Horizon Bancorp (HBNC) Director Michele Magnuson Receives Award

What Happened Michele M. Magnuson, a director of Horizon Bancorp, received an award of 306 shares on August 26, 2026. The reported acquisition price per share was $20.45, for a total value of approximately $6,258. The transaction is coded as an award/grant (A) rather than an open‑market purchase.

Key Details

• Transaction date: 2026-08-26; Filing date: 2026-08-27 (timely filing)
• Shares acquired: 306 at $20.45 per share
• Total reported value: $6,258 (306 × $20.45)
• Transaction code: A (award/grant)
• Shares owned after the transaction: not specified in the provided filing excerpt
• No 10b5-1 plan, tax‑withholding, or other footnotes were noted in the supplied details

Context An "A" code award typically reflects compensation or a board/director equity grant rather than a market buy or sale. Such awards are common for directors and do not, by themselves, indicate personal buying/selling sentiment. Retail investors often view outright open‑market purchases as a stronger signal than compensation awards.