Form 4: Old National Bancorp Executive Reports Stock Transactions

James A. Sandgren, CEO of Commercial Banking at Old National Bancorp, reported the acquisition of performance share awards and the disposition of shares for tax obligations.

Summary

• James A. Sandgren, CEO of Commercial Banking at Old National Bancorp, reported transactions involving the company's common stock on March 15, 2026.
• Sandgren acquired 35,419 shares of common stock at a price of $0 per share, representing an earned performance share award.
• Concurrently, 16,846 shares of common stock were disposed of at a price of $21.51 per share to satisfy tax withholding obligations upon the vesting of the performance share award.
• The reported direct beneficial ownership following these transactions is 331,002 shares, which includes 3,669 shares issued for accrued dividends on the performance share award.
• Additionally, Sandgren indirectly acquired 48 shares of Old National Bancorp common stock between December 16, 2025, and March 16, 2026, through the dividend reinvestment feature of the company's Employee Stock Ownership and Savings Plan 401(k).
• The total indirect beneficial ownership in the 401(k) plan is 7,202 shares.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive event for the executive, reflecting earned compensation and continued equity ownership, which aligns executive interests with shareholders. The transactions are routine and expected for executive compensation.

Positives

• The acquisition of 35,419 shares represents an earned performance share award, indicating the executive met performance targets.
• An additional 3,669 shares were issued for accrued dividends on the performance share award, further increasing the executive's equity stake.
• The indirect acquisition of 48 shares through a 401(k) dividend reinvestment plan demonstrates continued long-term investment by the executive.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for executive stock transactions and do not typically provide broader industry insights. These transactions are routine for publicly traded companies as part of executive compensation and equity incentive plans.

Stakeholder Impact

• Shareholders: The transactions represent routine executive compensation and tax management, with minimal direct impact on overall shareholder value or company operations. It indicates continued alignment of executive interests with the company's performance.

Key Dates

Recommendation

This Form 4 filing details routine executive stock transactions related to compensation and tax obligations. While it shows an executive's continued equity stake, it does not provide new information about the company's financial performance or strategic direction that would warrant a change in investment recommendation. Investors should consider this as a standard disclosure.

Keywords

ONB, Old National Bancorp, James A. Sandgren, Form 4, insider trading, executive compensation, performance shares, stock award, tax withholding, 401k