Form 4: Old National Bancorp Executive James A. Sandgren Reports Acquisition of Phantom Stock
SEC Form 4 Filing
James A. Sandgren, CEO of Commercial Banking at Old National Bancorp, reports the acquisition of phantom stock under the company's Executive Deferred Compensation Plan.
Summary
- James A. Sandgren, CEO of Commercial Banking at Old National Bancorp, filed a Form 4 to report changes in beneficial ownership.
- On May 13, 2024, Sandgren acquired 57 shares of phantom stock under the Old National Bancorp Executive Deferred Compensation Plan at a price of $17.3997 per share.
- These phantom stock shares represent shares of Old National Bancorp common stock on a 1-for-1 basis and are payable in cash upon distribution.
- Following the transaction, Sandgren directly owns 25,894 shares of Old National Bancorp common stock.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reporting a standard transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in the financial services industry.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in beneficial ownership, but it is unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 05/13/2024 | Date of transaction: Acquisition of phantom stock. |
| 05/14/2024 | Date of report filing. |
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