---
schema_version: "secwatch.filing_event.v1"
accession: "0000706129-25-000075"
form_type: "8-K/A"
ticker: "HBNC"
cik: "0000706129"
company_name: "HORIZON BANCORP INC /IN/"
filed_at: "2025-04-17T23:59:59+00:00"
generated_at: "2026-05-23T12:38:07.126483+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000706129-25-000075
- form_type: 8-K/A
- 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: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/706129/000070612925000075/0000706129-25-000075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/706129/000070612925000075/hbnc-20250415.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000706129-25-000075
- JSON: https://secwatch.observer/filing/0000706129-25-000075.json
- Plain text: https://secwatch.observer/filing/0000706129-25-000075.txt

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