Horizon Bancorp, Inc.
US ˙ NasdaqGS ˙ US4404071049

Introduction

This page provides a comprehensive analysis of the known insider trading history of Craig M Dwight. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

See the list of most profitable insider traders.

Companies with Reported Insider Positions

The SEC filings indicate Craig M Dwight has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:HBNC / Horizon Bancorp, Inc. Director 463,620
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Craig M Dwight. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases HBNC / Horizon Bancorp, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in HBNC / Horizon Bancorp, Inc.. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares
Reported
Price
Adjusted
Shares
Adjusted
Price
Cost Basis Days to
Max
Price at
Max
Max
Profit ($)
Max Return (%)
2022-11-02 HBNC DWIGHT CRAIG M 2,000 15.0800 2,000 15.0800 30,160 93 16.3200 2,480 8.22

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

HBNC / Horizon Bancorp, Inc. Insider Trades
Insider Sales HBNC / Horizon Bancorp, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in HBNC / Horizon Bancorp, Inc.. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares
Reported
Price
Adjusted
Shares
Adjusted
Price
Cost Basis Days to
Min
Price at
Min
Max Loss
Avoided ($)
Max Loss
Avoided (%)
2025-02-19 HBNC DWIGHT CRAIG M 10,000 17.1400 10,000 17.1400 171,400 51 12.9200 -42,200 -24.62
2021-02-23 HBNC DWIGHT CRAIG M 10,291 18.5000 10,291 18.5000 190,384
2018-05-30 HBNC DWIGHT CRAIG M 2,250 31.3500 3,375 20.9000 70,538
2018-05-10 HBNC DWIGHT CRAIG M 2,596 29.8400 3,894 19.8933 77,465
2018-05-10 HBNC DWIGHT CRAIG M 6,884 29.8400 10,326 19.8933 205,419
2018-05-09 HBNC DWIGHT CRAIG M 1,907 29.8700 2,860 19.9133 56,962
2017-11-21 HBNC DWIGHT CRAIG M 3,598 27.1900 5,397 18.1267 97,830
2017-11-21 HBNC DWIGHT CRAIG M 9,006 27.1900 13,509 18.1267 244,873
2017-11-21 HBNC DWIGHT CRAIG M 6,836 27.1900 10,254 18.1267 185,871
2017-11-06 HBNC DWIGHT CRAIG M 3,200 27.0600 4,800 18.0400 86,592
2017-11-03 HBNC DWIGHT CRAIG M 736 27.3800 1,104 18.2533 20,152
2017-11-03 HBNC DWIGHT CRAIG M 736 27.3800 1,104 18.2533 20,152
2017-11-02 HBNC DWIGHT CRAIG M 11,779 27.4200 17,668 18.2800 322,980
2017-11-02 HBNC DWIGHT CRAIG M 2,850 27.4200 4,275 18.2800 78,147
2017-11-02 HBNC DWIGHT CRAIG M 11,779 27.4200 17,668 18.2800 322,980
2017-11-02 HBNC DWIGHT CRAIG M 2,850 27.4200 4,275 18.2800 78,147
2016-12-08 HBNC DWIGHT CRAIG M 10,000 25.9300 15,000 17.2867 259,300
2016-12-08 HBNC DWIGHT CRAIG M 10,000 25.9300 15,000 17.2867 259,300
2016-06-01 HBNC DWIGHT CRAIG M 10,000 24.6700 15,000 16.4467 246,700
2015-06-03 HBNC DWIGHT CRAIG M 10,657 23.9500 15,986 15.9667 255,235
2015-06-02 HBNC DWIGHT CRAIG M 5,040 24.0000 7,560 16.0000 120,960
2014-05-29 HBNC DWIGHT CRAIG M 946 21.9300 1,419 14.6200 20,746
2014-05-29 HBNC DWIGHT CRAIG M 947 21.9300 1,420 14.6200 20,768
2012-11-06 HBNC DWIGHT CRAIG M 5,500 28.7200 8,250 19.1467 157,960
2012-11-02 HBNC DWIGHT CRAIG M 1,000 28.7700 1,500 19.1800 28,770
2012-10-31 HBNC DWIGHT CRAIG M 10,500 29.0000 15,750 19.3333 304,500
2012-10-31 HBNC DWIGHT CRAIG M 1,500 29.0500 2,250 19.3667 43,575
2012-10-25 HBNC DWIGHT CRAIG M 13,000 29.0762 19,500 19.3841 377,991
2012-09-25 HBNC DWIGHT CRAIG M 3,287 19.0800 4,930 12.7200 62,716

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

HBNC / Horizon Bancorp, Inc. Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Craig M Dwight as disclosed to the Securities Exchange Commission (SEC).

