FMR discloses 9% stake in Old National Bancorp
FMR LLC and Abigail P. Johnson report beneficial ownership of 35,130,491.95 shares of Old National Bancorp common stock, representing 9.0% of the class, as of the event date specified in the filing.
Rhea-AI Filing Summary
FMR LLC and Abigail P. Johnson report beneficial ownership of 35,130,491.95 shares of Old National Bancorp common stock, representing 9.0% of the class, as of the event date specified in the filing.
FMR LLC holds sole voting power over 35,103,177 shares and sole dispositive power over 35,130,491.95 shares, with no shared voting or dispositive power. The securities are stated to be held in the ordinary course of business and not for the purpose of changing or influencing control of Old National Bancorp.
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Insights
Large institutional holder reports a 9% passive stake in Old National Bancorp.
FMR LLC, with Abigail P. Johnson as an additional reporting person, discloses beneficial ownership of 35,130,491.95 Old National Bancorp common shares, or 9.0% of the class. FMR reports sole voting power for 35,103,177 shares and sole dispositive power for the full 35,130,491.95 shares.
The certification states the position is held in the ordinary course of business and not to change or influence control, which aligns with a passive institutional investment. One or more other persons may have rights to dividends or sale proceeds, but no other person’s interest exceeds 5% of the outstanding common stock.
This level of ownership indicates Old National Bancorp has a significant institutional shareholder, but the passive intent language means any impact depends mainly on future portfolio decisions and market conditions, rather than an explicit control or activism objective disclosed here.
FAQ
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How much of Old National Bancorp (ONB) stock does FMR LLC own?
Is FMR LLC’s 9% stake in Old National Bancorp (ONB) an activist position?
What role does Abigail P. Johnson have in the Old National Bancorp (ONB) stake?
Does any other investor hold more than 5% of Old National Bancorp (ONB) through FMR’s position?
Why was this Schedule 13G/A filed for Old National Bancorp (ONB)?
AI-generated analysis. How Rhea-AI works. Not financial advice.