Form 4: Old National Bancorp Director Tom Salmon Reports Acquisition of Phantom Stock and Common Stock

Director Tom Salmon reports acquisition of phantom stock and common stock through Old National Bancorp's deferred compensation and dividend reinvestment plans.

Summary

• Tom Salmon, a director of Old National Bancorp, filed a Form 4 detailing changes in beneficial ownership.
• On April 4, 2025, Salmon acquired 390 shares of phantom stock through the Old National Bancorp Directors' Deferred Compensation Plan.
• These shares were acquired as a result of quarterly director fees paid in cash and represent common stock on a 1-for-1 basis, payable in cash upon distribution.
• Between September 17, 2024, and March 17, 2025, Salmon acquired 547 shares of Old National Bancorp common stock through the Dividend Reinvestment feature of the Plan.
• Following these transactions, Salmon beneficially owns 43,813 shares of Old National Bancorp common stock.

Sentiment

Score: 7

Explanation: The document reflects routine transactions related to director compensation and dividend reinvestment, indicating stability and alignment with shareholder interests. The director's continued investment is a positive signal.

Positives

• Director's participation in the dividend reinvestment plan shows confidence in the company's future.

Future Outlook

The document does not contain specific forward-looking statements, but the director's continued investment suggests a positive outlook.

Industry Context

Directors' participation in deferred compensation and dividend reinvestment plans is a common practice in the banking industry, aligning their interests with shareholders.

Comparison to Industry Standards

• Director stock ownership is a common metric used to assess alignment of interests between management and shareholders.
• Comparing Tom Salmon's holdings to those of directors at peer banks like Fifth Third Bancorp or Huntington Bancshares could provide further context.
• Deferred compensation plans are standard practice, but the specific terms and participation rates vary across institutions.

Stakeholder Impact

• The director's increased ownership could be viewed positively by shareholders, signaling confidence in the company's performance.

Key Dates

Keywords

Form 4, Old National Bancorp, Director, Tom Salmon, Phantom Stock, Dividend Reinvestment, Beneficial Ownership, ONB