SECOR MARK E 4

What Happened

• Mark E. Secor, Executive Vice President of Horizon Bancorp (HBNC), had 2,309 shares disposed on 2026-03-23 at $16.28 each, totaling $37,591. The Form 4 classifies the transaction as "F" (payment of exercise price or tax liability), indicating the shares were surrendered to cover taxes rather than an open-market sale.

Key Details

• Transaction date: 2026-03-23; Price per share: $16.28; Total value: $37,591.
• Shares disposed: 2,309 (reported as "Disposed" for tax withholding).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote/transaction code: F — payment of exercise price or tax liability (shares withheld to satisfy tax obligations).
• Filing: Report filed 2026-03-24 for the 2026-03-23 transaction (appears to be timely).

Context

• This appears to be a routine tax-withholding disposition (often following option exercises or vesting). Such transactions are administrative and do not necessarily signal a change in the insider’s view of the company.