OLD NATIONAL BANCORP (ONB) exec gets 18,133 shares; 9,709 withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
OLD NATIONAL BANCORP executive Chady M. Alahmar, CEO of Wealth Management, received a grant of 18,133 shares of common stock as an earned performance share award, including 1,877 shares issued for accrued dividends.
On the same date, 9,709 shares were surrendered at $21.51 per share to cover tax withholding obligations tied to the vesting of this performance award, rather than sold in the open market. Following these transactions, Alahmar directly holds 75,143 shares of OLD NATIONAL BANCORP common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
ALAHMAR CHADY M.
Role
CEO, WEALTH MANAGEMENT
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 18,133 | $0.00 | -- |
| Tax Withholding | Common Stock | 9,709 | $21.51 | $209K |
Holdings After Transaction:
Common Stock — 82,975 shares (Direct)
Footnotes (1)
- Earned performance share award. Reflects shares of the Issuer's common stock surrendered by the Reporting Person to satisfy tax withholding obligations upon the vesting of shares earned under a performance share award. Includes 1,877 shares of the Issuer's common stock issued for the accrued dividends on the performance share award.
FAQ
What did ONB executive Chady M. Alahmar report in this Form 4?
Chady M. Alahmar reported receiving an 18,133-share earned performance share award in OLD NATIONAL BANCORP common stock, then surrendering 9,709 shares to satisfy tax withholding upon vesting. These are compensation-related transactions rather than open-market trades.
Does this ONB Form 4 suggest a change in insider sentiment?
The filing primarily reflects routine compensation and related tax withholding, not discretionary buying or selling. It shows an earned performance share award and automatic share surrender for taxes, which typically carries less informational value about insider views on the stock.