Salmon Tom 4

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.