Form 4: Old National Bancorp Executive James A. Sandgren Reports Acquisition of Phantom Stock

James A. Sandgren, CEO of Commercial Banking at Old National Bancorp, reports the acquisition of 53 shares of phantom stock under the company's Executive Deferred Compensation Plan.

Summary

• On October 14, 2024, James A. Sandgren, CEO of Commercial Banking at Old National Bancorp, acquired 53 shares of phantom stock through the Old National Bancorp Executive Deferred Compensation Plan.
• These phantom stock shares are based on Old National Bancorp common stock on a 1-for-1 basis.
• The price of the phantom stock was $18.9182 per share.
• Following this transaction, Sandgren directly owns 26,930 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 is a routine regulatory filing regarding executive compensation, and does not inherently convey positive or negative sentiment.

Positives

• The acquisition of phantom stock by a key executive could be seen as a positive sign of confidence in the company's future performance.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance.

Industry Context

Executive compensation plans, including deferred compensation and phantom stock, are common in the banking industry to attract and retain talent and align executive interests with shareholder value.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it relates to executive compensation and alignment of interests.

Key Dates