Horizon Bancorp (HBNC) EVP receives 3,604-share grant and tax withholding adjustment

Rhea-AI Filing Summary

Horizon Bancorp Executive Vice President Kathie A. DeRuiter reported routine equity compensation activity and related tax withholding. On March 17, 2026, she received a grant of 3,604 shares of common stock at no cost, under a restricted stock agreement. According to the footnote, 1,201 shares are scheduled to vest on March 17, 2027, another 1,201 on March 17, 2028, and 1,202 on March 17, 2029. On March 18, 2026, 339 shares were disposed of at $15.71 per share to satisfy tax obligations, a non‑market transaction. Following these events, she held 60,057 shares directly, and 28,577 shares indirectly through a thrift plan account.

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^*

DeRuiter Kathie A

(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)
03/17/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/17/2026		A		3,604	A	$0	60,396(1)	D
Common Stock	03/18/2026		F		339	D	$15.71	60,057	D
Common Stock								28,577(2)	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:

1. Award of 3,604 shares granted on March 17, 2026 under Restricted Stock Agreement, 1,201 shares to vest on March 17, 2027, 1,201 shares to vest on March 17, 2028, and 1,202 shares to vest on March 17, 2029.

2. Adjusted to reflect additional shares allocated to the reporting person's benefit plan account after the date of the reporting person's last ownership report.

Remarks:

	/s/ John R. Stewart, as Attorney-in-Fact for Kathie A. DeRuiter	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 transactions did HBNC executive Kathie DeRuiter report on this Form 4?

Kathie DeRuiter reported a grant of 3,604 Horizon Bancorp common shares on March 17, 2026 and a 339‑share tax‑withholding disposition on March 18, 2026. Both are routine compensation and tax events, not open‑market purchases or sales.

How many Horizon Bancorp (HBNC) shares did Kathie DeRuiter receive in the latest grant?

She received 3,604 shares of Horizon Bancorp common stock as a grant at no cost on March 17, 2026. The restricted stock award is scheduled to vest in three annual installments through March 17, 2029, subject to the vesting terms.

What is the vesting schedule for Kathie DeRuiter’s 3,604 HBNC restricted shares?

The 3,604 restricted shares vest over three years: 1,201 shares on March 17, 2027, 1,201 shares on March 17, 2028, and 1,202 shares on March 17, 2029. Vesting timing spreads the compensation impact across multiple years.

Was the 339‑share HBNC disposition by Kathie DeRuiter an open‑market sale?

No. The 339‑share disposition at $15.71 per share was a tax‑withholding transaction to cover tax obligations on equity compensation. It was not an open‑market sale and does not reflect a discretionary stock sale decision.

How many Horizon Bancorp shares does Kathie DeRuiter hold after these transactions?

After the reported transactions, she held 60,057 HBNC shares directly. She also had 28,577 shares held indirectly through a thrift plan account, reflecting total reported exposure split between direct ownership and an employee benefit plan.

What does the thrift plan entry mean in Kathie DeRuiter’s HBNC Form 4?

The thrift plan entry shows 28,577 HBNC shares held indirectly for her benefit in a plan account. A footnote explains this balance was adjusted for additional shares allocated since her last ownership report, indicating routine benefit plan accounting updates.