Director Kevin Ahern at Horizon Bancorp (HBNC) granted 2,681 units

Rhea-AI Filing Summary

Horizon Bancorp director Kevin Ahern reported an award of 2,681 Deferred Stock Units on February 27, 2026. Each deferred stock unit is the economic equivalent of one share of common stock and will be paid in cash, stock, or a combination, at Horizon Bancorp’s discretion under its Directors Preferred Compensation Plan.

After this grant, Ahern directly holds 8,811 deferred stock units. He also directly owns 16,896 shares of common stock, a figure that has been adjusted to include shares acquired through a dividend reinvestment program since his last ownership report.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Ahern Kevin

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock Units	2,681	$16.74	$45K
holding	Common Stock	--	--	--

Holdings After Transaction: Deferred Stock Units — 8,811 shares (Direct); Common Stock — 16,896 shares (Direct)

Footnotes (1)

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.

Form 4 Insider Transactions: What Each Field Means →

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^*

Ahern Kevin

(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								16,896	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)	02/27/2026		A		2,681		(1)	(1)	Common Stock	2,681	$16.74	8,811(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/ Mark E. Secor, as Attorney-in-Fact for Kevin W. Ahern	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 insider transaction did HBNC director Kevin Ahern report on this Form 4?

Kevin Ahern reported receiving an award of 2,681 Deferred Stock Units on February 27, 2026. These units represent deferred compensation linked to Horizon Bancorp’s common stock, rather than an open-market stock purchase or sale.

How many Deferred Stock Units does Kevin Ahern hold in Horizon Bancorp (HBNC) after this filing?

Following the award, Kevin Ahern directly holds 8,811 Deferred Stock Units. Each unit is economically equivalent to one share of common stock, providing stock-linked value under Horizon Bancorp’s Directors Preferred Compensation Plan.

How many Horizon Bancorp (HBNC) common shares does Kevin Ahern directly own after this report?

Kevin Ahern directly owns 16,896 shares of Horizon Bancorp common stock after the reported transactions. This amount has been adjusted to include additional shares acquired through a dividend reinvestment program since his prior ownership filing.

What is a Deferred Stock Unit in the context of Horizon Bancorp (HBNC)?

A Deferred Stock Unit is a form of compensation that is economically equivalent to one Horizon Bancorp common share. It will be settled later in cash, stock, or both, as described in the company’s Directors Preferred Compensation Plan.

How and when will Kevin Ahern’s Deferred Stock Units from Horizon Bancorp (HBNC) be paid?

The Deferred Stock Units will become payable in cash, common stock, or a combination of both at Horizon Bancorp’s discretion. Payment timing and conditions are governed by the company’s Directors Preferred Compensation Plan for directors.

Did Kevin Ahern buy or sell Horizon Bancorp (HBNC) shares on the market in this Form 4?

The Form 4 shows a grant or award acquisition of 2,681 Deferred Stock Units, not an open-market stock trade. Common share ownership was updated mainly to reflect dividend reinvestment program purchases since his last ownership report.