Form 4: Director Acquires Phantom Stock at Old National Bancorp
Statement of Changes in Beneficial Ownership
Director Tom Salmon acquired phantom stock units under the Old National Bancorp Directors' Deferred Compensation Plan, reflecting quarterly director fees.
Summary
- Director Tom Salmon acquired 349 shares of phantom stock on July 2, 2026, as part of the Old National Bancorp Directors' Deferred Compensation Plan.
- These phantom stock shares are equivalent to Old National Bancorp common stock on a 1-for-1 basis and will be paid in cash upon distribution.
- The acquisition represents director fees paid in cash to the participant.
- Additionally, between March 17, 2026, and June 15, 2026, Salmon acquired 298 shares of common stock through the Dividend Reinvestment feature of the Plan.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it represents routine compensation and stock accumulation by a director rather than a significant strategic event or financial performance indicator.
Positives
- Director participation in deferred compensation plans indicates alignment with company long-term interests.
- Dividend reinvestment shows continued accumulation of company stock by a director.
Future Outlook
The phantom stock is payable in cash upon distribution to the participant in accordance with the terms of the Plan. No specific future financial outlook is provided in this filing.
Industry Context
StockSavvy.ai notes that director compensation often includes equity-based awards or deferred compensation plans to align executive interests with shareholders. This filing is typical for a director's routine compensation and stock accumulation activities within the banking sector.
Stakeholder Impact
- Shareholders: The filing provides transparency on director compensation and stock ownership, reinforcing governance practices.
Next Steps
- Distribution of phantom stock in cash upon participant distribution according to the Plan's terms.
Key Dates
| Date | Description |
|---|---|
| 07/02/2026 | Earliest transaction date and date of phantom stock acquisition. |
| 03/17/2026 | Start date for acquisition of common stock via dividend reinvestment. |
| 06/15/2026 | End date for acquisition of common stock via dividend reinvestment. |
| 07/07/2026 | Date of signature for the filing. |
Keywords
Form 4, SEC Filing, Old National Bancorp, ONB, Director, Phantom Stock, Deferred Compensation Plan, Beneficial Ownership, Insider Trading
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.