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 acquisition of shares through a restricted stock award and disposition of shares to cover tax obligations.

Summary

• On March 1, 2024, James C. Ryan III, the Chairman and CEO of Old National Bancorp, acquired 122,084 shares of common stock through a restricted stock award.
• Also on March 1, 2024, Ryan disposed of 9,613 shares of common stock at $16.39 to satisfy tax withholding obligations.
• On March 2, 2024, Ryan disposed of 9,028 shares of common stock at $16.39 to satisfy tax withholding obligations.
• Following these transactions, Ryan directly owns 698,042 shares of Old National Bancorp common stock.
• Ryan also indirectly owns 2,730 shares through an IRA and 1,661 shares through the ONB Employee Stock Ownership and Savings Plan 401(k).

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of insider transactions. The acquisition of shares is a slightly positive signal, but the disposal for tax obligations is neutral.

Positives

• The acquisition of 122,084 shares through a restricted stock award indicates confidence in the company's future performance.

Negatives

• The disposal of shares to cover tax obligations, while common, slightly reduces Ryan's direct holdings in the company.

Risks

• There are no specific risks mentioned in this document.
• However, insider transactions are always subject to scrutiny and potential legal challenges if not properly executed and disclosed.

Future Outlook

There is no specific future outlook provided in this document.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives and their holdings in the company's stock.

Comparison to Industry Standards

• Form 4 filings are standard practice for executives at publicly traded companies like Old National Bancorp.
• Comparable companies such as Fifth Third Bancorp or Huntington Bancshares also have executives who regularly file Form 4s to report changes in their stock ownership.
• The size and frequency of these transactions are typical for executives at similar-sized financial institutions.

Stakeholder Impact

• The transactions may have a minor impact on shareholders, as they reflect changes in the CEO's ownership stake.
• The impact on employees, customers, suppliers, and creditors is likely negligible.

Key Dates