Form 4: Chief Risk Officer Boosts ONB Stock Holdings
Insider Transaction Report
Old National Bancorp's Chief Risk Officer, Scott J. Evernham, reported an acquisition of 43 shares of common stock and additional shares through dividend reinvestment plans.
Summary
- Scott J. Evernham, Chief Risk Officer of Old National Bancorp, reported changes in his beneficial ownership of the company's common stock.
- On September 30, 2025, Mr. Evernham acquired 43 shares of common stock at a price of $20.85 per share through the Old National Bancorp Employee Stock Purchase Plan.
- Between June 17, 2025, and September 15, 2025, he acquired an additional 4 shares of common stock via the Dividend Reinvestment Plan.
- During the same period (June 17, 2025, and September 15, 2025), he also acquired 3 shares of common stock through the dividend reinvestment feature of the ONB Employee Stock Ownership and Savings Plan 401(k).
- Following these transactions, Mr. Evernham directly beneficially owns 134,892 shares of common stock.
- He also indirectly owns 537 shares through the ONB Employee Stock Ownership and Savings Plan 401(k) and 200 shares each for three daughters (Aliza Kaye Evernham, Lucia Joelle Evernham, and Mora Evlynn Evernham) as custodian.
Sentiment
Score: 8
Explanation: The Chief Risk Officer's decision to increase his holdings, both through direct purchase and dividend reinvestment, indicates strong confidence in the company's performance and future outlook.
Positives
- Chief Risk Officer Scott J. Evernham increased his direct and indirect holdings in Old National Bancorp common stock, signaling confidence in the company's future.
- The acquisition of 43 shares at $20.85 per share through an employee stock purchase plan demonstrates management's commitment and belief in the company's valuation.
- Additional shares acquired through dividend reinvestment plans (4 shares directly and 3 shares via 401(k)) further indicate a long-term investment perspective from a key executive.
Future Outlook
NA
Industry Context
This Form 4 filing reports an individual insider transaction and does not provide broader industry context or trends.
Stakeholder Impact
- Shareholders may view the increased insider ownership as a positive signal of management's confidence in the company's future performance and stock value.
Key Dates
| Date | Description |
|---|---|
| 06/17/2025 | Start date of period during which 4 shares were acquired via Dividend Reinvestment Plan and 3 shares via ONB Employee Stock Ownership and Savings Plan 401(k). |
| 09/15/2025 | End date of period during which 4 shares were acquired via Dividend Reinvestment Plan and 3 shares via ONB Employee Stock Ownership and Savings Plan 401(k). |
| 09/30/2025 | Date of transaction for the acquisition of 43 shares under the Old National Bancorp Employee Stock Purchase Plan. |
| 12/05/2025 | Signature date of the reporting person's attorney-in-fact. |
Recommendation
buyThe Chief Risk Officer's decision to increase his personal stake in Old National Bancorp through various acquisition methods, including a direct purchase at $20.85 per share and dividend reinvestment, serves as a strong signal of insider confidence. This aligns management's interests with shareholders and suggests a belief in the company's intrinsic value and future growth potential, making it an attractive opportunity for investors.
Keywords
ONB, Old National Bancorp, insider trading, Form 4, stock acquisition, Chief Risk Officer, employee stock purchase plan, dividend reinvestment plan
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