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

Director Peter J. Henseler acquired 4,587 shares of Old National Bancorp common stock as part of his 2024 annual director compensation.

Summary

• Peter J. Henseler, a director at Old National Bancorp, acquired 4,587 shares of common stock on November 14, 2024.
• The shares were acquired at a price of $21.8 per share.
• This acquisition was part of his 2024 annual director compensation.
• Following the transaction, Mr. Henseler directly owns 50,867 shares of Old National Bancorp.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed positively as it aligns director interests with shareholders. There are no negative implications.

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 routine transaction related to director compensation, which is common in the banking industry. It reflects standard practice for aligning director interests with shareholder value.

Comparison to Industry Standards

• Director compensation packages often include equity grants to align their interests with shareholders, this is a common practice across the banking sector.
• The number of shares granted is within the typical range for director compensation at similar sized financial institutions.
• The price of $21.8 per share is the market price at the time of the transaction, which is standard practice.

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, Peter J. Henseler, ONB, Equity