Form 4: ONB CFO Sells Shares for Tax Obligations

Old National Bancorp's CFO, John V. Moran, disposed of 2,128 shares of common stock to cover tax withholding obligations related to a restricted stock award vesting.

Summary

• John V. Moran, Chief Financial Officer of Old National Bancorp (ONB), reported a transaction involving the company's common stock.
• On September 1, 2025, Mr. Moran disposed of 2,128 shares of common stock.
• The disposition was made at a price of $22.89 per share.
• This transaction was to satisfy tax withholding obligations upon the vesting of shares granted under a restricted stock award.
• Following this transaction, Mr. Moran beneficially owns 101,823 shares of Old National Bancorp common stock directly.

Sentiment

Score: 5

Explanation: The transaction is a routine tax-related disposition of shares upon vesting of a restricted stock award, not indicative of a change in sentiment towards the company or its future prospects.

Industry Context

This type of transaction, where executives dispose of shares to cover tax liabilities upon the vesting of restricted stock, is a standard and routine practice across all industries, particularly in financial services where executive compensation often includes equity awards.

Comparison to Industry Standards

• The disposition of shares for tax withholding upon restricted stock vesting is a common and expected event for executives receiving equity compensation, aligning with standard industry practices for managing executive stock awards.
• This transaction is not indicative of a change in the company's financial health or the executive's confidence, but rather a procedural step in compensation management.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes, not a sale driven by a change in investment outlook.

Key Dates

Recommendation

This Form 4 filing details a routine disposition of shares by the CFO to cover tax obligations upon the vesting of a restricted stock award. Such transactions are common and do not typically reflect a change in management's outlook or the company's fundamentals. Therefore, it provides no new information to warrant a change in investment recommendation.

Keywords

Old National Bancorp, ONB, John V. Moran, CFO, Insider Transaction, Form 4, Stock Disposition, Tax Withholding, Restricted Stock Award