Otto Bremer Trust - 01 May 2025 Form 3 Insider Report for OLD NATIONAL BANCORP /IN/ (ONB)

Signature
/s/ Daniel C. Reardon (Co-CEO and Trustee of Otto Bremer Trust)
Issuer symbol
ONB
Transactions as of
01 May 2025
Net transactions value
$0
Form type
3
Filing time
07 May 2025, 17:45:49 UTC
Next filing
02 Mar 2026

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Otto Bremer Trust Director, 10%+ Owner 30 E 7TH ST STE 2900, ST. PAUL /s/ Daniel C. Reardon (Co-CEO and Trustee of Otto Bremer Trust) 07 May 2025 0002064726

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding ONB Common Stock 43,137,330 01 May 2025 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares acquired pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of November 25, 2024, by and among Bremer Financial Corporation ("Bremer"), Old National Bancorp (the "Issuer"), and ONB Merger Sub, Inc. ("Merger Sub"), pursuant to which Merger Sub merged with and into Bremer (the "First Step Merger"), with Bremer surviving the First Step Merger as a wholly owned subsidiary of the Issuer, and immediately following the First Step Merger, and as part of a single, integrated transaction, Bremer merged with and into the Issuer (the "Second Step Merger"), with the Issuer surviving the Second Step Merger as the surviving entity. Pursuant to the Merger Agreement, at the effective time of the First Step Merger (the "Effective Time"), each share of the common stock of Bremer converted into the right to receive (i) 4.182 shares of the common stock, no par value per share ("Common Stock"), of the Issuer and (ii) $26.22 in cash without interest.
F2 The Reporting Person has three Co-CEOs and trustees ("Trustees"). Any action by the Reporting Person with respect to the shares of Common Stock may be taken only by majority vote of the Trustees and, therefore, no Trustee individually has voting or dispositive power with respect to the shares.

Remarks:

Solely for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the Reporting Person may be deemed to be a director-by-deputization by virtue of the Reporting Person's contractual right to appoint a director to the board of directors of the Issuer, effective as of the Effective Time, pursuant to the Investor Agreement by and between the Trustees and the Issuer, dated November 25, 2024.