Form 4: Old National Bancorp Director Acquires Shares as Part of Annual Compensation

Old National Bancorp director Austin M. Ramirez acquired 4,587 shares of common stock as part of his 2024 annual director compensation.

Summary

• Director Austin M. Ramirez acquired 4,587 shares of Old National Bancorp common stock on November 14, 2024.
• The shares were acquired at a price of $21.80 per share.
• This acquisition was part of the equity portion of Mr. Ramirez's 2024 annual director compensation.
• Following the transaction, Mr. Ramirez directly owns 26,245 shares of Old National Bancorp common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally to slightly positive as it aligns director interests with shareholders.

Positives

• The acquisition of shares by a director demonstrates confidence in the company's future.
• The transaction is part of a pre-determined compensation plan, indicating a structured approach to director remuneration.

Industry Context

This is a standard transaction for director compensation in publicly traded companies, where equity is often used as part of the overall package.

Comparison to Industry Standards

• Many publicly traded companies use equity as part of their director compensation packages.
• The amount of equity granted is generally aligned with the company's size, performance, and industry standards.
• This transaction is similar to other director compensation practices in the financial services sector.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with the company's performance.

Key Dates

Keywords

Old National Bancorp, Director Compensation, Stock Acquisition, Form 4, ONB, Equity Compensation, Insider Trading