HBNC CFO gets stock grant, withholds shares for tax

Horizon Bancorp (HBNC) EVP and CFO John R. Stewart reported compensation-related stock activity.

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Rhea-AI Filing Summary

Horizon Bancorp (HBNC) EVP and CFO John R. Stewart reported compensation-related stock activity. On March 17, 2026 he acquired 6,714 shares of common stock as a grant under a Restricted Stock Agreement, with equal tranches scheduled to vest in 2027, 2028, and 2029.

On March 18, 2026, 643 shares were disposed of to satisfy tax withholding at $15.71 per share, rather than through an open-market sale. After these transactions, Stewart directly owned 85,816 shares of Horizon Bancorp common stock.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Stewart John R

Role EVP - Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	643	$15.71	$10K
Grant/Award	Common Stock	6,714	$0.00	$0.00

Holdings After Transaction: Common Stock — 85,816 shares (Direct)

Footnotes (1)

F1. Award of 6,714 shares granted on March 17, 2026 under Restricted Stock Agreement, 2,238 shares to vest on March 17, 2027, 2,238 shares to vest on March 17, 2028, and 2,238 shares to vest on March 17, 2029.

FAQ

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What insider transactions did HBNC CFO John R. Stewart report?

John R. Stewart reported a grant of 6,714 Horizon Bancorp common shares on March 17, 2026, followed by the disposition of 643 shares on March 18, 2026 to cover tax obligations related to that award.

How many HBNC shares did the CFO receive in the latest stock grant?

The CFO received 6,714 shares of Horizon Bancorp common stock on March 17, 2026 under a Restricted Stock Agreement, with the grant structured to vest in three equal annual installments through March 17, 2029.

What is the vesting schedule for John R. Stewart’s HBNC restricted stock?

The 6,714 restricted shares granted on March 17, 2026 vest in three equal tranches: 2,238 shares on March 17, 2027, 2,238 shares on March 17, 2028, and 2,238 shares on March 17, 2029, subject to the agreement’s terms.

Why were 643 HBNC shares disposed of by the CFO on March 18, 2026?

The 643 shares were disposed of to satisfy tax withholding obligations associated with the stock award. They were valued at $15.71 per share, reflecting a payment of tax liability rather than a discretionary open-market sale of Horizon Bancorp shares.

How many Horizon Bancorp (HBNC) shares does the CFO own after these transactions?

Following the reported grant and related tax-withholding disposition, John R. Stewart directly owned 85,816 shares of Horizon Bancorp common stock, as shown in the post-transaction ownership figures included in the Form 4 filing.

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Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 03/20/2026 - 05:34 PM EDT

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^*

Stewart John R

(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)
	EVP - Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/17/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/17/2026		A		6,714	A	$0	86,459⁽¹⁾	D
Common Stock	03/18/2026		F		643	D	$15.71	85,816	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Award of 6,714 shares granted on March 17, 2026 under Restricted Stock Agreement, 2,238 shares to vest on March 17, 2027, 2,238 shares to vest on March 17, 2028, and 2,238 shares to vest on March 17, 2029.

Remarks:

	/s/ John R. Stewart	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)

Source: View Original Filing on SEC EDGAR