HBNC Form 4: John R. Stewart Purchases 1,724 Shares
Rhea-AI Filing Summary
Horizon Bancorp insider purchase: John R. Stewart, listed as an officer (EVP & Chief Financial Officer), reported purchasing 1,724 shares of Horizon Bancorp (HBNC) on 08/22/2025 at $14.50 per share. After the transaction he beneficially owned 79,745 shares, held directly. The Form 4 was signed by an attorney-in-fact on 08/25/2025. The filing discloses a routine non-derivative acquisition by an executive.
Positive
- Officer purchase reported showing insider acquisition of 1,724 shares at $14.50
- Post-transaction ownership disclosed: 79,745 shares held directly
Negative
- None.
Insights
TL;DR: Executive purchased a small block of shares, indicating a routine insider buy rather than a material corporate event.
The Form 4 shows a purchase of 1,724 common shares at $14.50 each, bringing direct ownership to 79,745 shares. The transaction is non-derivative and executed on 08/22/2025. From a financial perspective this is a straightforward disclosure of insider activity; there are no accompanying metrics, compensation changes, or company-level events disclosed in this filing to suggest a material impact on HBNC's financials.
TL;DR: Routine insider reporting complying with Section 16; nothing in the filing suggests governance concerns.
The filing properly reports the officer's purchase and beneficial ownership update. It is signed by an attorney-in-fact and contains required details: transaction date, price, share count, and post-transaction ownership. There are no indications of derivative transactions, options exercises, or contract-plan language in this Form 4 that would raise governance flags.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 1,724 | $14.50 | $25K |