Form 4: Old National Bancorp CFO Reports Share Award and Tax Withholding
SEC Form 4 Filing
John V. Moran, CFO of Old National Bancorp, reports the acquisition of shares through a performance share award and the subsequent disposal of shares to cover tax obligations.
Summary
- On March 15, 2025, John V. Moran, CFO of Old National Bancorp, acquired 11,552 shares of common stock through a performance share award.
- The acquisition price was $0 per share.
- Following this transaction, Moran directly owns 108,351 shares.
- Also on March 15, 2025, Moran disposed of 5,686 shares at $20.96 per share to satisfy tax withholding obligations related to the vesting of the performance share award.
- After this disposal, Moran directly owns 103,951 shares, which includes 1,286 shares issued for accrued dividends on the performance share award.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing primarily reports routine transactions related to executive compensation. The acquisition of shares through a performance award is mildly positive, while the disposal for tax obligations is a standard procedure.
Positives
- The acquisition of shares through a performance share award indicates confidence in the company's future performance.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in the financial services industry.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 03/15/2025 | Date of transaction: Acquisition of performance share award and disposal of shares for tax withholding. |
| 03/18/2025 | Date of signature by Attorney-in-Fact. |
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