Prame Thomas M 4

What Happened

• Thomas M. Prame, CEO of Horizon Bancorp, was granted 14,159 restricted shares on March 17, 2026 (transaction code A). The next day, 2,355 shares were surrendered/withheld to satisfy tax withholding at $15.71 per share, a withholding value of $36,997 (transaction code F). Net newly issued shares to Prame = 14,159 − 2,355 = 11,804.

Key Details

• Grant date: March 17, 2026 — 14,159 shares issued (grant / award, code A).
• Tax withholding: March 18, 2026 — 2,355 shares withheld/disposed at $15.71/share, total ~$36,997 (code F).
• Shares owned after the transactions: not specified in the filing.
• Footnote: Awarded shares are restricted and vest in three annual tranches — 4,719 shares vest 3/17/2027, 4,719 on 3/17/2028, and 4,721 on 3/17/2029.
• Filing: Form 4 filed March 20, 2026 reporting the March 17 transaction; the filing does not indicate a late filing flag.

Context

• This was a restricted stock award (compensation), not an open‑market purchase or sale. The subsequent disposition (code F) reflects share withholding to cover tax obligations — a routine administrative step, not an active sale by the insider for investment reasons.
• Because these are time‑vesting restricted shares, they will only become fully owned as they vest per the schedule above.