Form 4: Old National Bancorp Executive Scott J. Evernham Reports Stock Transactions

Scott J. Evernham, Chief Risk Officer of Old National Bancorp, reports acquisition of shares through employee stock purchase plan and dividend reinvestment, along with indirect ownership through family members.

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 September 30, 2024, Evernham acquired 51 shares of common stock at $17.727 per share through the Old National Bancorp Employee Stock Purchase Plan.
• Between June 18, 2024, and September 16, 2024, he acquired 664 shares through dividend reinvestment.
• He also has indirect ownership of 200 shares each through custodial accounts for his three daughters: Aliza Kaye Evernham, Lucia Joelle Evernham, and Mora Evlynn Evernham.
• Evernham's total direct holdings after these transactions amount to 122,983 shares.
• He also has indirect ownership through the ONB Employee Stock Ownership and Savings Plan, totaling 524 shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects routine transactions by an executive, indicating continued investment in the company but without strong positive or negative implications.

Positives

• The acquisition of shares through the Employee Stock Purchase Plan and dividend reinvestment indicates a continued investment and confidence in Old National Bancorp by a key executive.

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 sentiment and potential future performance.

Comparison to Industry Standards

• Comparing Evernham's holdings and transactions to those of executives at similar regional banks (e.g., Fifth Third Bancorp, KeyCorp) would provide context on whether his level of ownership is typical.
• Analyzing the frequency and size of insider transactions across the banking sector can reveal broader trends in executive sentiment.

Stakeholder Impact

• The reported transactions provide transparency to shareholders regarding insider activity.
• The acquisitions may have a minor positive impact on shareholder confidence.

Key Dates