Prame Thomas M 4

What Happened

Thomas M. Prame, CEO of Horizon Bancorp (HBNC), had 4,345 shares withheld to satisfy a tax liability (transaction code F). The shares were valued at $16.28 each, for a total disposition of approximately $70,737. This was a tax-withholding/settlement action tied to equity compensation, not an open-market sale.

Key Details

• Transaction date: 2026-03-23; filing date: 2026-03-24 (timely filing).
• Shares withheld/disposed: 4,345 at $16.28 per share — total ~$70,737.
• Transaction code: F — payment of exercise price or tax liability by delivering or withholding securities.
• Shares owned after transaction: Not specified in the filing.
• Not an open-market sale; typical tax withholding associated with option exercises or vested awards.

Context

Withholding shares to cover taxes is a routine administrative step when executives exercise options or receive vested awards and does not by itself signal a buy or sell conviction. For investors, purchases are often more informative than withholding disposals; this transaction primarily reflects tax settlement of equity compensation.