Etzler Todd A. 4

What Happened
Todd A. Etzler, Executive Vice President and General Counsel of Horizon Bancorp (HBNC), was granted 3,020 restricted shares on March 17, 2026 (reported as an award, code A) at $0.00. The award vests in three installments: 1,006 shares on 3/17/2027, 1,006 shares on 3/17/2028, and 1,008 shares on 3/17/2029 (footnote F2). On March 18, 2026, 292 shares were disposed/withheld to cover tax liability at $15.71 per share, totaling $4,587 (transaction code F).

Key Details

• Award date: 2026-03-17 — 3,020 restricted shares granted (no cash paid).
• Tax withholding: 2026-03-18 — 292 shares withheld/disposed at $15.71 each = $4,587.
• Vesting schedule (per footnote F2): 1,006 shares vest 3/17/2027; 1,006 on 3/17/2028; 1,008 on 3/17/2029.
• Footnotes: F1/F3 note adjustments to include shares from dividend reinvestment and benefit-plan allocations since the last report.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Filing date: 2026-03-20. The March 17 award appears to have been reported one business day after the two-business-day reporting window (filed 3/20), while the March 18 withholding was reported within two business days.

Context
This was a restricted stock award (not an open-market purchase) and the subsequent 292-share disposition reflects tax withholding — a routine administrative step rather than a market sale. Restricted shares vest over time, so the full economic benefit is subject to future vesting dates.