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OLD NATIONAL BANCORP /IN/·4

Mar 17, 6:10 PM ET

ALAHMAR CHADY M. 4

Research Summary

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Updated

Old National Bancorp (ONB) CEO Chady Alahmar Receives Performance Award

What Happened
Chady M. Alahmar, CEO — Wealth Management at Old National Bancorp (ONB), was granted 18,133 shares as an earned performance share award on March 15, 2026 (reported on Form 4 filed March 17, 2026). Concurrently, 9,709 of those shares were surrendered to satisfy tax withholding at an indicated price of $21.51 per share, totaling $208,841. The award portion shows an acquisition price of $0.00 because it was granted (not purchased).

Key Details

  • Transaction date: 2026-03-15; Form 4 filed: 2026-03-17 (timely filing).
  • Grant: 18,133 shares (code A — award/grant) at $0.00 acquisition price.
  • Tax withholding: 9,709 shares surrendered (code F) at $21.51 each, totaling $208,841.
  • Footnotes: F1 — earned performance share award; F2 — shares surrendered to satisfy tax withholding; F3 — the award includes 1,877 shares issued for accrued dividends.
  • Shares owned after transaction: Not disclosed in this filing.

Context
This was a compensation-related grant (performance shares), not an open-market buy or sale. Surrendering shares to cover taxes is a routine net-settlement withholding and is common when restricted or performance shares vest; it does not necessarily indicate the insider is selling other shares or changing their view on the company.