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 49 shares of phantom stock under the company's Executive Deferred Compensation Plan on April 28, 2025.

Summary

• On April 28, 2025, James A. Sandgren, CEO of Commercial Banking at Old National Bancorp, acquired 49 shares of phantom stock through the Old National Bancorp Executive Deferred Compensation Plan.
• These phantom stock shares are equivalent to shares of Old National Bancorp common stock on a 1-for-1 basis.
• The price of the phantom stock was $20.75 per share.
• Following the transaction, Sandgren directly owns 30,175 shares of Old National Bancorp common stock.
• The phantom stock is payable in cash upon distribution to the reporting person according to the terms of the plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing an executive's acquisition of phantom stock, indicating a neutral sentiment.

Industry Context

Executive compensation packages often include phantom stock to align executive interests with shareholder value. This Form 4 filing reflects a routine transaction within that context.

Key Dates

Keywords

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