Form 4: Old National Bancorp Executive Nicholas Chulos Reports Changes in Beneficial Ownership

Nicholas Chulos, Chief Legal Officer & Corp Sec of Old National Bancorp, reports changes in beneficial ownership of common stock due to estate planning and dividend reinvestment.

Summary

• Nicholas Chulos, Chief Legal Officer & Corp Sec of Old National Bancorp, filed a Form 4 detailing changes in his beneficial ownership of the company's common stock.
• On December 24, 2024, Mr. Chulos transferred 35,439 shares of common stock to a trust for his spouse and another trust for estate planning purposes.
• These transfers were conducted at a price of $0 per share.
• Following these transactions, Mr. Chulos directly owns 45,730 shares of Old National Bancorp common stock.
• He also indirectly owns 35,439 shares through a trust for his spouse, 35,438 shares through another trust, and 13,490 shares through the ONB Employee Stock Ownership and Savings Plan.
• Between March 16, 2024, and December 16, 2024, Mr. Chulos acquired 297 shares of Old National Bancorp common stock through the Dividend Reinvestment feature of the Old National Bancorp Employee Stock Ownership and Savings Plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Positives

• The acquisition of 297 shares through the Dividend Reinvestment feature indicates continued investment in the company by the reporting person.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.

Stakeholder Impact

• The transactions may be of interest to shareholders as they provide insight into the actions of a key executive.

Key Dates