Horizon Bancorp (NASDAQ: HBNC) EVP withholds 250 shares for taxes

Rhea-AI Filing Summary

Horizon Bancorp Inc. Executive Vice President Mark E. Secor reported a tax-related share withholding on company stock. On March 18, 2026, 250 shares of common stock were disposed of at $15.71 per share to cover tax obligations, a non-market transaction coded as tax-withholding. After this, he held 39,283 shares directly. The filing also shows an additional 21,238 common shares held indirectly through a Thrift Plan, indicating a larger ongoing equity position despite the small routine withholding.

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

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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^*

SECOR MARK E

(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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/18/2026

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	03/18/2026		F		250	D	$15.71	39,283	D
Common Stock								21,238	I	By 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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

	/s/ John R. Stewart, as Attorney-in-Fact for Mark E. Secor	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 transaction did Horizon Bancorp (HBNC) report for Mark E. Secor?

Horizon Bancorp reported that Executive Vice President Mark E. Secor had 250 common shares withheld to satisfy tax obligations. This was recorded as a tax-withholding disposition, not an open-market sale, and reflects routine handling of equity-based compensation.

How many Horizon Bancorp (HBNC) shares were involved in the tax withholding?

The filing shows 250 shares of Horizon Bancorp common stock were disposed of at $15.71 per share for tax withholding. This small amount indicates a routine adjustment related to equity compensation rather than a significant portfolio change.

What are Mark E. Secor’s direct Horizon Bancorp (HBNC) holdings after the transaction?

After the tax-withholding disposition, Mark E. Secor directly holds 39,283 Horizon Bancorp common shares. This figure highlights that the 250-share withholding is minor compared with his remaining direct ownership position in the company.

Does Mark E. Secor have indirect Horizon Bancorp (HBNC) share holdings?

Yes. In addition to his direct holdings, the Form 4 shows 21,238 Horizon Bancorp common shares held indirectly through a Thrift Plan. This indirect position supplements his direct ownership and reflects additional long-term exposure to the company’s stock.

Was the Horizon Bancorp (HBNC) insider transaction an open-market sale or purchase?

The reported transaction was not an open-market sale or purchase. It was coded as tax-withholding, meaning shares were delivered to cover tax liabilities tied to equity compensation, a routine administrative event rather than a discretionary trade.