Horizon Bancorp (HBNC) Director Steven Reed Receives Award

What Happened
Steven W. Reed, a director of Horizon Bancorp, was granted 306 deferred stock units (DSUs) on August 26, 2026, valued at $20.45 each for a total grant value of approximately $6,258. This was an award/acquisition (Form 4 transaction code A) of a derivative instrument (DSUs), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-08-26; Form 4 filed 2026-08-27 (timely filing).
• Instrument: 306 Deferred Stock Units (derivative), $20.45 per unit, total value ≈ $6,258.
• Transaction type/code: Award/Grant (A).
• Shares owned after transaction: not disclosed in the filing.
• Footnote F1: Each DSU is the economic equivalent of one share and will be payable in cash, common stock, or a combination at the issuer’s discretion under the Directors Preferred Compensation Plan.
• Footnote F2: Ownership figures are adjusted to include shares purchased via a dividend reinvestment program since the last report.
• No 10b5-1 plan, tax-withholding sale, or sale reported in this filing.

Context
DSUs are commonly used as director compensation and represent a deferred, derivative interest (payable later in cash or stock). Such grants are routine corporate compensation and do not by themselves indicate insider buying or selling sentiment in the open market.