Form 4: Old National Bancorp Executive Scott J. Evernham Reports Changes in Beneficial Ownership

Scott J. Evernham, Chief Risk Officer of Old National Bancorp, reports transactions involving the company's common stock, including acquisitions through employee stock purchase and dividend reinvestment plans.

Summary

• Scott J. Evernham, the Chief Risk Officer of Old National Bancorp, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On June 28, 2024, Evernham acquired 55 shares of common stock at a price of $16.3305 per share under the Old National Bancorp Employee Stock Purchase Plan.
• Between March 16, 2024, and June 17, 2024, Evernham acquired 793 shares through dividend reinvestment.
• He also indirectly owns shares through the ONB Employee Stock Ownership and Savings Plan and as custodian for his daughters.
• Following the reported transactions, Evernham directly owns 122,268 shares of Old National Bancorp common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it primarily reports routine stock transactions. The executive's participation in stock purchase and dividend reinvestment plans could be seen as mildly positive.

Positives

• Executive participation in the Employee Stock Purchase Plan and dividend reinvestment indicates confidence in the company's future.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders. These filings are closely watched by investors to gauge executive sentiment and potential future performance.

Comparison to Industry Standards

• Executive stock ownership is a common practice in the banking industry.
• Comparing Evernham's ownership percentage to peers at similar-sized regional banks would provide a benchmark for assessing his alignment with shareholder interests.
• Companies like Fifth Third Bancorp and KeyCorp also have similar insider ownership structures.

Stakeholder Impact

• The reported transactions provide shareholders with insight into the executive's investment in the company.
• Executive stock ownership can align management's interests with those of shareholders.

Key Dates