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
- On April 2, 2024, James A. Sandgren, CEO of Commercial Banking at Old National Bancorp, acquired 61 shares of phantom stock under 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 and will be payable in cash upon distribution according to the plan's terms.
- Following this transaction, Sandgren directly owns 25,713 shares of Old National Bancorp common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation, and does not indicate any particularly positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates that James A. Sandgren, a key executive, is participating in the company's deferred compensation plan.
Key Dates
| Date | Description |
|---|---|
| 04/02/2024 | Date of phantom stock acquisition |
| 04/03/2024 | Date of Form 4 filing |
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