Form 4: Old National Bancorp Executive Chady M. AlAhmar Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Chady M. AlAhmar, CEO of Wealth Management at Old National Bancorp, reports acquisition and disposal of common stock related to a restricted stock award.
Summary
- On March 1, 2024, Chady M. AlAhmar acquired 14,773 shares of Old National Bancorp common stock as part of a restricted stock award.
- Also on March 1, 2024, 1,343 shares were disposed of at $16.39 to cover tax withholding obligations.
- On March 2, 2024, an additional 1,268 shares were disposed of at $16.39 to cover tax withholding obligations.
- Following these transactions, AlAhmar directly owns 67,043 shares of Old National Bancorp common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing reflects routine transactions related to executive compensation and tax obligations, with no indication of significant positive or negative developments.
Positives
- The acquisition of 14,773 shares through a restricted stock award indicates confidence in the company's future performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity related to executive compensation and tax obligations.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they relate to internal executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of restricted stock award and initial tax withholding. |
| 03/02/2024 | Date of additional tax withholding. |
| 03/05/2024 | Date of Form 4 signature. |
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