OLD NATIONAL BANCORP /IN/·4

Mar 3, 4:41 PM ET

Chulos Nicholas J 4

Research Summary

AI-generated summary

Updated

Old National (ONB) Chief Legal Officer Receives Award, Surrenders 5,220 Shares

What Happened Nicholas J. Chulos, Chief Legal Officer and Corporate Secretary of Old National Bancorp (ONB), was granted 10,340 restricted shares on March 1, 2026 and simultaneously surrendered 5,220 existing shares to satisfy tax withholding obligations. The surrendered shares were valued at $23.10 each, totaling $120,582; the award shares were granted at $0.00 (restricted stock award).

Key Details

  • Transaction date: 2026-03-01; filing date (Form 4): 2026-03-03 (filed within the typical 2-business-day window).
  • Grant: 10,340 shares acquired (restricted stock award) — reported as Code A (award/acquisition).
  • Surrender: 5,220 shares disposed @ $23.10 = $120,582 — reported under Code F (shares surrendered to satisfy tax withholding).
  • Shares owned after the transactions: not disclosed in the filing.
  • Footnotes: F1 — surrendered shares used to satisfy tax withholding on vesting; F2 — reflects a restricted stock award granted in 2026.
  • No indication in the filing of a 10b5-1 plan or a late filing.

Context This was a standard restricted stock grant plus a routine share surrender to cover taxes upon vesting (a common cashless tax-withholding method). The award is an acquisition (more informative for bullish signal), while the surrendered shares do not represent an open-market sale of newly purchased stock.