Old National Bancorp (ONB) director awarded 349 phantom stock units as fees
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Salmon Tom
Role
null
| 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 shares (Direct, null)
Footnotes (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. 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
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.
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.