Form 4: ONB Chief Credit Officer Sells Shares for Tax Obligations

Carrie S. Goldfeder, Chief Credit Officer of Old National Bancorp, reported the disposition of 2,828 common shares to satisfy tax withholding obligations.

Summary

• Carrie S. Goldfeder, Chief Credit Officer of Old National Bancorp (ONB), filed a Form 4 detailing recent transactions in company stock.
• On January 1, 2026, Goldfeder disposed of 2,828 shares of ONB common stock at a price of $22.31 per share.
• This disposition was made to satisfy tax withholding obligations upon the vesting of a previously granted restricted stock award.
• Following this transaction, Goldfeder directly beneficially owns 42,690 shares of ONB common stock.
• Between March 17, 2025, and December 15, 2025, Goldfeder acquired an additional 200 shares of ONB common stock through the company's dividend reinvestment plan.

Sentiment

Score: 5

Explanation: The transaction is a routine disposition of shares to cover tax obligations upon the vesting of restricted stock, which is a common occurrence for executives. The simultaneous acquisition of shares via dividend reinvestment balances the sentiment, indicating continued long-term investment.

Positives

• The reporting person acquired 200 shares of common stock through a dividend reinvestment plan, indicating continued investment in the company.

Negatives

• The disposition of 2,828 shares, even for tax purposes, reduces the direct beneficial ownership of the Chief Credit Officer.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This Form 4 filing details a routine insider transaction, specifically a tax-related disposition of shares by a corporate officer. Such transactions are common in the financial services industry when restricted stock awards vest, and they typically do not reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Minimal impact as it is a routine, tax-related insider transaction and not indicative of a change in company fundamentals or management's confidence.
• Employees: No direct impact mentioned.

Key Dates

Recommendation

The Form 4 filing details a routine insider transaction where the Chief Credit Officer disposed of shares to cover tax liabilities from a restricted stock award. This is a common practice and does not signal a change in the company's fundamentals or management's long-term outlook. The simultaneous acquisition of shares through a dividend reinvestment plan further supports a neutral stance. Therefore, a 'hold' recommendation is appropriate as this filing provides no new information to alter an investor's existing position.

Keywords

Old National Bancorp, ONB, Carrie S. Goldfeder, Chief Credit Officer, Insider Trading, Form 4, Stock Sale, Tax Withholding, Restricted Stock, Dividend Reinvestment