Form 4: Old National Bancorp Chief Risk Officer Boosts Stake Through Employee Plans

Scott J. Evernham, Chief Risk Officer of Old National Bancorp, increased his direct and indirect holdings in the company's common stock through employee stock purchase and dividend reinvestment plans.

Summary

• Scott J. Evernham, the Chief Risk Officer of Old National Bancorp (ONB), acquired 44 shares of ONB common stock on June 30, 2025, at a price of $20.27 per share.
• These shares were acquired under the Old National Bancorp Employee Stock Purchase Plan and are exempt under Rule 16b-3(c).
• Between March 18, 2025, and June 16, 2025, Mr. Evernham also acquired 4 shares of common stock through the company's Dividend Reinvestment Plan.
• During the same period (March 18, 2025, to June 16, 2025), an additional 4 shares were acquired through the dividend reinvestment feature of the ONB Employee Stock Ownership and Savings Plan 401(k).
• Following these transactions, Mr. Evernham directly beneficially owns 134,845 shares of Old National Bancorp common stock.
• Indirect holdings include 534 shares in the ONB Employee Stock Ownership and Savings Plan 401(k) and 200 shares each as custodian for his three daughters: Aliza Kaye Evernham, Lucia Joelle Evernham, and Mora Evlynn Evernham.

Sentiment

Score: 7

Explanation: The acquisition of additional shares by a key executive, the Chief Risk Officer, through employee stock purchase and dividend reinvestment plans, indicates strong confidence in the company's future performance and aligns management's interests with shareholders.

Positives

• The Chief Risk Officer's acquisition of additional shares indicates confidence in Old National Bancorp's future prospects.
• Participation in the Employee Stock Purchase Plan and Dividend Reinvestment Plan aligns management's financial interests with those of shareholders.

Future Outlook

NA

Industry Context

This filing details an insider stock acquisition by a Chief Risk Officer at a regional bank, which is a routine disclosure for executive compensation and personal investment activities within the financial services sector. It does not inherently reflect broader industry trends beyond the individual's confidence in the company.

Comparison to Industry Standards

• Insider purchases, especially through employee plans, are common across industries, including banking.
• While specific comparable companies or projects are not relevant here, such acquisitions generally signal management's belief in the company's value, aligning with best practices for executive share ownership.

Stakeholder Impact

• Shareholders: The insider purchase by a high-ranking executive may be perceived as a positive signal, potentially boosting investor confidence in the company's outlook.
• Employees: The existence of an Employee Stock Purchase Plan and 401(k) with stock options highlights benefits available to employees, fostering alignment with company performance.

Key Dates

Recommendation

Keywords

Old National Bancorp, ONB, Scott J. Evernham, Chief Risk Officer, Insider Trading, Stock Acquisition, Employee Stock Purchase Plan, Dividend Reinvestment Plan, SEC Form 4