Horizon Bancorp director granted 332 deferred units
Burnell Lawrence E reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
Burnell Lawrence E reported acquisition or exercise transactions in this Form 4 filing.
Horizon Bancorp director Lawrence E. Burnell received a grant of 332 Deferred Stock Units on Common Stock, each at an economic value of $19.79 per unit. Following this award, he holds 23,863 Deferred Stock Units directly, 9,484 common shares directly, and 28,851 common shares indirectly through a trust.
Insider Trade Summary
Grant/Award: 332 shares
Grant/Award
3 txns
Insider
Burnell Lawrence E
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 332 | $19.79 | $7K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Deferred Stock Units — 23,863 contracts (Direct);
Common Stock — 28,851 shares (Indirect, By Trust);
Common Stock — 9,484 shares (Direct)
Footnotes (2)
- 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.
- 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
Economic value per DSU: $19.79 per unit
Deferred Stock Units after grant: 23,863 units
+2 more
5 metrics
Deferred Stock Units granted
332 units
Grant on 2026-07-06, economic value per unit $19.79
Economic value per DSU
$19.79 per unit
Deferred Stock Units tied to common stock
Deferred Stock Units after grant
23,863 units
Total DSUs directly held following transaction
Direct common shares
9,484 shares
Common Stock directly held following transaction
Indirect common shares by trust
28,851 shares
Common Stock indirectly held through a trust
Key Terms
Deferred Stock Units, Directors Preferred Compensation Plan, dividend reinvestment program, indirect ownership
4 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.
Directors Preferred Compensation Plan financial
"described in the Issuer's Directors Preferred Compensation Plan."
dividend reinvestment program financial
"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.
indirect ownership financial
"total_shares_following_transaction": "28851.0000", "direct_or_indirect": "I", "nature_of_ownership": "By Trust""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Lawrence E. Burnell report at HBNC?
Lawrence E. Burnell reported receiving a grant of 332 Deferred Stock Units tied to Horizon Bancorp common stock. These units were awarded at an economic value of $19.79 each as part of director compensation, increasing his overall deferred equity position in the company.
How many Deferred Stock Units does Burnell hold after this HBNC Form 4?
After the reported grant, Burnell holds 23,863 Deferred Stock Units directly. Each Deferred Stock Unit is the economic equivalent of one Horizon Bancorp common share and becomes payable in cash, stock, or a combination under the company’s Directors Preferred Compensation Plan.
What does each Deferred Stock Unit represent for Horizon Bancorp (HBNC)?
Each Deferred Stock Unit is the economic equivalent of one Horizon Bancorp common share. The units are payable in cash, common stock, or a combination, at the issuer’s discretion, under conditions set out in the Directors Preferred Compensation Plan for members of the board.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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