Moran John V 4

What Happened John V. Moran, Chief Financial Officer of Old National Bancorp (ONB), was awarded 12,363 performance-based shares on 2026-03-15 (recorded at $0.00). To satisfy tax-withholding obligations upon vesting, Moran surrendered 6,144 of those shares at an indicated price of $21.51 per share, a withholding value of $132,157. The award included 1,279 shares issued as accrued dividends. Net newly acquired shares retained from this award = 12,363 − 6,144 = 6,219 shares.

Key Details

• Transaction date: 2026-03-15; Form 4 filed on 2026-03-17 (timely).
• Award (code A): 12,363 shares granted, $0.00 per share reported.
• Tax withholding (code F): 6,144 shares surrendered at $21.51 = $132,157.
• Footnotes: F1 = earned performance share award; F2 = shares surrendered to satisfy tax withholding; F3 = 1,279 shares issued for accrued dividends on the award.
• Shares owned after the transaction: not disclosed in the filing excerpt; net incremental shares retained from this award = 6,219.
• This was not an open‑market sale or purchase—it's a performance award vesting with shares withheld for taxes (common practice).

Context Performance share awards vest based on company-specified goals; when they vest, companies often withhold some shares to cover required taxes (a cashless withholding). Such withholdings are routine and reflect tax obligations rather than a discretionary open-market sale.