Horizon Bancorp (HBNC) director receives 332 Deferred Stock Units in routine grant
Filing Impact
Filing Sentiment
Form Type
4
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 a routine equity compensation grant and updated holdings. He received 332 Deferred Stock Units (DSUs), each economically equivalent to one share of common stock, at a reference price of $19.79 per unit. Following this grant, he holds 17,791 DSUs and 30,093 shares of common stock directly, with the common share balance adjusted to reflect purchases through a dividend reinvestment program.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Reed Steven William
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 332 | $19.79 | $7K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Deferred Stock Units — 17,791 shares (Direct, null);
Common Stock — 30,093 shares (Direct, null)
Footnotes (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. Adjusted to include shares purchased pursuant to a dividend reinvestment program since the date of the reporting person's last ownership report.
Key Figures
Deferred Stock Units granted: 332 units
Reference price per DSU: $19.79 per unit
DSUs held after grant: 17,791 units
+1 more
4 metrics
Deferred Stock Units granted
332 units
Grant of DSUs to director on 2026-07-06
Reference price per DSU
$19.79 per unit
Economic equivalent of one common stock share
DSUs held after grant
17,791 units
Deferred Stock Units position following transaction
Common shares held after update
30,093 shares
Direct common stock holdings after dividend reinvestment adjustment
Key Terms
Deferred Stock Units, dividend reinvestment program, Directors Preferred Compensation Plan
3 terms
Deferred Stock Units financial
"Each Deferred Stock Unit ("DSU") is the economic equivalent of one share of common stock."
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
dividend reinvestment program financial
"Adjusted to include shares purchased pursuant to a dividend reinvestment program since the date of the reporting person's last ownership report."
A dividend reinvestment program lets investors automatically use cash dividends to buy more shares of the same company instead of taking the money as cash. Think of it like an automatic savings plan that turns small payouts into additional ownership, often including fractional shares, which can speed up compound growth and reduce the need for manual buying decisions — a convenience that can boost long-term returns for shareholders.
Directors Preferred Compensation Plan financial
"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."
FAQ
What insider transaction did Horizon Bancorp (HBNC) director Steven William Reed report?
Director Steven William Reed reported a routine equity compensation grant of 332 Deferred Stock Units. These units are economically equivalent to common stock and increase his deferred compensation position without representing an open-market purchase or sale of Horizon Bancorp shares.
How many Deferred Stock Units does HBNC director Steven Reed hold after this Form 4?
After the reported grant, Steven Reed holds 17,791 Deferred Stock Units. Each DSU represents the economic value of one Horizon Bancorp common share, payable in cash, stock, or a combination under the company’s Directors Preferred Compensation Plan terms.
What is a Deferred Stock Unit (DSU) in the context of HBNC’s director compensation?
A Deferred Stock Unit at Horizon Bancorp is the economic equivalent of one common share. DSUs are paid later, in cash, stock, or both, at the issuer’s discretion under the Directors Preferred Compensation Plan, aligning director compensation with shareholder value over time.
How is the price of $19.79 relevant to Steven Reed’s DSU grant at HBNC?
The grant references a price of $19.79 per Deferred Stock Unit, matching the economic value of one common share. While the DSUs have a zero exercise price, this reference amount reflects the underlying stock value used for the compensation award accounting.