---
schema_version: "secwatch.filing_event.v1"
accession: "0000706129-25-000073"
form_type: "8-K"
ticker: "HBNC"
cik: "0000706129"
company_name: "HORIZON BANCORP INC /IN/"
filed_at: "2025-04-17T23:59:59+00:00"
generated_at: "2026-05-23T12:38:16.366317+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Horizon Bancorp amends restricted stock award agreements; extends vesting for executives to three-year ratable

## Summary
- Compensation Committee approved amended forms for performance-based and time-based restricted stock under 2021 Omnibus Equity Incentive Plan.
- Time-based vesting changed from single anniversary cliff to equal installments over three years; fractional shares rounded down on first two dates.
- Outstanding grants to six named executive officers totaling 38,797 shares (e.g., Prame 19,107, DeRuiter 3,525) amended to conform to new three-year schedule.
- Performance-based awards now use three-year performance period with core ROAA and TSR goals (50% each); payout 0%–150% based on target benchmarks.
- Amendments effective April 15, 2025; apply to future awards and certain March 18, 2025 grants retroactively.

## SEC filing metadata
- accession: 0000706129-25-000073
- form_type: 8-K
- ticker: HBNC
- cik: 0000706129
- company_name: HORIZON BANCORP INC /IN/
- filed_at: 2025-04-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/706129/000070612925000073/0000706129-25-000073-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/706129/000070612925000073/hbnc-20250415.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000706129-25-000073
- JSON: https://secwatch.observer/filing/0000706129-25-000073.json
- Plain text: https://secwatch.observer/filing/0000706129-25-000073.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.