Kerber Lynn 4

What Happened

• Lynn Kerber, Executive Vice President & Chief Consumer Banking Officer of Horizon Bancorp (HBNC), had 1,869 shares disposed on March 23, 2026 as a tax/payment withholding. The shares were valued at $16.28 each, totaling approximately $30,427. This was a withholding to satisfy tax obligations (routine), not an open-market sale.

Key Details

• Transaction date and price: 2026-03-23 — 1,869 shares @ $16.28 per share (total ≈ $30,427).
• Transaction type/code: F — Payment of exercise price or tax liability (shares withheld).
• Shares owned after transaction: Not specified in the Form 4 filing.
• Filing: Reported on Form 4 filed 2026-03-24 (timely).
• Notes: The filing lists the shares as "disposed" to cover tax liabilities rather than a market sale.

Context

• Tax withholding is a common, administrative disposition when an option exercise or restricted stock vesting creates a tax bill; shares are surrendered to cover that obligation. This is not the same as an open-market sale and does not necessarily indicate a change in the insider’s view of the company.