Horizon Bancorp amends restricted stock awards; executive vesting shifted to three-year ratable schedule

HORIZON BANCORP INC /IN/

Performance-based restricted stock now uses a three-year performance period; goals weighted 50% Core ROA vs. peers and 50% TSR vs. Nasdaq Bank Index.
Payout ranges from 0% to 150% of target based on weighted performance results.
Time-based restricted stock vesting changed from single anniversary to equal one-third vesting over three years.
Outstanding March 18, 2025 awards to six NEOs (e.g., CEO Prame 19,107 shares) amended to new three-year schedule, effective retroactively.
Amended forms govern grants made after April 15, 2025; no changes to the overall 2021 Omnibus Equity Incentive Plan.

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