Old National Bancorp (ONB) COO surrenders 2,335 shares for tax withholding
Rhea-AI Filing Summary
Old National Bancorp reported that President and Chief Operating Officer Timothy M. Burke Jr. surrendered 2,335 shares of common stock on August 1, 2026 at $26.64 per share. The shares were withheld to satisfy tax obligations on vesting of a restricted stock award, leaving him with 54,084 shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,335 shares
Net Sell
1 txn
Insider
BURKE TIMOTHY M JR
Role
PRESIDENT, CHIEF OPERATING OFC
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 2,335 | $26.64 | $62K |
Holdings After Transaction:
Common Stock — 54,084 shares (Direct)
Footnotes (1)
- F1. Reflects shares of the Issuer's common stock surrendered by the Reporting Person to satisfy tax withholding obligations upon the vesting of shares granted under a restricted stock award.
Key Figures
Shares surrendered for taxes: 2,335 shares
Tax withholding price: $26.64 per share
Shares owned after transaction: 54,084 shares
3 metrics
Shares surrendered for taxes
2,335 shares
Common Stock surrendered on August 1, 2026 to satisfy tax withholding obligations
Tax withholding price
$26.64 per share
Per-share value applied to Common Stock surrendered for tax withholding
Shares owned after transaction
54,084 shares
Directly owned Old National Bancorp common stock following August 1, 2026 disposition
Key Terms
tax withholding obligations, restricted stock award, vesting
3 terms
tax withholding obligations financial
"to satisfy tax withholding obligations upon the vesting of shares"
restricted stock award financial
"vesting of shares granted under a restricted stock award"
A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.
vesting financial
"upon the vesting of shares granted under a restricted stock award"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Old National Bancorp (ONB) report in this Form 4?
Old National Bancorp reported that Timothy M. Burke Jr. surrendered 2,335 shares of common stock at $26.64 per share. The shares were delivered back to the issuer to cover tax withholding obligations arising from the vesting of a restricted stock award.
Who is Timothy M. Burke Jr. in relation to Old National Bancorp (ONB)?
Timothy M. Burke Jr. is the President and Chief Operating Officer of Old National Bancorp. The Form 4 reflects his personal disposition of common stock to satisfy tax withholding tied to the vesting of a restricted stock award granted as part of his compensation.
Was the Old National Bancorp (ONB) insider transaction made under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as an affirmative plan transaction. Available data do not indicate that Timothy M. Burke Jr.’s tax-withholding share surrender was executed pursuant to a pre-arranged Rule 10b5-1 trading plan.