Form 4: Old National Bancorp: Former CFO Falconer Disposes of Shares Following Separation Agreement

Brendon B. Falconer, former CFO of Old National Bancorp, disposed of shares to cover tax obligations and forfeited restricted shares as part of a separation agreement.

Summary

• Brendon B. Falconer, the former Chief Financial Officer of Old National Bancorp, filed a Form 4 detailing changes in beneficial ownership.
• On August 31, 2024, Falconer surrendered 7,364 shares of common stock at $19.85 per share to satisfy tax withholding obligations related to vesting restricted stock awards.
• This transaction was executed according to the terms of the Mutual Separation Agreement dated August 28, 2024.
• Falconer also forfeited 39,297 restricted shares of Old National Bancorp's common stock, also pursuant to the Separation Agreement.
• Following these transactions, Falconer directly owns 42,051 shares of Old National Bancorp common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to an executive's departure. It doesn't inherently convey positive or negative sentiment, but rather reports factual transactions.

Industry Context

Form 4 filings are standard practice when corporate insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.

Key Dates