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 51 shares of phantom stock under the company's Executive Deferred Compensation Plan on September 3, 2024.

Summary

• On September 3, 2024, James A. Sandgren, CEO of Commercial Banking at Old National Bancorp, acquired 51 shares of phantom stock.
• The acquisition was made 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.
• The price of the phantom stock was $19.5785 per share.
• Following the transaction, Sandgren directly owns 26,574 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: 5

Explanation: The document reports a routine transaction related to executive compensation, with no indication of positive or negative sentiment.

Future Outlook

The phantom stock will be payable in cash upon distribution to the reporting person in accordance with the terms of the plan.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding executive compensation.

Key Dates