Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

Summary of Option Activity under 2003 Plan

A summary of option activity under the Horizon Bancorp 2003 Omnibus Equity Incentive Plan (“2003 Plan”) as of December 31, 2022, and changes during the year then ended, is presented below:

	Shares	Weighted– Average Exercise Price		Weighted– Average Remaining Contractual Term	Aggregate Intrinsic Value
Outstanding, beginning of year	4,050	$	7.49
Granted	—	—
Exercised	(4,050)	7.49
Forfeited	—	—
Outstanding, end of year	—	—		0	$	—
Exercisable, end of year	—	—		0	—

A summary of option activity under the 2013 Plan as of December 31, 2022, and changes during the year then ended, is presented below:

	Shares	Weighted– Average Exercise Price		Weighted– Average Remaining Contractual Term	Aggregate Intrinsic Value
Outstanding, beginning of year	200,878	$	14.46
Granted	—	—
Exercised	(32,365)	13.51
Forfeited	(500)	16.76
Outstanding, end of year	168,013	14.64		3.92	$	339,389
Exercisable, end of year	168,013	14.64		3.92	339,389

Summary of Status of Non-vested, Restricted and Performance Shares

A summary of the status of Horizon’s non–vested restricted and performance shares as of December 31, 2022 are presented below:

	Shares	Weighted Average Grant Date Fair Value
Non–vested, beginning of year	423,309	$	14.78
Vested	(97,014)	16.63
Granted	220,073	19.90
Forfeited	(25,909)	14.31
Non–vested, end of year	520,459	16.45