Form 4: Old National Bancorp Executive Sells Shares to Cover Tax Obligations

Carrie S. Goldfeder, Chief Credit Officer at Old National Bancorp, sold 2,737 shares of common stock to cover tax obligations related to a restricted stock award.

Summary

• Carrie S. Goldfeder, the Chief Credit Officer of Old National Bancorp, sold 2,737 shares of the company's common stock on January 2, 2025.
• The sale was executed at a price of $21.7 per share.
• This transaction was to satisfy tax withholding obligations arising from the vesting of a restricted stock award.
• Following the transaction, Ms. Goldfeder directly owns 37,096 shares of Old National Bancorp stock.

Sentiment

Score: 5

Explanation: This is a neutral transaction related to tax obligations and does not indicate a change in the company's fundamentals or the executive's outlook on the company.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax liabilities when restricted stock vests.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across the financial industry.
• Many executives at comparable banks such as Fifth Third Bancorp (FITB) and Huntington Bancshares (HBAN) regularly file similar Form 4 documents when they sell shares for tax purposes.
• The number of shares sold and the price are within the typical range for such transactions.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale for tax purposes.

Key Dates

Keywords

Old National Bancorp, ONB, insider trading, Form 4, stock sale, executive, Carrie S. Goldfeder, Chief Credit Officer, restricted stock, tax obligations