File Date Tran Date Form Ticker Security Code 10b5-1 Shares Remaining Shares Percent
Change
Share
Price
Tran
Value
Remaining
Value
2025-03-18 2025-03-15 4 HBNC HORIZON BANCORP INC /IN/
Common Stock
F - Taxes -1,856 463,620 -0.40
2025-03-18 2025-03-15 4 HBNC HORIZON BANCORP INC /IN/
Common Stock
A - Award 4,193 465,476 0.91
2025-03-18 2025-03-15 4 HBNC HORIZON BANCORP INC /IN/
Common Stock
F - Taxes -1,856 461,283 -0.40 15.63 -29,009 7,209,853
2025-02-20 2025-02-19 4 HBNC HORIZON BANCORP INC /IN/
Common Stock
S - Sale -10,000 463,139 -2.11 17.14 -171,400 7,938,202
2024-05-03 2024-05-01 4 HBNC HORIZON BANCORP INC /IN/
Common Stock
A - Award 3,321 473,139 0.71 11.99 39,819 5,672,937
2024-03-25 2024-03-21 4 HBNC HORIZON BANCORP INC /IN/
Common Stock
F - Taxes -10,737 469,818 -2.23 12.66 -135,930 5,947,896
2024-03-20 2024-03-19 4 HBNC HORIZON BANCORP INC /IN/
Common Stock
F - Taxes -4,685 480,555 -0.97
2024-03-20 2024-03-19 4 HBNC HORIZON BANCORP INC /IN/
Common Stock
A - Award 11,274 485,240 2.38
2024-03-20 2024-03-18 4 HBNC HORIZON BANCORP INC /IN/
Common Stock
F - Taxes -1,041 473,966 -0.22 11.85 -12,336 5,616,497
2023-03-23 2023-03-21 4 HBNC HORIZON BANCORP INC /IN/
Common Stock
A - Award 37,215 475,007 8.50
2023-03-23 2023-03-21 4 HBNC HORIZON BANCORP INC /IN/
Common Stock
A - Award 18,388 437,792 4.38
2023-03-23 2023-03-21 4 HBNC HORIZON BANCORP INC /IN/
Common Stock
F - Taxes -10,309 419,404 -2.40
2023-03-23 2023-03-21 4 HBNC HORIZON BANCORP INC /IN/
Common Stock
A - Award 24,037 429,713 5.93
2023-03-21 2023-03-17 4 HBNC HORIZON BANCORP INC /IN/
Common Stock
F - Taxes -1,919 405,676 -0.47 11.03 -21,167 4,474,606
2022-11-03 2022-11-02 4 HBNC HORIZON BANCORP INC /IN/
Common Stock
P - Purchase 2,000 367,703 0.55 15.08 30,160 5,544,961
2022-03-17 2022-03-15 4 HBNC HORIZON BANCORP INC /IN/
Common Stock
A - Award 4,193 365,703 1.16
2021-03-18 2021-03-16 4 HBNC HORIZON BANCORP INC /IN/
Common Stock
A - Award 2,967 243,579 1.23
2021-02-24 2021-02-23 4 HBNC HORIZON BANCORP INC /IN/
Stock Options
M - Exercise 0 0
2021-02-24 2021-02-23 4 HBNC HORIZON BANCORP INC /IN/
Common Stock
S - Sale -10,291 240,612 -4.10 18.50 -190,384 4,451,322
2021-02-24 2021-02-23 4 HBNC HORIZON BANCORP INC /IN/
Common Stock
M - Exercise 10,291 250,903 4.28 18.50 190,384 4,641,706
2020-10-05 2020-10-05 4 HBNC HORIZON BANCORP INC /IN/
Common Stock
W - Other 885 240,612 0.37
2020-03-19 2020-03-17 4 HBNC HORIZON BANCORP INC /IN/
Common Stock
F - Taxes -6,453 239,727 -2.62 10.47 -67,563 2,509,942
2020-03-19 2020-03-17 4 HBNC HORIZON BANCORP INC /IN/
Common Stock
A - Award 20,359 246,180 9.02
2019-03-21 2019-03-19 4 HBNC HORIZON BANCORP INC /IN/
Stock Options
A - Award 11,261 11,261
2019-03-21 2019-03-19 4 HBNC HORIZON BANCORP INC /IN/
Common Stock
F - Taxes -1,524 225,821 -0.67 16.74 -25,512 3,780,244
2019-03-21 2019-03-19 4 HBNC HORIZON BANCORP INC /IN/
Common Stock
A - Award 3,852 227,345 1.72
2018-05-30 2018-05-30 4 HBNC HORIZON BANCORP INC /IN/
Common Stock
S - Sale -2,250 148,996 -1.49 31.35 -70,538 4,671,025
2018-05-11 2018-05-10 4 HBNC HORIZON BANCORP INC /IN/
Employee Stock Option
M - Exercise -6,884 0 -100.00
2018-05-11 2018-05-10 4 HBNC HORIZON BANCORP INC /IN/
Employee Stock Option
M - Exercise -2,596 0 -100.00
2018-05-11 2018-05-10 4 HBNC HORIZON BANCORP INC /IN/
Common Stock
S - Sale -6,884 151,246 -4.35 29.84 -205,419 4,513,181
2018-05-11 2018-05-10 4 HBNC HORIZON BANCORP INC /IN/
Common Stock
M - Exercise 6,884 158,130 4.55 15.57 107,184 2,462,084
2018-05-11 2018-05-10 4 HBNC HORIZON BANCORP INC /IN/
Common Stock
S - Sale -2,596 151,246 -1.69 29.84 -77,465 4,513,181
2018-05-11 2018-05-10 4 HBNC HORIZON BANCORP INC /IN/
Common Stock
M - Exercise 2,596 153,842 1.72 15.89 41,250 2,444,549
2018-05-11 2018-05-09 4 HBNC HORIZON BANCORP INC /IN/
Employee Stock Option
M - Exercise -1,907 0 -100.00
2018-05-11 2018-05-09 4 HBNC HORIZON BANCORP INC /IN/
Common Stock
S - Sale -1,907 151,246 -1.25 29.87 -56,962 4,517,718
2018-05-11 2018-05-09 4 HBNC HORIZON BANCORP INC /IN/
Common Stock
M - Exercise 1,907 153,153 1.26 15.89 30,302 2,433,601
2018-03-21 2018-03-20 4 HBNC HORIZON BANCORP /IN/
Common Stock
F - Taxes -799 151,246 -0.53 30.16 -24,098 4,561,579
2018-03-21 2018-03-20 4 HBNC HORIZON BANCORP /IN/
Common Stock
A - Award 2,027 152,045 1.35
2018-02-28 2017-11-03 4/A HBNC HORIZON BANCORP /IN/
Common Stock
S - Sale -736 150,018 -0.49 27.38 -20,152 4,107,493
2018-02-28 2017-11-03 4/A HBNC HORIZON BANCORP /IN/
Common Stock
M - Exercise 736 150,754 0.49 14.80 10,893 2,231,159
2018-02-28 2017-11-02 4/A HBNC HORIZON BANCORP /IN/
Common Stock
S - Sale -2,850 150,018 -1.86 27.42 -78,147 4,113,494
2018-02-28 2017-11-02 4/A HBNC HORIZON BANCORP /IN/
Common Stock
M - Exercise 2,850 152,868 1.90 14.80 42,180 2,262,446
2018-02-28 2017-11-02 4/A HBNC HORIZON BANCORP /IN/
Common Stock
S - Sale -11,779 150,018 -7.28 27.42 -322,980 4,113,494
2018-02-28 2017-11-02 4/A HBNC HORIZON BANCORP /IN/
Common Stock
M - Exercise 11,779 161,797 7.85 13.49 158,899 2,182,642
2017-11-22 2017-11-21 4 HBNC HORIZON BANCORP /IN/
Employee Stock Option (right to buy)
M - Exercise -6,836 13,745 -33.22
2017-11-22 2017-11-21 4 HBNC HORIZON BANCORP /IN/
Employee Stock Option (right to buy)
M - Exercise -9,006 4,503 -66.67
2017-11-22 2017-11-21 4 HBNC HORIZON BANCORP /IN/
Employee Stock Option (right to buy)
M - Exercise -3,598 0 -100.00
2017-11-22 2017-11-21 4 HBNC HORIZON BANCORP /IN/
Common Stock
S - Sale -6,836 150,625 -4.34 27.19 -185,871 4,095,494
2017-11-22 2017-11-21 4 HBNC HORIZON BANCORP /IN/
Common Stock
M - Exercise 6,836 157,461 4.54 15.57 106,437 2,451,668
2017-11-22 2017-11-21 4 HBNC HORIZON BANCORP /IN/
Common Stock
S - Sale -9,006 150,625 -5.64 27.19 -244,873 4,095,494
2017-11-22 2017-11-21 4 HBNC HORIZON BANCORP /IN/
Common Stock
M - Exercise 9,006 159,631 5.98 15.89 143,105 2,536,537
2017-11-22 2017-11-21 4 HBNC HORIZON BANCORP /IN/
Common Stock
S - Sale -3,598 150,625 -2.33 27.19 -97,830 4,095,494
2017-11-22 2017-11-21 4 HBNC HORIZON BANCORP /IN/
Common Stock
M - Exercise 3,598 154,223 2.39 14.80 53,250 2,282,500
2017-11-08 2017-11-06 4 HBNC HORIZON BANCORP /IN/
Employee Stock Option
M - Exercise -3,200 0 -100.00
2017-11-08 2017-11-06 4 HBNC HORIZON BANCORP /IN/
Common Stock
M - Exercise 3,200 153,825 2.12 14.80 47,360 2,276,610
2017-11-08 2017-11-06 4 HBNC HORIZON BANCORP /IN/
Common Stock
S - Sale -3,200 150,625 -2.08 27.06 -86,592 4,075,912
2017-11-03 2017-11-03 4 HBNC HORIZON BANCORP /IN/
Employee Stock Option
M - Exercise -736 0 -100.00
2017-11-03 2017-11-03 4 HBNC HORIZON BANCORP /IN/
Common Stock
M - Exercise 736 151,361 0.49 14.80 10,893 2,240,143
2017-11-03 2017-11-03 4 HBNC HORIZON BANCORP /IN/
Common Stock
S - Sale -736 150,625 -0.49 27.38 -20,152 4,124,112
2017-11-03 2017-11-02 4 HBNC HORIZON BANCORP /IN/
Employee Stock Option
M - Exercise -2,850 0 -100.00
2017-11-03 2017-11-02 4 HBNC HORIZON BANCORP /IN/
Employee Stock Option
M - Exercise -11,779 0 -100.00
2017-11-03 2017-11-02 4 HBNC HORIZON BANCORP /IN/
Common Stock
M - Exercise 2,850 153,475 1.89 14.80 42,180 2,271,430
2017-11-03 2017-11-02 4 HBNC HORIZON BANCORP /IN/
Common Stock
S - Sale -2,850 150,625 -1.86 27.42 -78,147 4,130,138
2017-11-03 2017-11-02 4 HBNC HORIZON BANCORP /IN/
Common Stock
M - Exercise 11,779 162,404 7.82 13.49 158,899 2,190,830
2017-11-03 2017-11-02 4 HBNC HORIZON BANCORP /IN/
Common Stock
S - Sale -11,779 150,625 -7.25 27.42 -322,980 4,130,138
2017-03-24 2017-03-21 4 HBNC HORIZON BANCORP /IN/
Employee Stock Option
A - Award 6,887 6,887
2017-03-24 2017-03-21 4 HBNC HORIZON BANCORP /IN/
Common Stock
F - Taxes -607 150,018 -0.40 25.14 -15,260 3,771,453
2017-03-24 2017-03-21 4 HBNC HORIZON BANCORP /IN/
Common Stock
A - Award 1,520 150,625 1.02
2017-03-22 2016-12-08 4/A HBNC HORIZON BANCORP /IN/
Common Stock
S - Sale -10,000 149,105 -6.29 25.93 -259,300 3,866,293
2016-12-08 2016-12-08 4 HBNC HORIZON BANCORP /IN/
Common Stock
S - Sale -10,000 149,105 -6.29 25.93 -259,300 3,866,293
2016-06-01 2016-06-01 4 HBNC HORIZON BANCORP /IN/
Common Stock
S - Sale -10,000 106,070 -8.62 24.67 -246,700 2,616,747
2016-04-13 2016-04-12 4 HBNC HORIZON BANCORP /IN/
Common Stock
F - Taxes -1,256 116,070 -1.07 24.08 -30,244 2,794,966
2016-03-31 2016-03-30 4 HBNC HORIZON BANCORP /IN/
Common Stock
F - Taxes -390 117,326 -0.33 24.70 -9,633 2,897,952
2016-03-16 2016-03-15 4 HBNC HORIZON BANCORP /IN/
Common Stock
A - Award 1,111 117,716 0.95
2015-06-04 2015-06-03 4 HBNC HORIZON BANCORP /IN/
Employee Stock Options
M - Exercise -10,657 0 -100.00
2015-06-04 2015-06-03 4 HBNC HORIZON BANCORP /IN/
Common Stock
S - Sale -10,657 116,605 -8.37 23.95 -255,235 2,792,690
2015-06-04 2015-06-03 4 HBNC HORIZON BANCORP /IN/
Common Stock
A - Award 10,657 127,262 9.14 11.73 125,007 1,492,783
2015-06-04 2015-06-02 4 HBNC HORIZON BANCORP /IN/
Employee Stock Option
M - Exercise -5,040 0 -100.00
2015-06-04 2015-06-02 4 HBNC HORIZON BANCORP /IN/
Common Stock
S - Sale -5,040 116,605 -4.14 24.00 -120,960 2,798,520
2015-06-04 2015-06-02 4 HBNC HORIZON BANCORP /IN/
Common Stock
A - Award 5,040 121,645 4.32 11.73 59,119 1,426,896
2015-03-19 2015-03-17 4 HBNC HORIZON BANCORP /IN/
Common Stock
A - Award 9,006 9,006
2014-06-16 2014-05-29 4/A HBNC HORIZON BANCORP /IN/
Common Stock
S - Sale -947 116,605 -0.81 21.93 -20,768 2,557,148
2014-06-02 2014-05-29 4 HBNC HORIZON BANCORP /IN/
Common Stock
S - Sale -946 71,301 -1.31 21.93 -20,746 1,563,631
2014-05-12 2014-03-18 4 HBNC HORIZON BANCORP /IN/
Employee Stock Option (Right to Buy)
A - Award 6,923 6,923
2014-05-12 2013-06-18 4 HBNC HORIZON BANCORP /IN/
Employee Stock Option (Right to Buy)
A - Award 7,853 7,853
2014-05-12 2014-05-08 4/A HBNC HORIZON BANCORP /IN/
Employee Stock Option (Right to Buy)
A - Award 6,923 6,923
2014-05-12 2014-05-08 4/A HBNC HORIZON BANCORP /IN/
Employee Stock Option (Right to Buy)
A - Award 7,853 7,853
2013-02-08 2012-09-25 5/A HBNC HORIZON BANCORP /IN/
Common Stock
S - Sale -3,287 117,553 -2.72 19.08 -62,716 2,242,911
2012-11-06 2012-11-06 4 HBNC HORIZON BANCORP /IN/
Common Stock
S - Sale -5,500 80,560 -6.39 28.72 -157,960 2,313,683
2012-11-02 2012-11-02 4 HBNC HORIZON BANCORP /IN/
Common Stock
S - Sale -1,000 86,060 -1.15 28.77 -28,770 2,475,946
2012-11-02 2012-10-31 4 HBNC HORIZON BANCORP /IN/
Common Stock
S - Sale -10,500 87,060 -10.76 29.00 -304,500 2,524,740
2012-11-01 2012-10-31 4 HBNC HORIZON BANCORP /IN/
Common Stock
S - Sale -1,500 97,560 -1.51 29.05 -43,575 2,834,118
2012-10-29 2012-10-25 4 HBNC HORIZON BANCORP /IN/
Common Stock
S - Sale -13,000 99,060 -11.60 29.08 -377,991 2,880,288
2012-03-22 2012-03-20 4 HBNC HORIZON BANCORP /IN/
Employee Stock Option (Right to Buy)
A - Award 10,465 10,465
2012-03-22 2012-03-20 4 HBNC HORIZON BANCORP /IN/
Common Stock
A - Award 2,558 112,060 2.34
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)