secwatch.observer — SEC 8-K summary
======================================

Issuer:     HORIZON BANCORP INC /IN/ (HBNC)
CIK:        0000706129
Form:       8-K
Filed at:   2022-03-16T23:59:59+00:00
Accession:  0000706129-22-000035
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Horizon Bancorp accelerates vesting of restricted stock for President Jim Neff upon retirement
--------------------------------------------------------------------------------

- Compensation Committee approved accelerating vesting of 2,623 restricted shares held by President Jim Neff upon his retirement.
- Accelerated shares valued at $52,539 based on HBNC closing price of $20.03 on March 15, 2022.
- Neff will forfeit other equity awards totaling 2,177 restricted shares and 19,202 RSUs (estimated value $428,221 at target).
- Retirement effective March 31, 2022; previously disclosed in an 8-K filed on January 26, 2022.
- Company will incur no additional expense for the accelerated shares as cost was already accrued.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/706129/000070612922000035/0000706129-22-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/706129/000070612922000035/hbnc-20220315.htm
  HTML page:      https://secwatch.observer/filing/0000706129-22-000035

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer