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

Angela L. Putnam, Chief Accounting Officer of Old National Bancorp, disposed of shares to cover tax withholding obligations related to vesting restricted stock.

Summary

• On March 21, 2025, Angela L. Putnam, Chief Accounting Officer of Old National Bancorp, disposed of 2,603 shares of common stock at a price of $21.2 per share.
• The transaction was executed to satisfy tax withholding obligations upon the vesting of shares earned under a previously granted restricted stock award.
• Following the transaction, Putnam directly owns 63,057 shares of Old National Bancorp common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing reflects a routine transaction for tax purposes. It doesn't indicate any fundamental change in the company's prospects or the executive's confidence.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction appears to be a standard tax-related sale, which is common when restricted stock vests.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale of shares for tax purposes.

Key Dates

Keywords

Form 4, insider trading, share disposal, tax withholding, restricted stock, ONB, Old National Bancorp, Angela L. Putnam, Chief Accounting Officer