Form 4: ONB Chief Legal Officer Reports Stock Transactions

Old National Bancorp's Chief Legal Officer, Nicholas J. Chulos, reported the disposition of shares for tax withholding and the acquisition of a restricted stock award.

Summary

• Nicholas J. Chulos, Chief Legal Officer & Corporate Secretary of Old National Bancorp (ONB), reported transactions on March 1, 2026.
• Disposed of 5,220 shares of common stock at a price of $23.1 per share to satisfy tax withholding obligations upon the vesting of a previously granted restricted stock award.
• Acquired 10,340 shares of common stock through a restricted stock award grant.
• Following these transactions, Chulos directly owns 63,152 shares of common stock.
• Indirectly owns 13,841 shares via the ONB Employee Stock Ownership and Savings Plan 401(k), 20,439 shares by Trust for Spouse, and 20,438 shares by Trust.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event, reflecting routine executive compensation and tax management, with the grant of new restricted stock aligning executive interests.

Positives

• The grant of 10,340 shares of common stock as a restricted stock award indicates continued incentive and alignment of management interests with shareholders.

Negatives

• The disposition of 5,220 shares to cover tax withholding, while a standard practice, reduces direct ownership.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider transactions, particularly restricted stock awards and tax-related dispositions, are common occurrences in the financial services industry, reflecting standard executive compensation practices and tax obligations. These transactions for Old National Bancorp's Chief Legal Officer are typical for a company of its size and sector.

Stakeholder Impact

• Shareholders: The grant of restricted stock aligns executive incentives with shareholder value creation. The disposition for tax purposes is a routine administrative event.

Key Dates

Recommendation

The filing details routine insider transactions related to executive compensation and tax obligations. It does not provide new information that would fundamentally alter the investment thesis for Old National Bancorp, thus a 'hold' recommendation is appropriate.

Keywords

OLD NATIONAL BANCORP, ONB, Nicholas J Chulos, Form 4, Insider Trading, Restricted Stock Award, Stock Disposition, Tax Withholding, Executive Compensation