Samuels Michele Annette 4

What Happened

Michele Annette Samuels, a director of HORIZON BANCORP INC /IN/ (HBNC), was granted 2,662 shares on February 27, 2026. The grant is reported at $16.90 per share for a total value of $44,988. The Form 4 classifies the transaction as an award/grant (transaction code A), i.e., an acquisition through compensation rather than an open-market purchase.

Key Details

• Transaction date: 2026-02-27
• Transaction type/code: Award/Grant (A) — 2,662 shares acquired
• Price reported: $16.90 per share; total value $44,988
• Shares owned after transaction: Not specified in the provided filing excerpt
• Filing date: 2026-03-02 — filed within the normal Form 4 reporting window (timely)
• No footnotes indicating a 10b5-1 plan, tax-withholding sale, or immediate sale were provided in the excerpt

Context

Grants to directors are typically part of compensation or equity-retention programs and are not the same as open-market purchases by insiders. Such awards provide alignment with shareholders but don’t necessarily indicate the director is making a personal investment decision. Purchases (code P) tend to be more directly interpreted as bullish signals than awards.