Horizon Bancorp (HBNC) EVP Kathie DeRuiter Sells 1,711 Shares

What Happened Kathie A. DeRuiter, Executive Vice President of Horizon Bancorp (HBNC), disposed of 1,711 shares on 2026-03-23 as payment of a tax liability (transaction code F). The shares were reported at $16.28 each for a total of $27,855. This was a withholding/disposition to cover taxes rather than an open-market sale.

Key Details

• Transaction date: 2026-03-23
• Price per share: $16.28; shares disposed: 1,711; total value reported: $27,855
• Transaction code: F (payment of exercise price or tax liability — shares withheld to cover taxes)
• Shares owned after the transaction: not disclosed in the provided filing excerpt
• Filing date: 2026-03-24 (filed the next day); no late-filing indication in the provided information

Context A code F disposition typically means shares were withheld to satisfy tax withholding obligations following an equity award vesting or option exercise. This is a routine administrative transaction and does not necessarily signal a change in the insider’s view of the company.