Salmon Tom 4

What Happened Tom Salmon, a director of Old National Bancorp (ONB), was granted 349 shares of phantom stock under the Old National Bancorp Directors' Deferred Compensation Plan on July 2, 2026. The filing shows an acquisition price of $26.05 per share, for an economic value of about $9,091. This was an award/compensation transaction (derivative), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-02; reported on Form 4 filed 2026-07-07 (appears to be filed timely).
• Grant details: 349 phantom shares @ $26.05 each; total value ≈ $9,091.
• Transaction type/code: A (award/acquisition); derivative instrument (phantom stock).
• Shares owned after the transaction: Not specified in the filing.
• Footnotes:
  • F1: These are phantom shares under the Directors' Deferred Compensation Plan, representing ONB common stock 1-for-1 and payable in cash upon distribution per plan terms.
  • F2: The filer also acquired 298 common shares via the Plan's Dividend Reinvestment feature between March 17 and June 15, 2026.
• No indication of a 10b5-1 plan or tax-withholding sale in this filing.

Context Phantom stock awards are a form of deferred cash compensation tied to the company’s share price; they do not represent immediate ownership of common stock and are paid in cash when distributed. Such grants reflect routine director compensation rather than an open-market buy or sell, so they are not a direct bullish signal about insider sentiment.