Ahern Kevin 4

What Happened

• Kevin Ahern, a director of Horizon Bancorp, was granted 2,681 Deferred Stock Units (DSUs) on February 27, 2026. The grant is reported at a per-unit value of $16.74, for a total reported value of $44,880. This is an award/compensation transaction (not an open-market purchase or sale).

Key Details

• Transaction date and value: 2,681 DSUs @ $16.74 per unit, total $44,880 (reported Feb 27, 2026).
• Type: Award/Grant of derivative securities (Deferred Stock Units).
• Shares owned after the transaction: Not specified in the filing.
• Footnotes:
  • F1: Each DSU equals the economic equivalent of one share and will be payable in cash, common stock, or a combination at the issuer’s discretion under the Directors Preferred Compensation Plan.
  • F2: Ownership figures in the filing were adjusted to include shares purchased via a dividend reinvestment program since the reporter’s last filing.
• Filing timeliness: Form 4 was filed on March 2, 2026; the filing does not indicate a late-report flag.

Context

• DSUs are a form of deferred compensation for directors: they represent an economic interest that will be settled later (often upon departure or per plan rules) and are different from immediate open-market purchases or sales. Such grants are common as part of director pay and do not by themselves indicate a change in the director’s market view.