Stewart John R 4

What Happened
John R. Stewart, Chief Financial Officer of Horizon Bancorp (HBNC), received a grant of 6,714 restricted shares on March 17, 2026 (transaction code A). The award is recorded at $0.00 per share (value reported as $0 for acquisition). On March 18, 2026, 643 shares were disposed (transaction code F) to satisfy tax withholding obligations at $15.71 per share, totaling roughly $10,102.

Key Details

• Transaction dates: Grant on 2026-03-17 (A); tax withholding on 2026-03-18 (F).
• Grant amount: 6,714 restricted shares granted at $0.00 per share.
• Tax withholding: 643 shares withheld/disposed at $15.71 each; total ≈ $10,102.
• Vesting schedule (footnote): Award vests in three equal installments — 2,238 shares on each of Mar 17, 2027; Mar 17, 2028; and Mar 17, 2029.
• Shares owned after the transactions: Not disclosed on this Form 4.
• Filing: Form 4 filed on 2026-03-20 reporting the Mar 17–18 transactions; the filing does not indicate a late filing code.

Context
This was a restricted stock award, not an open-market purchase or sale. The withholding of 643 shares (code F) is a routine tax withholding to cover tax liabilities arising from the grant and does not necessarily indicate a discretionary sale. Restricted shares vest over future dates per the schedule above, so the award conveys future compensation subject to vesting conditions.