reinvestment program since his last ownership 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
Estimated average burden
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^*

Burnell Lawrence E

(Last) (First) (Middle)

515 FRANKLIN STREET

(Street)

MICHIGAN CITY IN 46360

(City) (State) (Zip)

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

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

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026

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

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

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

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								28,851	I	By Trust
Common Stock								9,484	D

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
Deferred Stock Units	(1)	02/27/2026		A		2,681		(1)	(1)	Common Stock	2,681	$16.74	23,531(2)	D

Explanation of Responses:

1. Each Deferred Stock Unit ("DSU") is the economic equivalent of one share of common stock. The DSUs become payable, in cash or common stock or a combination of the two, at the discretion of the Issuer upon the conditions described in the Issuer's Directors Preferred Compensation Plan.

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

Remarks:

	/s/ Mark E. Secor, as Attorney-in-Fact for Lawrence E. Burnell	03/02/2026
	** 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.

FAQ

What did Horizon Bancorp (HBNC) director Lawrence E. Burnell report on this Form 4?

Lawrence E. Burnell reported receiving 2,681 Deferred Stock Units on February 27, 2026. These units are part of Horizon Bancorp’s director compensation and are economically equivalent to common shares, payable later in cash, stock, or a combination, at the issuer’s discretion.

What are the key terms of the Deferred Stock Units granted to the HBNC director?

Each Deferred Stock Unit equals one share of Horizon Bancorp common stock economically, valued at $16.74 per unit on grant. Payment occurs later in cash, stock, or both, as determined by the company under its Directors Preferred Compensation Plan and applicable conditions.

How many Horizon Bancorp Deferred Stock Units does the director hold after this transaction?

After the award, Burnell directly holds 23,531 Deferred Stock Units. This figure reflects the latest grant and represents his total deferred equity-based interest tied to Horizon Bancorp’s common stock under the company’s director compensation framework.

What is the HBNC director’s common stock ownership after the reported Form 4 activity?

Burnell reports direct ownership of 9,484 Horizon Bancorp common shares and indirect ownership of 28,851 shares through a trust. The common stock amounts are adjusted to include shares accumulated via a dividend reinvestment program since his prior ownership report.

How does Horizon Bancorp’s dividend reinvestment program affect the share counts in this Form 4?

The reported common stock holdings incorporate shares purchased through a dividend reinvestment program since Burnell’s last ownership filing. This means dividends were automatically used to buy additional Horizon Bancorp shares, increasing his reported share totals over time.