Director at Horizon Bancorp (HBNC) granted 2,681 deferred stock units tied to shares

Rhea-AI Filing Summary

Reed Steven William reported acquisition or exercise transactions in this Form 4 filing.

Horizon Bancorp Inc. director Steven William Reed reported an equity award of 2,681 Deferred Stock Units on common stock at $16.74 per unit. Each Deferred Stock Unit is economically equivalent to one share of common stock and is payable in cash, stock, or a combination under the company’s Directors Preferred Compensation Plan.

Following this grant, Reed directly holds 17,459 Deferred Stock Units. A separate line updates his directly held common stock to 30,093 shares, which the footnotes state now reflects additional shares accumulated through the company’s dividend reinvestment program since his prior ownership report.

Insights

Bank equity compensation analyst

Director received routine stock-based compensation with limited immediate impact.

The filing shows Steven William Reed, a director of Horizon Bancorp Inc., received 2,681 Deferred Stock Units tied to common stock at $16.74 per unit. This is disclosed as a grant or award under the company’s director compensation framework.

Deferred Stock Units are economically equivalent to common shares but settle later in cash, stock, or both, according to the Directors Preferred Compensation Plan. The filing also updates his directly held common stock to 30,093 shares, reflecting dividend reinvestment activity since his last report.

This type of non-cash director compensation is typical for banks and does not, by itself, signal a change in outlook. Future company filings may provide additional context on overall director and executive equity holdings and how they evolve over time.

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^*

Reed Steven William

(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								30,093(1)	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	(2)	02/27/2026		A		2,681		(2)	(2)	Common Stock	2,681	$16.74	17,459(3)	D

Explanation of Responses:

1. Includes 1,024 shares acquired through the Registrant's Dividend Reinvestment Plan (DRIP) since the reporting person's last Form 4 filing that were exempt from the reporting and short-swing profit provisions of Section16 of the Securities Exchange Act of 1934.

2. 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.

3. 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 Steven W. Reed	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 Steven William Reed report in this Form 4?

He reported receiving 2,681 Deferred Stock Units tied to Horizon Bancorp common stock at $16.74 per unit. The filing characterizes this as a grant or award, increasing his directly held Deferred Stock Units to 17,459 under the company’s director compensation arrangements.

What are Deferred Stock Units in the Horizon Bancorp (HBNC) Form 4?

Each Deferred Stock Unit is economically equivalent to one share of Horizon Bancorp common stock. According to the footnotes, these units become payable in cash, stock, or a combination, at the issuer’s discretion, under the Directors Preferred Compensation Plan’s specified conditions.

How many Horizon Bancorp (HBNC) Deferred Stock Units does Steven William Reed now hold?

After the reported grant, he directly holds 17,459 Deferred Stock Units. This reflects the addition of 2,681 newly awarded units, with all units tied economically to Horizon Bancorp common stock, and subject to payout terms in the Directors Preferred Compensation Plan.

Did Steven William Reed buy or sell Horizon Bancorp (HBNC) common shares in this Form 4?

The filing does not report an open-market purchase or sale of common stock. It records a grant of Deferred Stock Units and updates his directly held common shares to 30,093, which the footnotes say now include shares accumulated through the company’s dividend reinvestment program.

How many Horizon Bancorp (HBNC) common shares does Steven William Reed now directly own?

He is shown as directly owning 30,093 Horizon Bancorp common shares. A footnote explains this figure has been adjusted to include shares acquired through the company’s dividend reinvestment program since his last ownership report, consolidating those incremental additions.

Does the Horizon Bancorp (HBNC) Form 4 indicate any insider selling by Steven William Reed?

The summarized data show no insider sales by Reed in this report. The only specified transaction direction is an acquisition via a grant of Deferred Stock Units, while common-stock holdings are simply updated to reflect dividend reinvestment adjustments since his previous filing.