Form 4: Old National Bancorp Director Daniel S. Hermann Acquires Shares as Part of Annual Compensation
SEC Form 4 Filing
Director Daniel S. Hermann of Old National Bancorp acquired 7,339 shares of common stock as part of his 2024 annual director compensation.
Summary
- Daniel S. Hermann, a director at Old National Bancorp, acquired 7,339 shares of common stock on November 14, 2024.
- These shares were issued as part of his 2024 annual director compensation, covering both cash and equity portions.
- Additionally, between September 16, 2023, and September 16, 2024, Mr. Hermann acquired 1,526 shares through the Dividend Reinvestment Plan.
- Following these transactions, Mr. Hermann's total holdings are 54,838 shares.
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 use of a Dividend Reinvestment Plan shows a long-term commitment to the company.
Industry Context
This is a standard practice for director compensation in publicly traded companies, aligning director interests with shareholder value.
Comparison to Industry Standards
- Director compensation packages often include a mix of cash and equity, which is consistent with this transaction.
- Dividend Reinvestment Plans are a common way for directors to increase their stake in the company over time.
- The number of shares acquired is typical for a director's annual compensation, but can vary based on company size and performance.
Stakeholder Impact
- The share acquisition by a director can be viewed positively by shareholders as it demonstrates confidence in the company.
- The use of a Dividend Reinvestment Plan can be seen as a long-term commitment to the company's success.
Key Dates
| Date | Description |
|---|---|
| 09/16/2023 | Start date for the period during which shares were acquired through the Dividend Reinvestment Plan. |
| 09/16/2024 | End date for the period during which shares were acquired through the Dividend Reinvestment Plan. |
| 11/14/2024 | Date of the transaction where 7,339 shares were acquired as part of annual director compensation. |
| 11/18/2024 | Date the form was signed. |
Keywords
Old National Bancorp, Director Compensation, Share Acquisition, Dividend Reinvestment, ONB, Daniel S. Hermann, Form 4
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