Stephen C. van Arsdell - 15 Nov 2023 Form 4 Insider Report for OLD NATIONAL BANCORP /IN/ (ONB)

Role
Director
Signature
/s/ Andrea L. Stangl, Attorney-in-fact for Stephen C. Van Arsdell
Issuer symbol
ONB
Transactions as of
15 Nov 2023
Net transactions value
+$74,995
Form type
4
Filing time
16 Nov 2023, 19:54:54 UTC
Previous filing
12 Apr 2023
Next filing
29 Feb 2024
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ONB Phantom Stock - ONB Directors Deferred Compensation Plan Award $74,995 +5,003 +272% $14.99 6,840 15 Nov 2023 Common Stock 5,003 Direct F3, F4
holding ONB Phantom Stock-FMBI NQ Def Comp Plan-Non-Employee Directors 15,052 15 Nov 2023 Common Stock 15,052 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of phantom stock acquired pursuant to the First Midwest Bancorp, Inc. Deferred Compensation Plan for Nonemployee Directors (the "Plan") as a result of the deferral of quarterly directors fees paid 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.
F2 Between March 16, 2023 and September 15, 2023, the Reporting Person acquired 284 shares of Old National Bancorp common stock pursuant to the Dividend Reinvestment feature of the Plan.
F3 Represents shares of phantom stock acquired pursuant to the Old National Bancorp Directors' Deferred Compensation Plan (the "Plan") for nonemployee directors as a result of the deferral of the equity portion of the Reporting Person's director compensation. 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.
F4 Between April 11, 2023 and September 15, 2023, the Reporting Person acquired 35 shares of Old National Bancorp common stock pursuant to the Dividend Reinvestment feature of the Plan.