Magnuson Michele M. 4

What Happened
Michele M. Magnuson, a director of Horizon Bancorp Inc. (HBNC), was awarded 2,662 shares on February 27, 2026. The award price is reported at $16.90 per share, for a total value of approximately $44,988. This transaction is an award/grant (Form 4 code "A"), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-27
• Transaction type/code: Award/Grant (A)
• Shares acquired: 2,662
• Price per share: $16.90
• Total reported value: $44,988 (2,662 × $16.90)
• Shares owned after transaction: Not specified in this filing
• Footnotes/plan details: None disclosed on the Form 4 (no 10b5-1, tax withholding, or cashless-sale notes)
• Filing date: 2026-03-02 — filed within the standard two-business-day window (timely)

Context
An award/grant typically reflects compensation (e.g., restricted stock or similar equity awards) rather than a purchase driven by the insider’s market view. Such awards may be subject to vesting or other conditions; the Form 4 here reports the grant itself but does not detail vesting terms. This transaction is informational for investors but does not necessarily signal active buying or selling by the director.