Form 4: Old National Bancorp CEO James C. Ryan, III Reports Changes in Beneficial Ownership

James C. Ryan, III, CEO of Old National Bancorp, reports transactions involving the company's common stock, including acquisitions through employee stock purchase and dividend reinvestment plans.

Summary

• James C. Ryan, III, the Chairman and CEO of Old National Bancorp, filed a Form 4 to report changes in his beneficial ownership of the company's stock.
• On March 28, 2024, Ryan acquired 36 shares of common stock at a price of $16.5395 per share under the Old National Bancorp Employee Stock Purchase Plan.
• Between December 16, 2023, and March 15, 2024, Ryan acquired 690 shares through dividend reinvestment.
• Ryan also indirectly owns 2,730 shares through an IRA and 1,675 shares through the ONB Employee Stock Ownership and Savings Plan 401(k).
• Following the reported transactions, Ryan directly owns 698,768 shares of Old National Bancorp common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing indicating insider transactions, which can be interpreted as a positive sign of confidence, but it's not overwhelmingly positive.

Positives

• The CEO's participation in the Employee Stock Purchase Plan and dividend reinvestment plan signals confidence in the company's future.
• Increased ownership aligns the CEO's interests with those of other shareholders.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their investment activities in the company's stock. These filings are closely watched by investors seeking insights into management's sentiment and potential future performance.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the CEO's investment in the company.
• It can influence investor sentiment and potentially impact the stock price.

Key Dates