Form 4: Old National Bancorp Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Angela L. Putnam, Chief Accounting Officer of Old National Bancorp, disposed of 717 shares of common stock to cover tax obligations related to vesting restricted stock.
Summary
- On March 21, 2024, Angela L. Putnam, Chief Accounting Officer of Old National Bancorp, disposed of 717 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations upon the vesting of shares granted under a restricted stock award.
- The shares were disposed of at a price of $17.12 per share.
- Following the transaction, Putnam directly owns 48,773 shares of Old National Bancorp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an executive's stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of insider trading activity and are required by the SEC to provide transparency into the transactions of company executives and other insiders. This transaction is a common occurrence where executives sell shares to cover tax obligations related to vesting equity awards.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/21/2024 | Date of transaction: Angela L. Putnam disposed of shares. |
| 03/22/2024 | Date of signature on the Form 4 filing. |
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