OLD NATIONAL BANCORP /IN/·4

Jul 8, 1:28 PM ET

ALAHMAR CHADY M. 4

Research Summary

AI-generated summary

Updated

Old National (ONB) — Chady Alahmar Buys 73 Shares via ESPP

What Happened

  • Chady M. Alahmar, CEO, Wealth Management at Old National Bancorp (ONB), acquired 73 shares on 2026-06-30. The shares were bought at $24.61 each for a total cost of $1,796. This was an acquisition under the company's employee stock purchase plan (ESPP), not an open-market purchase.

Key Details

  • Transaction date: 2026-06-30; Price: $24.61; Shares acquired: 73; Total value: $1,796.
  • Filing date (Form 4): 2026-07-08 — eight days after the reported transaction, which exceeds the typical 2-business-day reporting deadline for insiders.
  • Shares owned after the transaction: not specified in the provided filing excerpt.
  • Footnote: The purchase reflects shares acquired under Old National Bancorp’s Employee Stock Purchase Plan and is exempt under SEC Rule 16b-3(c) (exemption for certain employee benefit plan transactions).
  • Transaction type/code: reported as "Other acquisition or disposition (J)" but described in the filing as an ESPP acquisition.

Context

  • ESPP purchases are routine employee benefit transactions and are often exempt from short-swing profit rules under Rule 16b-3; they do not necessarily signal a change in insider sentiment. The position size here is small (~$1.8K), so it’s a minor insider purchase rather than a material vote of confidence.