Ryan C. Kitchell - Sep 13, 2024 Form 4 Insider Report for OLD NATIONAL BANCORP /IN/ (ONB)

Role
Director
Signature
/s/ Andrea L. Stangl, Attorney-in-Fact for Ryan C. Kitchell
Stock symbol
ONB
Transactions as of
Sep 13, 2024
Transactions value $
-$349,995
Form type
4
Date filed
9/17/2024, 04:50 PM
Previous filing
Nov 16, 2023
Next filing
Nov 18, 2024

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 Sale -$350K -18.9K -39.6% $18.53 28.8K Sep 13, 2024 Common Stock 18.9K Direct F1
* 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 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.

Remarks:

Shares were sold for estate planning and securities portfolio diversification purposes.