MAGNESEN LARRY S 4

What Happened

• Larry S. Magnesen, a director of Horizon Bancorp Inc. (HBNC), was granted/received 2,662 shares on February 27, 2026. The reported acquisition price is $16.90 per share, for a total value of $44,988. This transaction is an award/grant (SEC transaction code "A"), i.e., an issuance or compensation-related acquisition rather than an open-market purchase.

Key Details

• Transaction date: 2026-02-27; Price: $16.90 per share; Total value: $44,988.
• Transaction type/code: Award/Grant (A) — acquisition through compensation/award.
• Shares owned following the transaction: not specified in the provided filing excerpt.
• Footnotes/other plan info: none disclosed in the provided data (no 10b5‑1 plan, tax‑withholding, or cashless sale noted).
• Filing: Report filed with the SEC on 2026-03-02. The filing does not indicate a late‑filing flag.

Context

• Awards to directors are typically part of regular compensation packages (board fees, equity grants) and do not necessarily reflect immediate personal buying or selling intent. The transaction increases Magnesen’s stake by a modest amount ($44.9K) but should be viewed primarily as compensation unless additional information indicates otherwise.