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Horizon Bancorp (HBNC) EVP receives 4,128-share award and withholds stock for taxes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Horizon Bancorp executive Lynn Kerber reported routine equity compensation activity involving company common stock. On March 17, 2026, Kerber received a grant of 4,128 restricted shares at no cost, with 1,376 shares scheduled to vest on each of March 17, 2027, March 17, 2028, and March 17, 2029. Following this grant, Kerber directly held 29,687 common shares. On March 18, 2026, 450 shares were disposed of at $15.71 per share to satisfy tax obligations, a non‑market tax-withholding transaction, leaving 29,237 shares held directly. The filing also notes 1,409 shares held indirectly through a Thrift Plan account, adjusted from the prior report.

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Insider Kerber Lynn
Role EVP & CCBO
Type Security Shares Price Value
Tax Withholding Common Stock 450 $15.71 $7K
Grant/Award Common Stock 4,128 $0.00 --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 29,237 shares (Direct); Common Stock — 1,409 shares (Indirect, By Thrift Plan)
Footnotes (1)
  1. Award of 4,128 shares granted on March 17, 2026 under Restricted Stock Agreement, 1,376 shares to vest on March 17, 2027, 1,376 shares to vest on March 17, 2028, and 1,376 shares to vest on March 17, 2029. 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.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Kerber Lynn
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP & CCBO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/17/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock03/17/2026A4,128A$029,687(1)D
Common Stock03/18/2026F450D$15.7129,237D
Common Stock1,409(2)IBy Thrift Plan
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Award of 4,128 shares granted on March 17, 2026 under Restricted Stock Agreement, 1,376 shares to vest on March 17, 2027, 1,376 shares to vest on March 17, 2028, and 1,376 shares to vest on March 17, 2029.
2. 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/ John R. Stewart, as Attorney-in-Fact for Lynn M. Kerber03/20/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did HBNC executive Lynn Kerber report on this Form 4?

Lynn Kerber reported a grant of 4,128 shares of Horizon Bancorp common stock and a related tax-withholding disposition of 450 shares. These are compensation and tax events, not open-market trades, and reflect routine equity award and withholding activity.

Was the HBNC Form 4 for Lynn Kerber an open-market stock purchase or sale?

No open-market purchases or sales were reported. The filing shows a restricted stock award and a tax-withholding disposition, where 450 shares were delivered to cover tax obligations. These transactions are administrative and compensation-related rather than discretionary market trades.

How many HBNC shares did Lynn Kerber receive in the latest equity award?

Kerber received 4,128 shares of Horizon Bancorp common stock under a restricted stock agreement. According to the vesting schedule, 1,376 shares are set to vest on March 17, 2027, 1,376 on March 17, 2028, and 1,376 on March 17, 2029.

What is Lynn Kerber’s reported HBNC share ownership after these transactions?

After the reported transactions, Kerber directly held 29,237 shares of Horizon Bancorp common stock. The filing also shows 1,409 shares held indirectly through a Thrift Plan account, reflecting adjustments since the prior ownership report filed with regulators.

Why were 450 HBNC shares disposed of in Lynn Kerber’s Form 4 filing?

The 450 shares were disposed of at $15.71 per share to pay tax liabilities associated with the equity award. The filing labels this as a tax-withholding disposition, meaning shares were delivered for taxes rather than sold in the open market.

How does the HBNC Thrift Plan holding affect Lynn Kerber’s reported ownership?

The filing lists 1,409 HBNC shares held indirectly through a Thrift Plan. A footnote explains this amount was adjusted to reflect additional shares allocated to Kerber’s benefit plan account since the last ownership report, updating the indirect holding total.