James A. Sandgren's Phantom Stock Acquisition in Old National Bancorp

On August 4, 2025, James A. Sandgren, CEO of Commercial Banking at Old National Bancorp, acquired 49 shares of phantom stock under the Old National Bancorp Executive Deferred Compensation Plan. The phantom stock represents shares of Old National Bancorp common stock on a 1-for-1 basis and is payable in cash upon distribution. The transaction price per share was $20.77. Following this transaction, Sandgren owns a total of 30,707 shares of phantom stock. This acquisition is part of the deferred compensation plan, which allows executives to defer a portion of their compensation and receive it in the form of phantom stock, which is settled in cash upon distribution.