Form 4: Old National Bancorp Chief Risk Officer Reports Stock Transactions

Scott J. Evernham, Chief Risk Officer of Old National Bancorp, reported acquiring shares through the employee stock purchase plan and dividend reinvestment, as well as indirect holdings through family trusts.

Summary

• Scott J. Evernham, the Chief Risk Officer of Old National Bancorp, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On December 31, 2024, Mr. Evernham acquired 44 shares of common stock at a price of $20.615 per share through the company's Employee Stock Purchase Plan.
• He also acquired 552 shares through dividend reinvestment between September 17, 2024, and December 16, 2024.
• Additionally, he acquired 3 shares through dividend reinvestment between September 17, 2024, and December 16, 2024.
• Mr. Evernham also has indirect ownership of 200 shares each held in trust for his three daughters, Aliza Kaye Evernham, Lucia Joelle Evernham, and Mora Evlynn Evernham, and 527 shares held in the ONB Employee Stock Ownership and Savings Plan.

Sentiment

Score: 7

Explanation: The document reflects routine transactions by a company insider, which is generally neutral to positive. The acquisitions through employee plans and dividend reinvestment suggest confidence in the company's future.

Positives

• The acquisition of shares through the Employee Stock Purchase Plan and dividend reinvestment indicates a positive view of the company's future by the Chief Risk Officer.
• The increase in share ownership through dividend reinvestment shows a commitment to long-term investment in the company.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common in the financial industry and is required by the SEC.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders in publicly traded companies, such as Old National Bancorp, and are comparable to similar filings by executives at other financial institutions like JPMorgan Chase & Co. (JPM) or Bank of America (BAC).
• The transactions reported, including stock purchases through employee plans and dividend reinvestment, are typical methods of stock acquisition for executives in the financial sector, similar to programs offered by companies like Wells Fargo (WFC) or Citigroup (C).

Stakeholder Impact

• The stock acquisitions by the Chief Risk Officer may be viewed positively by shareholders, indicating confidence in the company's performance.
• The transactions have no direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transactions, Employee Stock Purchase Plan, Dividend Reinvestment, Old National Bancorp, ONB, Chief Risk Officer, Scott J. Evernham