Old National Bancorp (ONB) banking CEO gets share award, withholds shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
OLD NATIONAL BANCORP executive Brent R. Tischler, CEO, Community Banking, reported an equity compensation event. He received a grant of 17,310 shares of common stock as an earned performance share award, which includes 1,793 shares issued for accrued dividends.
To cover tax withholding on the vesting, 8,807 shares were surrendered back to the company at $21.51 per share. After these transactions, Tischler directly holds 51,915 shares of Old National common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
TISCHLER BRENT R
Role
CEO, COMMUNITY BANKING
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 17,310 | $0.00 | -- |
| Tax Withholding | Common Stock | 8,807 | $21.51 | $189K |
Holdings After Transaction:
Common Stock — 58,929 shares (Direct)
Footnotes (1)
- Earned performance share award. Reflects shares of the Issuer's common stock surrendered by the Reporting Person to satisfy tax withholding obligations upon the vesting of shares earned under a performance share award. Includes 1,793 shares of the Issuer's common stock issued for the accrued dividends on the performance share award.
FAQ
What insider transaction did Brent R. Tischler report for OLD NATIONAL BANCORP (ONB)?
Brent R. Tischler reported a stock-based compensation event. He received 17,310 shares of Old National common stock as an earned performance share award and surrendered 8,807 shares to satisfy tax withholding obligations tied to that vesting.
How were dividend accruals handled in Brent Tischler’s OLD NATIONAL BANCORP (ONB) award?
The award includes shares for accrued dividends. The filing notes that 1,793 shares of ONB common stock were issued in connection with accrued dividends on the performance share award, increasing the total shares delivered at vesting.