Old National director granted 349 phantom stock units

Old National Bancorp director Tom Salmon received a grant of 349 shares of phantom stock under the Directors' Deferred Compensation Plan on July 2, 2026, at a reference price of $26.0496 per share.

Rhea-AI Filing Summary

Old National Bancorp director Tom Salmon received a grant of 349 shares of phantom stock under the Directors' Deferred Compensation Plan on July 2, 2026, at a reference price of $26.0496 per share. After this award, he holds 51,756 phantom stock units, each tracking one share of common stock and payable in cash under the plan. A footnote also notes 298 common shares were acquired earlier through the plan’s dividend reinvestment feature.

Insider Trade Summary

Grant/Award: 349 shares

Grant/Award 1 txn

Insider Salmon Tom

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock ONB Directors Deferred Compensation Plan	349	$26.0496	$9K

Holdings After Transaction: Phantom Stock ONB Directors Deferred Compensation Plan — 51,756 contracts (Direct)

Footnotes (2)

1. F1. Represents shares of phantom stock acquired pursuant to the Old National Bancorp Directors' Deferred Compensation Plan (the "Plan") as a result of quarterly director fees paid in cash to the participant. 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.
2. F2. Between March 17, 2026 and June 15, 2026, the Reporting Person acquired 298 shares of Old National Bancorp common stock pursuant to the Dividend Reinvestment feature of the Plan.

Key Figures

Phantom stock units granted: 349 units Reference price per phantom unit: $26.0496 per unit Phantom stock units after transaction: 51,756 units +2 more

5 metrics

Phantom stock units granted 349 units Grant under Directors' Deferred Compensation Plan on July 2, 2026

Reference price per phantom unit $26.0496 per unit Grant valuation for 349 phantom stock units

Phantom stock units after transaction 51,756 units Total phantom holdings following the grant

Dividend reinvestment shares 298 shares Common shares acquired via Dividend Reinvestment between March 17 and June 15, 2026

Underlying common stock per phantom unit 1 share per unit 1-for-1 relationship between phantom stock and common stock

Key Terms

Phantom stock, Directors' Deferred Compensation Plan, Dividend Reinvestment feature, Grant, award, or other acquisition

4 terms

Phantom stock financial

"Represents shares of phantom stock acquired pursuant to the Old National Bancorp Directors' Deferred Compensation Plan"

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.

Directors' Deferred Compensation Plan financial

"acquired pursuant to the Old National Bancorp Directors' Deferred Compensation Plan (the "Plan") as a result of quarterly director fees"

Dividend Reinvestment feature financial

"acquired 298 shares of Old National Bancorp common stock pursuant to the Dividend Reinvestment feature of the Plan"

Grant, award, or other acquisition financial

"transaction code description shows "Grant, award, or other acquisition" for the phantom stock units"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did ONB director Tom Salmon report?

Tom Salmon reported receiving 349 phantom stock units tied to Old National Bancorp common stock. The award was granted under the Directors' Deferred Compensation Plan at a reference price of $26.0496 per unit, increasing his phantom stock holdings to 51,756 units.

Is Tom Salmon’s ONB Form 4 transaction a stock purchase or compensation?

The Form 4 shows a compensation-related grant of phantom stock, not an open-market stock purchase. Code A indicates a grant or award acquisition under the Directors' Deferred Compensation Plan, funded by quarterly director fees rather than discretionary buying.

How many ONB phantom stock units does Tom Salmon hold after this award?

Following the grant of 349 phantom stock units, Tom Salmon holds 51,756 phantom stock units. Each unit represents one share of Old National Bancorp common stock and is ultimately payable in cash according to the plan’s distribution terms.

What does phantom stock under ONB’s Directors’ Deferred Compensation Plan represent?

Phantom stock under the plan mirrors Old National Bancorp common stock on a one-for-one basis. Although it tracks share value, it is payable in cash upon distribution under plan terms, rather than delivering actual shares to the director.

What additional ONB shares did Tom Salmon receive via dividend reinvestment?

A footnote states that between March 17, 2026 and June 15, 2026, Tom Salmon acquired 298 shares of Old National Bancorp common stock through the Dividend Reinvestment feature of the Directors' Deferred Compensation Plan.

Does Tom Salmon’s ONB Form 4 show any stock sales or disposals?

The Form 4 shows only an acquisition coded A, reflecting a grant of 349 phantom stock units. Summary data indicate no reported sales, dispositions, gifts, tax-withholding events, or restructuring-related transfers in this filing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/07/2026 - 04:57 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Salmon Tom

(Last) (First) (Middle)

ONE MAIN STREET

(Street)

EVANSVILLE INDIANA 47708

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
OLD NATIONAL BANCORP /IN/ [ ONB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/02/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock ONB Directors Deferred Compensation Plan	(1)	07/02/2026		A		349(1)		(1)	(1)	Common Stock	349	$26.0496	51,756(2)	D

Explanation of Responses:

1. Represents shares of phantom stock acquired pursuant to the Old National Bancorp Directors' Deferred Compensation Plan (the "Plan") as a result of quarterly director fees paid in cash to the participant. 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.

2. Between March 17, 2026 and June 15, 2026, the Reporting Person acquired 298 shares of Old National Bancorp common stock pursuant to the Dividend Reinvestment feature of the Plan.

	/s/ Sharon K. Brantley, Paralegal, Attorney-in-Fact for Thomas E. Salmon	07/07/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)