Old National Bancorp (ONB) COO Timothy Burke Surrenders 2,335 Shares

What Happened Timothy M. Burke Jr., Chief Operating Officer of Old National Bancorp (ONB), had 2,335 shares of company common stock surrendered to satisfy tax withholding obligations tied to the vesting of a restricted stock award. The shares were valued at $26.64 each, for a total of approximately $62,204. This was a share surrender to cover taxes (transaction code F), not an open-market sale intended as an investment signal.

Key Details

• Transaction date: 2026-08-01; filing date: 2026-08-04 (Form 4)
• Shares surrendered/disposed: 2,335 at $26.64 per share; total value ≈ $62,204
• Footnote: F1 — shares were surrendered to satisfy tax withholding on vesting of a restricted stock award
• Shares owned after transaction: Not specified in the provided filing details
• Timeliness: Filing date is the same as the Form 4 accession (0000707179-26-000049); appears to be filed within the normal reporting window

Context This type of transaction is a routine tax-withholding event when restricted stock vests. It reflects an administrative withholding, not a discretionary sale for cash, and therefore generally should not be interpreted as a negative signal about the insider’s view of the company. Transaction code F denotes tax withholding/surrendered shares rather than a market sale (S) or purchase (P).