Evernham Scott J 4
Research Summary
AI-generated summary
Old National (ONB) CRO Scott J. Evernham Buys 37 Shares
What Happened Scott J. Evernham, Chief Risk Officer of Old National Bancorp (ONB), acquired 37 shares on 2026-06-30 at $24.61 per share (reported value $910). The transaction is reported as code "J" (other acquisition) and is described in the filing as shares acquired under an employee stock purchase plan.
Key Details
- Transaction date and price: 2026-06-30, 37 shares at $24.61 each (total reported $910).
- Filing date: Form 4 filed 2026-07-08 — 8 days after the trade (outside the typical two-business-day reporting window), so the filing appears late.
- Shares owned after the transaction: Not stated in the provided excerpt.
- Footnotes:
- F1: These shares were acquired under the Old National Bancorp Employee Stock Purchase Plan and are exempt under Rule 16b-3(c).
- F2: Between 2026-03-17 and 2026-06-15, Evernham acquired 3 shares via dividend reinvestment in the Stock Purchase and Dividend Reinvestment Plan.
- F3: Between 2026-03-17 and 2026-06-15, Evernham acquired 3 shares via dividend reinvestment in the Employee Stock Ownership and Savings Plan (401(k)).
Context This was an acquisition via an employee plan (not an open-market purchase), which is typically routine and exempt from short-swing profit rules under Rule 16b-3. Purchases by insiders can be interpreted as a mild positive signal, but filings like this—especially when late—are primarily useful for record-keeping and transparency rather than definitive indicators of sentiment.