Burnell Lawrence E 4
4 · HORIZON BANCORP INC /IN/ · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Horizon Bancorp (HBNC) Director Burnell Receives 2,681-Share Award
What Happened
Director Lawrence E. Burnell received an award of 2,681 deferred stock units (DSUs) on February 27, 2026. The DSUs were recorded at $16.74 each, for a total value of $44,880. This was an award/grant (derivative equity compensation), not an open-market purchase or sale.
Key Details
- Transaction date and type: 2026-02-27 — Award/Grant (derivative) of 2,681 DSUs at $16.74 each.
- Report filed: 2026-03-02 (timely filing).
- Value: 2,681 × $16.74 = $44,880 (approx).
- Shares owned after transaction: Not specified in the provided excerpt of the filing.
- Footnotes:
- F1 — Each DSU equals the economic equivalent of one common share and will be paid in cash, common stock, or a combination at the issuer’s discretion under the Directors Preferred Compensation Plan.
- F2 — Holdings were adjusted to include shares acquired via the dividend reinvestment program since the last report.
Context
DSUs are a common form of director compensation and represent a deferred, derivative claim on the company’s stock rather than an immediate open-market purchase. Such grants are routine for non-employee directors and do not, by themselves, indicate the director is buying or selling stock in the open market.
Insider Transaction Report
Form 4
Burnell Lawrence E
Director
Transactions
- Award
Deferred Stock Units
[F1][F2]2026-02-27$16.74/sh+2,681$44,880→ 23,531 total→ Common Stock (2,681 underlying)
Holdings
- 28,851(indirect: By Trust)
Common Stock
- 9,484
Common Stock
Footnotes (2)
- [F1]Each Deferred Stock Unit ("DSU") is the economic equivalent of one share of common stock. The DSUs become payable, in cash or common stock or a combination of the two, at the discretion of the Issuer upon the conditions described in the Issuer's Directors Preferred Compensation Plan.
- [F2]Adjusted to include shares purchased pursuant to a dividend reinvestment program since the date of the reporting person's last ownership report.
Signature
/s/ Mark E. Secor, as Attorney-in-Fact for Lawrence E. Burnell|2026-03-02