Form 4: Old National Bancorp CEO James C. Ryan III Reports Changes in Beneficial Ownership
SEC Form 4
James C. Ryan III, Chairman and CEO of Old National Bancorp, reports acquisition and disposal of company stock related to performance share awards and tax obligations.
Summary
- On March 15, 2025, James C. Ryan III, Chairman and CEO of Old National Bancorp, reported changes in his beneficial ownership of the company's common stock.
- He acquired 176,225 shares through a performance share award.
- He disposed of 84,746 shares to satisfy tax withholding obligations related to the vesting of the performance share award at a price of $20.96 per share.
- Following these transactions, Ryan directly owns 813,655 shares of Old National Bancorp common stock.
- He also indirectly owns 2,730 shares through an IRA and 1,724 shares through the ONB Employee Stock Ownership and Savings Plan 401(k).
- Between December 17, 2024, and March 17, 2025, Ryan acquired 11 shares through the dividend reinvestment feature of the ONB Employee Stock Ownership and Savings Plan 401(k).
Sentiment
Score: 6
Explanation: Neutral sentiment as the filing primarily reflects routine transactions related to compensation and tax obligations. The acquisition of performance shares is a positive sign, but the disposal for tax purposes is neutral.
Positives
- The acquisition of 176,225 shares through a performance share award suggests confidence in the company's future performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors for signals about management's view of the company's prospects.
Comparison to Industry Standards
- Tracking insider transactions is a common practice in financial analysis.
- Comparing the CEO's stock ownership to peers like Huntington Bancshares (HBAN) or Fifth Third Bancorp (FITB) can provide context.
- Analyzing the percentage of shares owned by insiders relative to the total outstanding shares is a standard benchmark.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine compensation-related activities.
- Employees participating in the ONB Employee Stock Ownership and Savings Plan 401(k) may be indirectly affected by the dividend reinvestment.
Key Dates
| Date | Description |
|---|---|
| December 17, 2024 | Start date of the period during which the Reporting Person acquired shares of Old National Bancorp common stock pursuant to the dividend reinvestment feature of the ONB Employee Stock Ownership and Savings Plan 401(k). |
| March 15, 2025 | Date of the transaction involving the acquisition and disposal of shares. |
| March 17, 2025 | End date of the period during which the Reporting Person acquired shares of Old National Bancorp common stock pursuant to the dividend reinvestment feature of the ONB Employee Stock Ownership and Savings Plan 401(k). |
| March 18, 2025 | Date of the Form 4 filing. |
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