Form 4: Old National Bancorp Executive Brent R. Tischler Reports Stock Award and Tax Obligation Fulfillment
SEC Form 4 Filing
Brent R. Tischler, CEO of Community Banking at Old National Bancorp, reports acquisition of restricted stock and disposition of shares to cover tax obligations.
Summary
- On March 1, 2024, Brent R. Tischler, CEO of Community Banking at Old National Bancorp, acquired 14,186 shares of common stock through a restricted stock award.
- On the same day, Tischler disposed of 1,434 shares of common stock at a price of $16.39 to satisfy tax withholding obligations related to the vesting of the restricted stock award.
- Following these transactions, Tischler beneficially owns 40,077 shares of Old National Bancorp common stock.
Sentiment
Score: 6
Explanation: Neutral sentiment as it reflects routine transactions related to executive compensation.
Positives
- The acquisition of restricted stock indicates confidence in the company's future performance.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of restricted stock award and tax obligation fulfillment. |
| 03/05/2024 | Date of report signature. |
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