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HORIZON BANCORP INC /IN/·4

Mar 2, 3:17 PM ET

Burnell Lawrence E 4

Research Summary

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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.