Horizon Bancorp Director Larry S. Magnesen Receives 306-Share Award

What Happened

• Larry S. Magnesen, a director of Horizon Bancorp Inc. (HBNC), was granted 306 shares as an award (transaction code A) on August 26, 2026. The report lists an acquisition price of $20.45 per share for a total value of $6,258 (reported as $6,258).

Key Details

• Transaction date: 2026-08-26; Filing date: 2026-08-27 (filed the next day).
• Price per share: $20.45; Shares acquired: 306; Reported total value: $6,258.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Notable footnotes: None reported (no 10b5-1 plan, tax-withholding, or cashless-sale notes in the filing).
• Timeliness: Filing appears timely (filed one day after the transaction).

Context

• Transaction code A indicates an award or grant (commonly a compensation-related equity award). Such awards represent an acquisition of shares but are typically part of director or employee compensation and may be subject to vesting or other conditions; they do not necessarily reflect an open-market purchase decision.