13G Filing: State Street's 4.3% Stake in Old National Bancorp

Rhea-AI Filing Summary

State Street Corporation reported beneficial ownership of 15,775,588 shares of Old National Bancorp common stock, equal to 4.3% of the class. The filing shows shared voting power of 2,206,469 shares and shared dispositive power over 15,775,588 shares, with no sole voting or dispositive power. The statement certifies the securities are held in the ordinary course of business and not to influence control of the issuer.

The Schedule 13G identifies several State Street subsidiaries that hold the position for advisory clients, and the disclosure classifies the position as ownership of 5 percent or less, indicating a passive investment rather than an activist stake.

Insights

Financial Analyst

TL;DR State Street discloses a passive 4.3% stake with shared voting influence, not a control position.

The filing documents that State Street beneficially owns 15,775,588 shares of ONB, representing 4.3% of the class. Reported powers show 0 sole voting and 2,206,469 shared voting, with shared dispositive power over the full 15,775,588 shares. The Item 10 certification explicitly states the holdings are in the ordinary course of business and not intended to change or influence issuer control. For investors, this signals a sizeable passive ownership position held by an institutional custodian/asset manager rather than an activist stake.

Corporate Governance Expert

TL;DR Shared voting authority exists but no sole control; subsidiaries hold the position for clients.

The Schedule 13G names multiple State Street affiliates as the entities through which the securities are held, indicating fiduciary or advisory arrangements rather than direct control. The filing flags the position as "Ownership of 5 percent or less of a class" and includes a certification that the shares were not acquired to affect control. The governance implication is limited: State Street has some shared voting influence on 2,206,469 shares but lacks sole voting or dispositive authority to unilaterally change board or strategic outcomes.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

OLD NATIONAL BANCORP/IN

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

680033107

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 680033107

1

Names of Reporting Persons

STATE STREET CORPORATION

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MASSACHUSETTS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,206,469.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 15,775,588.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

15,775,588.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.3 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: OLD NATIONAL BANCORP/IN
(b)	Address of issuer's principal executive offices: ONE MAIN STREET , EVANSVILLE, INDIANA, 47708
Item 2.
(a)	Name of person filing: STATE STREET CORPORATION;
(b)	Address or principal business office or, if none, residence: ONE CONGRESS STREET, SUITE 1, BOSTON MA 02114, UNITED STATES
(c)	Citizenship: MA
(d)	Title of class of securities: COMMON STOCK
(e)	CUSIP No.: 680033107
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 15775588.00
(b)	Percent of class: 4.3 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 2,206,469
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 15,775,588
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. NOT APPLICABLE
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. SSGA FUNDS MANAGEMENT, INC. (IA);STATE STREET GLOBAL ADVISORS EUROPE LIMITED (IA);STATE STREET GLOBAL ADVISORS LIMITED (IA);STATE STREET GLOBAL ADVISORS TRUST COMPANY (IA);STATE STREET GLOBAL ADVISORS, AUSTRALIA, LIMITED (IA);STATE STREET GLOBAL ADVISORS, LTD. (IA);
Item 8.	Identification and Classification of Members of the Group.
	If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group. NOT APPLICABLE
Item 9.	Notice of Dissolution of Group.
	Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5. NOT APPLICABLE

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

STATE STREET CORPORATION

Signature:	ELIZABETH SCHAEFER
Name/Title:	SENIOR VICE PRESIDENT, CHIEF ACCOUNTING OFFICER
Date:	08/08/2025

FAQ

How many ONB shares does State Street beneficially own?

State Street beneficially owns 15,775,588 shares of Old National Bancorp common stock.

What percentage of ONB does State Street own?

The reported stake represents 4.3% of the outstanding class.

Does State Street have sole voting or dispositive power over ONB shares?

No. The filing reports 0 shares with sole voting power and 0 shares with sole dispositive power.

How much voting power does State Street share for ONB?

State Street reports shared voting power on 2,206,469 shares.

Is the position intended to influence control of Old National Bancorp (ONB)?

No. The Item 10 certification states the securities are held in the ordinary course of business and were not acquired to change or influence control.