Horizon Bancorp director granted 332 DSUs

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

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.

Insider Trade Summary

Grant/Award: 332 shares

Grant/Award 2 txns

Insider Reed Steven William

Role Director

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 contracts (Direct); Common Stock — 30,093 shares (Direct)

Footnotes (2)

1. F1. 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. F2. 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

How many Horizon Bancorp (HBNC) common shares does Steven Reed own after the filing?

Steven Reed directly owns 30,093 shares of Horizon Bancorp common stock after this update. The balance was adjusted to include shares accumulated through a dividend reinvestment program since his last ownership report, reflecting incremental, programmatic share increases.

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.

Does Steven Reed’s Form 4 report any open-market buying or selling of HBNC shares?

The Form 4 does not report any open-market purchases or sales of Horizon Bancorp shares. It records a grant of Deferred Stock Units and an updated common share balance reflecting dividend reinvestment program activity since his prior ownership report.

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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/07/2026 - 04:30 PM EDT Learn about SEC filing dates

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 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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/06/2026

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								30,093	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)	07/06/2026		A		332		(1)	(1)	Common Stock	332	$19.79	17,791(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/ John R. Stewart, as Attorney-in-Fact for Steven W. Reed	07/07/2026
	** 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)