Old National (ONB) CFO granted 12,363 shares, surrenders 6,144 for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Old National Bancorp’s Chief Financial Officer John V. Moran reported a compensation-related stock transaction. He received a grant of 12,363 shares of common stock as an earned performance share award, which includes 1,279 shares issued for accrued dividends. To cover tax withholding obligations upon vesting of this performance share award, 6,144 shares were surrendered back to the company at a price of $21.51 per share, a non-market, tax-withholding disposition. After these transactions, Moran directly holds 122,764 shares of Old National Bancorp common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Moran John V
Role
CHIEF FINANCIAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 12,363 | $0.00 | -- |
| Tax Withholding | Common Stock | 6,144 | $21.51 | $132K |
Holdings After Transaction:
Common Stock — 127,629 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 1,279 shares of the Issuer's common stock issued for the accrued dividends on the performance share award.
FAQ
What insider transaction did Old National Bancorp (ONB) CFO John Moran report?
Old National Bancorp CFO John V. Moran reported a stock-based compensation event. He received 12,363 common shares from an earned performance share award, then surrendered 6,144 shares to satisfy related tax withholding, resulting in a net increase in his direct holdings.
What do the footnotes in John Moran’s Old National Bancorp Form 4 explain?
The footnotes explain that the 12,363-share award is an earned performance share grant, that 6,144 shares were surrendered to cover tax withholding, and that 1,279 of the granted shares represent common stock issued for dividends accrued on the performance share award.