Old National Bancorp (ONB) director receives 342 phantom stock units under deferred plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Old National Bancorp director Tom Salmon received a routine phantom stock grant tied to his director fees. On the transaction date, he acquired 342 units of phantom stock under the Old National Bancorp Directors' Deferred Compensation Plan at a reference price of $22.52 per unit.
The phantom stock mirrors Old National Bancorp common stock on a 1-for-1 basis but is settled in cash when paid out under the plan. Following this award, Salmon’s phantom stock balance under the plan increased to 51,109 units. A footnote also notes that between September 16, 2025 and March 16, 2026 he acquired 639 shares of common stock through the plan’s dividend reinvestment feature.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Salmon Tom
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock ONB Directors Deferred Compensation Plan | 342 | $22.52 | $8K |
Holdings After Transaction:
Phantom Stock ONB Directors Deferred Compensation Plan — 51,109 shares (Direct)
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 September 16, 2025 and March 16, 2026, the Reporting Person acquired 639 shares of Old National Bancorp common stock pursuant to the Dividend Reinvestment feature of the Plan.
Key Figures
Phantom stock units granted: 342 units
Reference price per unit: $22.52 per unit
Phantom units after transaction: 51,109 units
+1 more
4 metrics
Phantom stock units granted
342 units
Phantom Stock ONB Directors Deferred Compensation Plan grant
Reference price per unit
$22.52 per unit
Price used to calculate 342 phantom stock units
Phantom units after transaction
51,109 units
Total phantom stock balance following the grant
Dividend reinvestment shares
639 shares
Common stock acquired via dividend reinvestment between 09/16/2025 and 03/16/2026
Key Terms
Phantom Stock, Old National Bancorp Directors' Deferred Compensation Plan, Dividend Reinvestment, phantom stock, +1 more
5 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.
Old National Bancorp Directors' Deferred Compensation Plan financial
"acquired pursuant to the Old National Bancorp Directors' Deferred Compensation Plan (the "Plan")"
Dividend Reinvestment financial
"acquired 639 shares of Old National Bancorp common stock pursuant to the Dividend Reinvestment feature of the Plan"
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.
phantom stock financial
"The shares of phantom stock represent shares of Old National Bancorp common stock on a 1-for-1 basis"
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.
common stock financial
"represent shares of Old National Bancorp common stock on a 1-for-1 basis"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Old National Bancorp (ONB) director Tom Salmon report in this Form 4?
Tom Salmon reported receiving 342 units of phantom stock under Old National Bancorp’s Directors' Deferred Compensation Plan. This grant reflects quarterly director fees credited in phantom stock, which track ONB common shares but are ultimately settled in cash according to the plan’s terms.
What is the nature of the phantom stock granted to ONB director Tom Salmon?
The phantom stock represents a cash-settled award that tracks Old National Bancorp common stock on a 1-for-1 basis. Units are credited instead of shares, tied to director fees, and are payable in cash upon distribution in line with the Directors' Deferred Compensation Plan provisions.
How large is Tom Salmon’s phantom stock position at Old National Bancorp after this transaction?
After receiving 342 new phantom stock units, Tom Salmon holds 51,109 phantom stock units under the Old National Bancorp Directors' Deferred Compensation Plan. This reflects cumulative director fee deferrals credited in phantom stock, not actual shares, with eventual payouts made in cash under plan rules.
What price was used for Tom Salmon’s latest phantom stock grant at ONB?
The 342 phantom stock units were credited at a reference price of $22.52 per unit. This price is used for calculating the number of phantom units tied to quarterly director fees, even though the award is ultimately payable in cash under the plan’s distribution terms.
Did Tom Salmon acquire additional Old National Bancorp common stock through dividend reinvestment?
Yes. A footnote states that between September 16, 2025 and March 16, 2026, he acquired 639 shares of Old National Bancorp common stock through the dividend reinvestment feature of the Directors' Deferred Compensation Plan, adding to his holdings over that period.