Horizon Bancorp (HBNC) Director Burnell Receives 306-Share Award

What Happened
Burnell Lawrence E, a director of Horizon Bancorp, was granted 306 deferred stock units (DSUs) on 2026-08-26. The award is recorded at a per-unit value of $20.45, totaling $6,258. This was an award/compensation grant (not an open-market purchase or sale).

Key Details

• Transaction type: Award/Grant (code A) — derivative (Deferred Stock Units).
• Transaction date: 2026-08-26; Form 4 filed 2026-08-27 (timely).
• Price/value: 306 units @ $20.45 = $6,258 total.
• Shares owned after transaction: not disclosed in the filing.
• Footnote: Each DSU equals the economic value of one common share and will be paid in cash, common stock, or a combination at the issuer’s discretion per the Directors Preferred Compensation Plan.
• No indication of a 10b5-1 plan, sale, gift, or tax withholding in this filing.

Context
Deferred stock units are a form of director compensation that pay out later (in cash and/or stock) according to plan rules, so this award reflects routine compensation rather than an immediate market purchase or sale. Such grants compensate service and do not by themselves indicate the insider is buying or selling shares on the open market.