SECOR MARK E 4

What Happened

Mark E. Secor, Executive Vice President of Horizon Bancorp (HBNC), disposed of 250 shares on March 18, 2026. The shares were recorded at $15.71 each for a total value of $3,928. This disposition was reported as a tax-withholding/payment (transaction code F), meaning shares were surrendered to cover tax obligations rather than sold on the open market.

Key Details

• Transaction date: 2026-03-18; Filing date: 2026-03-20 (filed within the typical two-business-day Form 4 window).
• Price per share: $15.71; Total value: $3,928.
• Shares disposed: 250 (surrendered to cover taxes; coded F).
• Shares owned after transaction: Not specified in the summary filing.
• Notable footnote: Code F indicates shares were withheld or surrendered to satisfy tax withholding related to an award/option.

Context

This was a routine tax-withholding disposition (often part of option exercises or restricted stock vesting) rather than an open-market sale, so it generally does not signal a change in the insider’s view of the company. For option exercises or awards, companies commonly withhold shares to cover employee tax liabilities; such transactions are administrative and not necessarily a sentiment indicator.