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 1,096 shares of phantom stock under the company's Executive Deferred Compensation Plan on March 10, 2025.

Summary

• On March 10, 2025, James A. Sandgren, CEO of Commercial Banking at Old National Bancorp, acquired 1,096 shares of phantom stock through the Old National Bancorp Executive Deferred Compensation Plan.
• These phantom stock shares are based on a 1-for-1 basis with Old National Bancorp common stock and will be payable in cash upon distribution according to the plan's terms.
• Following this transaction, Sandgren directly owns 29,786 shares of Old National Bancorp common stock.
• The price of the phantom stock was $20.1196 per share.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing related to executive compensation. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about a transaction.

Positives

• The acquisition of phantom stock aligns the executive's interests with the company's performance.

Future Outlook

The phantom stock will be payable in cash upon distribution to the Reporting Person in accordance with the terms of the Plan.

Industry Context

Executive compensation packages often include phantom stock to incentivize performance and align executive interests with shareholder value. This filing is a routine disclosure of such a transaction.

Stakeholder Impact

• The acquisition of phantom stock by a key executive can be viewed positively by shareholders as it aligns management's interests with the company's long-term success.

Key Dates