Form 4: Old National Bancorp Executive Acquires Phantom Stock Through Deferred Compensation Plan

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

Summary

• James A. Sandgren, CEO of Commercial Banking at Old National Bancorp, acquired 46 shares of phantom stock on May 12, 2025, under the Old National Bancorp Executive Deferred Compensation Plan.
• The phantom stock represents shares of Old National Bancorp common stock on a 1-for-1 basis and will be payable in cash upon distribution to Sandgren according to the plan's terms.
• Following the transaction, Sandgren directly owns 30,221 shares of Old National Bancorp common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to executive compensation, with no inherent positive or negative sentiment.

Positives

• The acquisition of phantom stock aligns the executive's interests with the company's performance.
• The deferred compensation plan provides a tax-advantaged way for the executive to accumulate wealth.

Industry Context

Executive compensation packages often include phantom stock or similar instruments to incentivize performance and retain key personnel. This is a common practice in the banking industry.

Key Dates

Keywords

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