Form 4: Old National Bancorp Executive Reports Stock Transaction to Cover Tax Obligations
SEC Form 4 Filing
Angela L. Putnam, Chief Accounting Officer of Old National Bancorp, reports a transaction involving the surrender of common stock to cover tax withholding obligations.
Summary
- On March 15, 2024, Angela L. Putnam, Chief Accounting Officer of Old National Bancorp, reported a transaction on Form 4.
- The transaction involved the surrender of 1,536 shares of common stock to satisfy tax withholding obligations upon the vesting of restricted stock units.
- The price per share was $16.34.
- Following the transaction, Putnam directly owns 49,490 shares of Old National Bancorp common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to tax obligations, which is neither particularly positive nor negative. It's a neutral disclosure required by regulations.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives. This transaction is related to tax obligations, which is a common occurrence when restricted stock units vest.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares surrendered for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of stock transaction (surrender of shares for tax withholding). |
| 03/19/2024 | Date of signature on the Form 4 filing. |
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