Form 4: Old National Bancorp: Officer Reports Changes in Beneficial Ownership

Nicholas J. Chulos, Chief Legal Officer & Corp Sec of Old National Bancorp, reports transactions involving common stock, including acquisition of shares via restricted stock award and disposal to cover tax obligations.

Summary

• On March 1, 2025, Nicholas J. Chulos, Chief Legal Officer & Corp Sec of Old National Bancorp, acquired 10,422 shares of common stock through a restricted stock award.
• On the same date, Chulos disposed of 6,172 shares of common stock at $23.75 to satisfy tax withholding obligations.
• On March 2, 2025, Chulos disposed of 1,628 shares of common stock at $23.75 to satisfy tax withholding obligations.
• Following these transactions, Chulos directly owns 48,352 shares of common stock.
• Chulos also indirectly owns 13,490 shares through the ONB Employee Stock Ownership and Savings Plan 401(k), 35,439 shares by trust for spouse, and 35,438 shares by trust.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing reflects routine transactions related to executive compensation and tax obligations, with no indication of significant positive or negative developments.

Positives

• The acquisition of 10,422 shares through a restricted stock award indicates confidence in the company's future performance.

Negatives

• The disposal of 7,800 shares to cover tax obligations, while routine, slightly reduces the officer's direct holdings.

Industry Context

This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company officers and directors.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders, ensuring compliance with SEC regulations.
• Similar filings are made by officers and directors of comparable financial institutions like Fifth Third Bancorp and Huntington Bancshares, reflecting similar compensation structures and reporting requirements.

Stakeholder Impact

• The transactions have a minimal direct impact on shareholders, employees, customers, suppliers, and creditors.

Key Dates