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

James A. Sandgren, CEO of Commercial Banking at Old National Bancorp, acquired 1,873 shares of phantom stock under the company's Executive Deferred Compensation Plan on March 11, 2024.

Summary

• On March 11, 2024, James A. Sandgren, CEO of Commercial Banking at Old National Bancorp, acquired 1,873 shares of phantom stock through 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.
• The price of the phantom stock was $16.8889 per share.
• Following the transaction, Sandgren directly owns 25,392 shares of Old National Bancorp common stock.
• The phantom stock is payable in cash upon distribution to Sandgren according to the terms of the plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a routine transaction related to executive compensation. There is no indication of positive or negative implications for the company's performance.

Positives

• The acquisition of phantom stock by a key executive demonstrates confidence in the company's future performance.

Industry Context

Executive compensation plans, including deferred compensation and phantom stock, are common in the banking industry to align executive interests with shareholder value and long-term company performance.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns executive compensation with company performance.

Key Dates