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 company stock related to a restricted stock award and tax obligations.

Summary

• On March 1, 2024, Scott J. Evernham, Chief Risk Officer of Old National Bancorp, acquired 21,281 shares of common stock through a restricted stock award.
• On the same date, Evernham disposed of 1,703 shares to cover tax withholding obligations at a price of $16.39 per share.
• On March 2, 2024, Evernham disposed of 1,592 shares to cover tax withholding obligations at a price of $16.39 per share.
• Following these transactions, Evernham directly owns 120,615 shares of Old National Bancorp common stock.
• Evernham also indirectly owns 511 shares through the ONB Employee Stock Ownership and Savings Plan and 200 shares each as custodian for his three daughters: Aliza Kaye Evernham, Lucia Joelle Evernham, and Mora Evlynn Evernham.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing primarily reflects routine transactions related to executive compensation. The acquisition of shares is a positive sign, but the disposal for tax obligations is a standard procedure.

Positives

• The acquisition of 21,281 shares through a restricted stock award indicates confidence in the company's future performance.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and alignment with shareholder interests.

Comparison to Industry Standards

• Tracking insider transactions is a common practice in financial analysis.
• Comparing Evernham's holdings and transactions to those of other executives at Old National Bancorp and peer institutions could provide further insights.
• Analyzing the vesting schedules and tax implications of restricted stock awards is a standard part of executive compensation analysis.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.

Key Dates