Form 4: Old National Bancorp Executive Mark G. Sander Reports Changes in Beneficial Ownership

Mark G. Sander, President and COO of Old National Bancorp, reports transactions involving company stock, including acquisition of shares through a restricted stock award and disposition of shares to cover tax obligations.

Summary

• On March 1, 2025, Mark G. Sander, President and COO of Old National Bancorp, acquired 22,149 shares of common stock through a restricted stock award.
• Also on March 1, 2025, Sander disposed of 16,969 shares of common stock at $23.75 to satisfy tax withholding obligations.
• On March 2, 2025, Sander disposed of 3,846 shares of common stock at $23.75 to satisfy tax withholding obligations.
• As of the report, Sander directly owns 313,256 shares of Old National Bancorp common stock.
• Sander also indirectly owns 501 shares through the ONB Employee Stock Ownership and Savings Plan 401(k).
• Between June 18, 2024 and December 16, 2024, Sander acquired 7 shares through dividend reinvestment in the Employee Stock Ownership and Savings Plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The acquisition of shares through a stock award is a positive sign, but the sale of shares to cover taxes is a normal occurrence.

Positives

• The acquisition of 22,149 shares through a restricted stock award indicates confidence in the company's future performance.

Industry Context

Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be a signal to investors.

Comparison to Industry Standards

• Tracking insider transactions is a common practice in financial analysis to gauge management's sentiment about the company's prospects.
• Comparing Sander's transactions to those of other executives in similar regional banks could provide further insights.
• Analyzing the ratio of stock awards to stock sales can indicate whether executives are generally bullish or bearish on their company's stock.

Stakeholder Impact

• The transactions could influence investor perception of the company's stock.
• Employees participating in the stock ownership plan may be interested in these transactions.

Key Dates