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 acquisition and disposal of common stock, including shares acquired through employee stock purchase and dividend reinvestment plans.

Summary

• Scott J. Evernham, Chief Risk Officer of Old National Bancorp, filed a Form 4 on April 19, 2024, reporting changes in beneficial ownership of the company's common stock.
• On March 28, 2024, Evernham acquired 54 shares of common stock at $16.5395 per share through the Old National Bancorp Employee Stock Purchase Plan.
• Between December 16, 2023, and March 15, 2024, Evernham acquired 751 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 121,420 shares of Old National Bancorp common stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as the document simply reports required insider trading activity. The insider's participation in the employee stock purchase plan and dividend reinvestment is a mildly positive signal.

Positives

• The reporting person is actively participating in the Employee Stock Purchase Plan, indicating confidence in the company.
• Dividend reinvestment further demonstrates a long-term investment strategy.

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 as they can provide insights into management's views on the company's prospects.

Comparison to Industry Standards

• Comparing insider transactions to peers like Fifth Third Bancorp or Huntington Bancshares could provide context, but this filing alone doesn't offer enough information for a comprehensive comparison.
• Generally, consistent participation in employee stock purchase plans is viewed positively, aligning with typical insider activity in the banking sector.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• Employee participation in stock purchase plans can boost employee morale.

Key Dates