Form 4: Old National Bancorp CFO Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Brendon B. Falconer, CFO of Old National Bancorp, reports acquisition and disposal of common stock related to a restricted stock award and tax obligations.
Summary
- On March 1, 2024, Brendon B. Falconer, CFO of Old National Bancorp, acquired 37,141 shares of common stock through a restricted stock award.
- On the same day, Falconer disposed of 2,763 shares to cover tax withholding obligations at a price of $16.39 per share.
- On March 2, 2024, Falconer disposed of an additional 2,264 shares for tax obligations at $16.39 per share.
- Following these transactions, Falconer directly owns 138,087 shares of Old National Bancorp common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Positives
- The granting of a restricted stock award to the CFO aligns his interests with those of the shareholders.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of restricted stock award and disposal of shares for tax obligations. |
| 03/02/2024 | Date of disposal of shares for tax obligations. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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