ONB (ONB) wealth management CEO adds 73 shares through employee stock plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
OLD NATIONAL BANCORP executive Chady M. Alahmar, CEO of Wealth Management, reported an internal share transaction involving 73 shares of common stock at $24.605 per share. The footnote explains these shares were acquired through the Old National Bancorp Employee Stock Purchase Plan, a routine, exempt compensation-related program. Following this activity, his directly held stake is 75,302 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
ALAHMAR CHADY M.
Role
CEO, WEALTH MANAGEMENT
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 73 | $24.605 | $2K |
Holdings After Transaction:
Common Stock — 75,302 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Transaction shares: 73 shares
Transaction price: $24.605 per share
Post-transaction holdings: 75,302 shares
3 metrics
Transaction shares
73 shares
Common Stock, Form 4 transaction
Transaction price
$24.605 per share
Common Stock transaction reported
Post-transaction holdings
75,302 shares
Directly held common stock after transaction
Key Terms
Employee Stock Purchase Plan, Rule 16b-3(c), Common Stock, Form 4
4 terms
Employee Stock Purchase Plan financial
"Reflects shares acquired under the Old National Bancorp Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Rule 16b-3(c) regulatory
"acquired under the Old National Bancorp Employee Stock Purchase Plan that are exempt under Rule 16b-3(c)"
An SEC rule that lets corporate insiders avoid automatic "short‑swing" profit recovery when they buy or sell their company’s stock under a pre‑approved, written plan that meets specific conditions. For investors, it matters because it clarifies when insider trades are treated as routine, reducing legal uncertainty and helping distinguish trades made for ordinary compensation or pre‑planned reasons from those that might signal opportunistic or timely insider advantage.
Common Stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did ONB executive Chady M. Alahmar report?
Chady M. Alahmar reported an internal transaction involving 73 shares of OLD NATIONAL BANCORP common stock. The shares were tied to an employee plan, not an open-market trade, and are reflected in his updated direct holdings of 75,302 shares.
Was the ONB Form 4 transaction an open-market buy or sell?
The Form 4 transaction was not an open-market buy or sell. It is coded as an “other” transaction and the footnote states the 73 shares were acquired under the Old National Bancorp Employee Stock Purchase Plan, exempt under Rule 16b-3(c).
What does Rule 16b-3(c) mean for the ONB insider transaction?
The footnote states the 73 shares were acquired under an employee stock purchase plan exempt under Rule 16b-3(c). This indicates the transaction is treated as exempt from certain short-swing profit rules and is considered routine compensation-related activity rather than discretionary trading.