Form 4: Old National Bancorp Executive Reports Stock Transactions

Nicholas J. Chulos, Chief Legal Officer & Corp Sec of Old National Bancorp, reports acquisition and disposal of company stock related to a restricted stock award.

Summary

• Nicholas J. Chulos, Chief Legal Officer & Corp Sec of Old National Bancorp, filed a Form 4 detailing changes in beneficial ownership.
• On March 1, 2024, Chulos acquired 19,143 shares of common stock as a restricted stock award.
• Also on March 1, 2024, 1,114 shares were disposed of to satisfy tax withholding obligations at a price of $16.39.
• On March 2, 2024, an additional 978 shares were disposed of for tax withholding at $16.39.
• Following these transactions, Chulos directly owns 117,949 shares of Old National Bancorp common stock.
• Chulos also indirectly owns 13,082 shares through the ONB Employee Stock Ownership and Savings Plan.

Sentiment

Score: 6

Explanation: Neutral sentiment. The filing primarily reflects routine stock transactions related to compensation and tax obligations. The acquisition of shares through a restricted stock award is a mildly positive signal, but the disposal of shares for tax purposes is a neutral event.

Positives

• The acquisition of 19,143 shares through a restricted stock award suggests confidence in the company's future performance.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and confidence in the company's prospects.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine compensation-related activities.

Key Dates