Old National Bancorp (ONB) HR chief details stock and phantom units
Rhea-AI Filing Summary
OLD NATIONAL BANCORP (ONB) reports initial insider holdings for Caroline J. Ellspermann, Chief People Officer. She reports 174,922.0000 shares of ONB common stock held directly, plus several indirect positions, including IRA, spouse, and 401(k) plan holdings, and phantom stock units under an executive deferred compensation plan.
Indirect positions include common stock in an IRA, shares held by her spouse, and 7,406.0729 shares through the ONB Employee Stock Ownership and Savings Plan 401(k). She also holds phantom stock units representing 2,787.8056 underlying shares of ONB common stock, payable in cash in accordance with the executive deferred compensation plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Ellspermann Caroline J
Role
CHIEF PEOPLE OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Phantom Stock ONB Executive Deferred Compensation Plan F1 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock ONB Executive Deferred Compensation Plan — 2,787.8056 shares (Indirect, Indirect by Spouse);
Common Stock — 174,922 shares (Direct);
Common Stock — 1,444 shares (Indirect, Indirect by IRA);
Common Stock — 7,406.0729 shares (Indirect, ONB Employee Stock Ownership and Savings Plan 401(k));
Common Stock — 7,390 shares (Indirect, Indirect by Spouse)
Footnotes (1)
- F1. Represents shares of phantom stock previously acquired pursuant to a bi-weekly payroll deferral election into the Old National Bancorp Executive Deferred Compensation Plan (the "Plan"). The shares of phantom stock represent shares of Old National Bancorp common stock on a 1-for-1 basis and are payable in cash upon distribution to the participant in accordance with the terms of the Plan.
Key Figures
Direct common stock holdings: 174,922.0000 shares
Phantom stock underlying shares: 2,787.8056 shares
Common stock via IRA (indirect): 1,444.0000 shares
+2 more
5 metrics
Direct common stock holdings
174,922.0000 shares
Total ONB common stock held directly by Caroline J. Ellspermann
Phantom stock underlying shares
2,787.8056 shares
Underlying ONB common stock represented by phantom stock units, payable in cash
Common stock via IRA (indirect)
1,444.0000 shares
ONB common stock held indirectly by IRA
Common stock held by spouse (indirect)
7,390.0000 shares
ONB common stock held indirectly by spouse
Common stock in ESOP 401(k) (indirect)
7,406.0729 shares
ONB common stock through ONB Employee Stock Ownership and Savings Plan 401(k)
Key Terms
Phantom Stock, Executive Deferred Compensation Plan, Employee Stock Ownership and Savings Plan 401(k)
3 terms
Phantom Stock financial
"Represents shares of phantom stock previously acquired pursuant to a bi-weekly"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
Executive Deferred Compensation Plan financial
"deferral election into the Old National Bancorp Executive Deferred Compensation Plan"
Employee Stock Ownership and Savings Plan 401(k) financial
"nature_of_ownership": "ONB Employee Stock Ownership and Savings Plan 401(k)"
FAQ
What does the Form 3 filing for ONB disclose about Caroline J. Ellspermann’s holdings?
The Form 3 shows that Caroline J. Ellspermann, Chief People Officer of ONB, holds 174,922.0000 shares of common stock directly, plus several indirect holdings through an IRA, spouse accounts, a 401(k) plan, and phantom stock units tied to ONB common stock.
What are the phantom stock units reported by Caroline J. Ellspermann in ONB?
She reports phantom stock under the Old National Bancorp Executive Deferred Compensation Plan, representing 2,787.8056 underlying shares of ONB common stock on a 1-for-1 basis, payable in cash upon distribution under the plan terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
