Form 4: Old National Bancorp Executive Acquires Phantom Stock

James A. Sandgren, CEO of Commercial Banking at Old National Bancorp, acquired phantom stock under the company's Executive Deferred Compensation Plan on April 1, 2025.

Summary

• On April 1, 2025, James A. Sandgren, CEO of Commercial Banking at Old National Bancorp, acquired 49 shares of phantom stock under the Old National Bancorp Executive Deferred Compensation Plan.
• These phantom stock shares are based on Old National Bancorp common stock on a 1-for-1 basis and will be payable in cash upon distribution according to the plan's terms.
• The price of the phantom stock was $20.8497 per share.
• Following the transaction, Sandgren directly owns 30,072 shares of phantom stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to executive compensation, indicating a neutral sentiment.

Positives

• The acquisition of phantom stock aligns the executive's interests with the company's performance.
• The Executive Deferred Compensation Plan provides a mechanism for long-term incentive compensation.

Industry Context

Executive compensation packages often include phantom stock or similar instruments to align management's interests with shareholder value. This is a common practice in the banking industry.

Stakeholder Impact

• The acquisition of phantom stock could have a minor positive impact on shareholder sentiment as it aligns executive interests with company performance.

Key Dates

Keywords

phantom stock, executive compensation, Old National Bancorp, ONB, Form 4, Sandgren, deferred compensation