Form 4: Old National Bancorp Executive Acquires Phantom Stock Under Deferred Compensation Plan
SEC Form 4 Filing
James A. Sandgren, CEO of Commercial Banking at Old National Bancorp, acquired phantom stock under the company's Executive Deferred Compensation Plan.
Summary
- On November 11, 2024, James A. Sandgren, CEO of Commercial Banking at Old National Bancorp, acquired 44 shares of phantom stock under the Old National Bancorp Executive Deferred Compensation Plan.
- These shares are payable in cash upon distribution to the Reporting Person in accordance with the terms of the Plan.
- Following the transaction, Sandgren directly owns 27,026 shares of Old National Bancorp common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation, and does not contain information that would significantly impact investor sentiment.
Industry Context
This Form 4 filing is a routine disclosure of a transaction by a company insider, providing transparency to investors regarding changes in beneficial ownership. It is common for executives to receive stock-based compensation as part of their overall remuneration package.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it involves phantom stock and is part of an existing compensation plan.
Key Dates
| Date | Description |
|---|---|
| 11/11/2024 | Date of transaction: James A. Sandgren acquired phantom stock. |
| 11/12/2024 | Date of signature: Sharon K. Brantley, Paralegal, as Attorney-In-Fact for James A. Sandgren signed the document. |
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