Form 4: Old National Bancorp Executive Reports Stock Award and Tax Obligation Fulfillment

Angela Putnam, Chief Accounting Officer of Old National Bancorp, reports the acquisition of restricted stock and the disposal of shares to cover tax obligations.

Summary

• On April 1, 2024, Angela Putnam, Chief Accounting Officer of Old National Bancorp, acquired 18,359 shares of common stock as a restricted stock award.
• On the same day, she disposed of 1,472 shares of common stock at $16.65 per share to satisfy tax withholding obligations related to the vesting of the restricted stock award.
• Following these transactions, Putnam directly owns 65,660 shares of Old National Bancorp common stock.

Sentiment

Score: 6

Explanation: The document reflects standard executive compensation practices and doesn't contain any information that would significantly impact investor sentiment positively or negatively.

Positives

• The acquisition of restricted stock indicates confidence in the company's future performance.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock awards to align management's interests with those of shareholders.
• The practice of selling shares to cover tax obligations upon vesting of restricted stock is common among executives at publicly traded companies.

Stakeholder Impact

• The stock transactions have a minor impact on shareholders as they reflect standard executive compensation practices.

Key Dates