Old National (NASDAQ: ONB) CRO gets share award, surrenders stock for taxes
Rhea-AI Filing Summary
Old National Bancorp Chief Risk Officer Scott J. Evernham reported equity compensation activity in the company’s common stock. He received a grant of 13,910 shares as an earned performance share award, with no cash price per share listed for the grant.
To cover tax withholding obligations upon vesting of this performance share award, 6,800 shares were surrendered at $21.51 per share, which is a non-market, tax-related disposition rather than an open-market sale. After these transactions, he directly holds 149,220 shares of common stock, plus additional indirect holdings through a 401(k) plan and custodial accounts for his daughters.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 7,110 shares
Net Buy
6 txns
Insider
Evernham Scott J
Role
CHIEF RISK OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 13,910 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 6,800 | $21.51 | $146K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 149,220 shares (Direct);
Common Stock — 544 shares (Indirect, ONB Employee Stock Ownership and Savings Plan 401(k));
Common Stock — 200 shares (Indirect, Custodian for Aliza Kaye Evernham, Daughter);
Common Stock — 200 shares (Indirect, Custodian for Lucia Joelle Evernham, Daughter);
Common Stock — 200 shares (Indirect, Custodian for Mora Evlynn Evernham, Daughter)
Footnotes (5)
- F1. Earned performance share award.
- F2. 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.
- F3. Includes 1,440 shares of the Issuer's common stock issued for the accrued dividends on the performance share award.
- F4. Between December 16, 2025 and March 16, 2026, the Reporting Person acquired 4 shares of Old National Bancorp common stock pursuant to the dividend reinvestment feature of the Stock Purchase and Dividend Reinvestment Plan.
- F5. Between December 16, 2025 and March 16, 2026, the Reporting Person acquired 4 shares of Old National Bancorp common stock pursuant to the dividend reinvestment feature of the ONB Employee Stock Ownership and Savings Plan 401(k).
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FAQ
What did ONB’s Chief Risk Officer report in this Form 4 filing?
Old National Bancorp’s Chief Risk Officer reported an earned performance share award and related tax withholding. He received 13,910 common shares and surrendered 6,800 shares to cover tax obligations, reflecting routine equity compensation rather than open-market trading activity.
Does this ONB Form 4 show any open-market buying or selling?
The Form 4 for Old National Bancorp shows compensation-related equity activity and tax withholding, but no open-market purchases or sales. The grant is coded as an award, and the surrendered shares were used to pay taxes on the vested performance share award.
What do the dividend reinvestment footnotes in ONB’s Form 4 indicate?
The footnotes state that small numbers of Old National Bancorp shares were acquired via dividend reinvestment in the stock purchase plan and the 401(k) plan. These reflect automatic reinvestment of dividends rather than discretionary market trades by the executive.