Sandgren James A 4

What Happened James A. Sandgren, listed as CEO, Commercial Banking at Old National Bancorp (ONB), disposed of 31,230 units recorded as a sale of derivative shares on 2026-02-04. The units were treated at $25.61 each, producing proceeds of approximately $799,719. The filing notes the sale was for estate planning and securities-portfolio diversification.

Key Details

• Transaction date and price: 2026-02-04, 31,230 units at $25.61 each (total ≈ $799,719).
• Transaction type: Reported as a sale of a derivative (phantom stock units) via open market or private sale.
• Footnote F1: The units are phantom stock under the Old National Bancorp Executive Deferred Compensation Plan and represent common shares on a 1-for-1 basis but are payable in cash upon distribution.
• Footnote F2: Between Sep 16, 2025 and Dec 15, 2025, Sandgren acquired 189 shares via dividend reinvestment under the Plan.
• Remarks: Sale stated to be for estate planning and portfolio diversification.
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Filed 2026-02-05 for a 2026-02-04 transaction (appears timely).

Context This was a disposal of deferred-compensation phantom-stock units (a derivative), not a direct sale of certificated common stock; such units typically settle in cash per the plan. Sales by insiders can be routine (tax, estate, diversification) and do not by themselves indicate management view of the company’s future performance.