Chulos Nicholas J 4
4 · OLD NATIONAL BANCORP /IN/ · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Old National (ONB) Chief Legal Officer Receives Award, Surrenders 5,220 Shares
What Happened Nicholas J. Chulos, Chief Legal Officer and Corporate Secretary of Old National Bancorp (ONB), was granted 10,340 restricted shares on March 1, 2026 and simultaneously surrendered 5,220 existing shares to satisfy tax withholding obligations. The surrendered shares were valued at $23.10 each, totaling $120,582; the award shares were granted at $0.00 (restricted stock award).
Key Details
- Transaction date: 2026-03-01; filing date (Form 4): 2026-03-03 (filed within the typical 2-business-day window).
- Grant: 10,340 shares acquired (restricted stock award) — reported as Code A (award/acquisition).
- Surrender: 5,220 shares disposed @ $23.10 = $120,582 — reported under Code F (shares surrendered to satisfy tax withholding).
- Shares owned after the transactions: not disclosed in the filing.
- Footnotes: F1 — surrendered shares used to satisfy tax withholding on vesting; F2 — reflects a restricted stock award granted in 2026.
- No indication in the filing of a 10b5-1 plan or a late filing.
Context This was a standard restricted stock grant plus a routine share surrender to cover taxes upon vesting (a common cashless tax-withholding method). The award is an acquisition (more informative for bullish signal), while the surrendered shares do not represent an open-market sale of newly purchased stock.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-03-01$23.10/sh−5,220$120,582→ 52,812 total - Award
Common Stock
[F2]2026-03-01+10,340→ 63,152 total
- 13,841(indirect: By 401(k))
Common Stock
- 20,439(indirect: By Trust)
Common Stock
- 20,438(indirect: By Trust)
Common Stock
Footnotes (2)
- [F1]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 previously granted restricted stock award.
- [F2]Reflects a restricted stock award granted in 2026.