Old National Bancorp (ONB) legal chief sells 20,000 shares
Rhea-AI Filing Summary
Old National Bancorp Chief Legal Officer & Corporate Secretary Nicholas J. Chulos sold 20,000 shares of common stock on July 28, 2026 at $26.6596 per share, leaving 53,544 shares held directly. The sale is described as for estate planning and portfolio diversification, and he also reports indirect holdings in an ONB 401(k) plan and family trusts.
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Insights
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Insider Trade Summary
Net Seller: 20,000 shares
Net Sell
4 txns
Insider
Chulos Nicholas J
Role
Chief Legal Officer & Corp Sec
Sold
20,000 shs ($533K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 20,000 | $26.6596 | $533K |
| holding | Common Stock F1 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 53,544 shares (Direct);
Common Stock — 14,015 shares (Indirect, ONB Employee Stock Ownership and Savings Plan 401(k));
Common Stock — 20,439 shares (Indirect, By Trust for Spouse);
Common Stock — 20,438 shares (Indirect, By Trust)
Footnotes (1)
- F1. Between March 17, 2026 and June 15, 2026, the Reporting Person acquired 81 shares of Old National Bancorp common stock pursuant to the dividend reinvestment feature of the Old National Bancorp Employee Stock Ownership and Savings Plan 401(K).
Key Figures
Shares sold: 20,000 shares
Sale price: $26.6596 per share
Direct holdings after sale: 53,544 shares
+4 more
7 metrics
Shares sold
20,000 shares
Common stock sale by Nicholas J. Chulos on July 28, 2026
Sale price
$26.6596 per share
Price per share for 20,000 ONB shares sold
Direct holdings after sale
53,544 shares
Common stock directly held by Chulos following the transaction
401(k) plan holdings
14,015 shares
Indirectly held through ONB Employee Stock Ownership and Savings Plan 401(k)
Spousal trust holdings
20,439 shares
Indirect holdings reported as "By Trust for Spouse"
Trust holdings
20,438 shares
Indirect holdings reported as "By Trust"
Dividend reinvestment shares
81 shares
Acquired between March 17 and June 15, 2026 via dividend reinvestment in 401(k) plan
Key Terms
estate planning, securities portfolio diversification, dividend reinvestment, Employee Stock Ownership and Savings Plan 401(K)
4 terms
estate planning financial
"Shares were sold for estate planning and securities portfolio diversification"
A set of instructions and legal steps that decide who gets your money, property and other assets, and who will manage them if you become unable to do so. For investors it matters because thoughtful planning can reduce taxes and delays, protect heirs, and keep investments from being tied up in court—think of it as a clear map and emergency kit that preserves value and directs where assets go when you can’t.
securities portfolio diversification financial
"Shares were sold for estate planning and securities portfolio diversification"
dividend reinvestment financial
"acquired 81 shares ... pursuant to the dividend reinvestment feature"
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
Employee Stock Ownership and Savings Plan 401(K) financial
"Old National Bancorp Employee Stock Ownership and Savings Plan 401(K)"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Nicholas J. Chulos report for ONB?
Nicholas J. Chulos reported selling 20,000 shares of Old National Bancorp common stock on July 28, 2026 at $26.6596 per share. After this sale, he directly held 53,544 shares, plus additional indirect holdings through retirement and trust accounts.
What indirect ONB holdings does Chulos report in the Form 4 filing?
Chulos reports 14,015 ONB shares indirectly through the ONB Employee Stock Ownership and Savings Plan 401(k), 20,439 shares held by a trust for his spouse, and 20,438 shares held by another trust, in addition to his directly held shares.