Form 4: Old National Bancorp Director Acquires Phantom Stock
Insider Transaction Report
Director Tom Salmon of Old National Bancorp acquired 342 shares of phantom stock under the company's deferred compensation plan.
Summary
- Director Tom Salmon acquired 342 shares of phantom stock on April 6, 2026, as part of the Old National Bancorp Directors' Deferred Compensation Plan.
- These phantom shares are equivalent to Old National Bancorp common stock on a 1-for-1 basis and will be paid in cash upon distribution.
- The acquisition is a result of quarterly director fees paid in cash to the participant.
- Additionally, between September 16, 2025, and March 16, 2026, Salmon acquired 639 shares of common stock through the Dividend Reinvestment feature of the plan.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine insider transaction related to director compensation and not a significant strategic event or financial performance indicator.
Positives
- Director participation in deferred compensation plans indicates alignment with company performance and long-term commitment.
- Acquisition of phantom stock through director fees suggests ongoing compensation and engagement.
Future Outlook
The phantom stock is payable in cash upon distribution to the participant in accordance with the terms of the Plan.
Industry Context
StockSavvy.ai notes that insider transactions, such as this acquisition of phantom stock by a director, are common in the banking sector as a method of executive compensation and to align management interests with shareholders.
Stakeholder Impact
- Shareholders: The transaction reflects a standard compensation practice for directors, indicating continued engagement but not a direct impact on share value from this specific filing.
Next Steps
- Distribution of phantom stock in cash upon participant's distribution in accordance with the Plan terms.
Key Dates
| Date | Description |
|---|---|
| 04/06/2026 | Earliest transaction date and date of phantom stock acquisition. |
| 09/16/2025 | Start date for acquisition of common stock via Dividend Reinvestment feature. |
| 03/16/2026 | End date for acquisition of common stock via Dividend Reinvestment feature. |
| 04/07/2026 | Date of filing signature. |
Keywords
Old National Bancorp, ONB, Form 4, Director, Phantom Stock, Deferred Compensation, Insider Trading, SEC Filing
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