Form 4: Old National Bancorp Executive Kendra L. Vanzo Sells 20,000 Shares for Estate Planning

Kendra L. Vanzo, Chief Administrative Officer of Old National Bancorp, sold 20,000 shares of common stock on July 25, 2024, for estate planning and portfolio diversification purposes.

Summary

• Kendra L. Vanzo, Chief Administrative Officer of Old National Bancorp, sold 20,000 shares of common stock on July 25, 2024.
• The sale was executed at an average price of $19.85 per share, with prices ranging from $19.84 to $19.89.
• Following the transaction, Vanzo directly owns 117,676 shares of Old National Bancorp common stock.
• Vanzo also indirectly owns 1,045 shares through an IRA and 6,396 shares through the ONB Employee Stock Ownership and Savings Plan.
• Between December 16, 2023, and June 17, 2024, Vanzo acquired additional shares through the Dividend Reinvestment Plan.
• The sale was conducted for estate planning and securities portfolio diversification purposes.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports a routine insider transaction for personal financial reasons.

Management Comments

• Shares were sold for estate planning and securities portfolio diversification purposes.

Industry Context

Insider sales are a common occurrence and are often related to personal financial planning rather than a reflection of the company's performance. Investors often monitor these transactions for significant patterns or unusually large sales, which could signal concerns.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact given the stated reasons for the sale.

Key Dates