Old National Bancorp (ONB) CCO details direct and 401(k) share stake
Rhea-AI Filing Summary
OLD NATIONAL BANCORP (ONB) reported that Kathy A. Schoettlin, its Chief Communications Officer, filed an initial statement of beneficial ownership of securities. She reported direct ownership of 103,184.981 shares of ONB common stock and indirect ownership of 1,446.329 shares through the ONB Employee Stock Ownership and Savings Plan 401(k).
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Schoettlin Kathy A
Role
CHIEF COMMUNICATIONS OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 103,184.981 shares (Direct);
Common Stock — 1,446.329 shares (Indirect, ONB Employee Stock Ownership and Savings Plan 401(k))
Key Figures
Directly owned common stock: 103,184.981 shares
Indirectly owned common stock: 1,446.329 shares
Holding entries: 2
3 metrics
Directly owned common stock
103,184.981 shares
Common Stock directly owned by Kathy A. Schoettlin following the reported holdings
Indirectly owned common stock
1,446.329 shares
Common Stock indirectly owned through ONB Employee Stock Ownership and Savings Plan 401(k)
Holding entries
2
Number of holding entries reported in the transaction summary
Key Terms
beneficial ownership, indirect ownership, ONB Employee Stock Ownership and Savings Plan 401(k), Power of Attorney
4 terms
beneficial ownership financial
"filed an initial statement of beneficial ownership of securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
indirect ownership financial
"indirect ownership of 1,446.329 shares through the ONB Employee Stock"
ONB Employee Stock Ownership and Savings Plan 401(k) financial
"shares through the ONB Employee Stock Ownership and Savings Plan 401(k)"
Power of Attorney regulatory
"The remark indicates that a Power of Attorney (filed as Exhibit 24)"
A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.
FAQ
Who is the insider reporting ownership in ONB on this Form 3?
The insider is Kathy A. Schoettlin, who serves as Chief Communications Officer of OLD NATIONAL BANCORP (ONB). She filed an initial statement of beneficial ownership of ONB common stock as an officer of the company.
Does this ONB Form 3 report any recent purchases or sales of stock?
No specific purchases or sales are reported. The Form 3 lists holding entries showing the number of ONB common shares beneficially owned directly and indirectly, without identifying any buy or sell transactions.
What does the remark 'EXHIBIT 24 - POWER OF ATTORNEY' mean in this ONB filing?
The remark indicates that a Power of Attorney (filed as Exhibit 24) is associated with this Form 3. This typically authorizes another person to sign and submit SEC ownership forms on the reporting person’s behalf.
AI-generated analysis. How Rhea-AI works. Not financial advice.
