Ahern Kevin 4

What Happened

• Kevin Ahern, a director of Horizon Bancorp, received an award of 322 Deferred Stock Units (DSUs) on July 6, 2026. The DSUs were valued at $19.79 each, for a total reported value of approximately $6,372. This transaction is an award/compensation grant (derivative), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-06; Form 4 filed: 2026-07-07.
• Transaction code: A (Award/Grant) — 322 DSUs acquired.
• Valuation: $19.79 per share; total value ≈ $6,372.
• Instrument: Derivative (Deferred Stock Units). Per footnote, each DSU equals the economic equivalent of one common share and will be paid in cash, common stock, or a combination at the issuer’s discretion under the Directors Preferred Compensation Plan (F1).
• Shares owned after transaction: Not specified in this filing.
• Footnote F2: Holdings were adjusted to include shares purchased via a dividend reinvestment program since the reporter’s last ownership report.
• Timeliness: Filing appears timely (filed the business day after the transaction); no late filing indicated.

Context

• DSUs are a common form of director compensation that provide economic exposure to the company’s stock but typically convert to cash or shares at a later date; they are not an immediate open-market purchase. Such awards reflect routine board compensation rather than an indicator of near-term trading intent.