Salmon Tom 4
4 · OLD NATIONAL BANCORP /IN/ · Filed Apr 7, 2026
Research Summary
AI-generated summary of this filing
Old National Bancorp (ONB) Director Tom Salmon Receives Award
What Happened Tom Salmon, a director of Old National Bancorp (ONB), was granted 342 shares of phantom stock on April 6, 2026. The award is reported at a grant price of $22.52 per share for a total notional value of $7,702. This was an award/grant (transaction code A), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-04-06; Form 4 filed: 2026-04-07. No late filing is indicated.
- Transaction type/code: Award/Grant (A) — derivative (phantom stock), not actual common stock.
- Quantity and value: 342 phantom shares × $22.52 = $7,702 (notional/cash value on distribution).
- Shares owned after transaction: Not specified on the Form 4.
- Footnotes:
- F1: These are phantom shares under the Old National Bancorp Directors' Deferred Compensation Plan; each phantom share tracks one common share and will be paid in cash upon distribution per the plan terms.
- F2: Between Sept 16, 2025 and Mar 16, 2026, Salmon acquired 639 shares of ONB common stock via the plan's dividend reinvestment feature.
Context Phantom stock awards are cash-settled and do not transfer actual voting shares immediately; they track the company’s common stock value on a 1-for-1 basis and are paid in cash when distributed under the plan. Such director fee deferral grants are routine compensation for board service and do not necessarily indicate a personal purchase or sale intent.
Insider Transaction Report
- Award
Phantom Stock ONB Directors Deferred Compensation Plan
[F1][F2]2026-04-06$22.52/sh+342$7,702→ 51,109 total→ Common Stock (342 underlying)
Footnotes (2)
- [F1]Represents shares of phantom stock acquired pursuant to the Old National Bancorp Directors' Deferred Compensation Plan (the "Plan") as a result of quarterly director fees paid in cash to the participant. 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.
- [F2]Between September 16, 2025 and March 16, 2026, the Reporting Person acquired 639 shares of Old National Bancorp common stock pursuant to the Dividend Reinvestment feature of the Plan.