Company: ONBPP
Filing Date: 2025-04-04
Form Type: DEF 14A
Source: 0001558370-25-004483
Chunk: 60

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-04-04
Form: DEF 14A
Chunk 60
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-time, non-cash charge relating to the distribution of pension plan assets referred to in “Determination of 2024 AICP Payout”on page 55 was taken into account. The combined performance of the TSR and ROATCE metrics resulted in the performance share awards for the 2022-2024 performance period being earned at 184.75% of target and paid in March 2025. Service-Based Restricted Stock.We granted our annual service-based restricted stock awards to our NEOs in March 2024 that will vest in equal annual installments over a three-year period ending in March 2027. We also granted in March 2024 service-based restricted stock awards to our NEOs that represented a portion of their annual incentive compensation earned for 2023 that otherwise would have been paid in cash in 2024. These awards had a one-year vesting period. In addition, we granted to Mr. Moran a one-time restricted stock award on September 1, 2024 when he was promoted to the position of Senior Executive Vice President and Chief Financial Officer of the Company, and on January 1, 2024, we granted to Ms. Goldfeder a one-time restricted stock sign-on award in connection with her employment by the Company. The annual restricted stock awards, as well as the one-time awards to Mr. Moran and Ms. Goldfeder, will vest in equal annual installments over a three-year period, assuming continued employment by the executive on each vesting date, with certain limited exceptions. We pay current cash dividends on service-based restricted stock during the vesting period. After the restricted stock has vested, the executive must hold the shares until he or she meets our stock ownership guidelines.

| ​  | ​                                         |
| 58 | OLD NATIONAL BANCORP 2025 PROXY STATEMENT |

COMPENSATION DISCUSSION AND ANALYSIS

The annual restricted stock awards granted to our NEOs in 2024 were as follows. Grant date fair values are reflected at target.

| ​                       
 ​                       
 ​                       
 Name                    | ​ 
 ​ 
 ​ |                ​ 
 Number of Shares 
    of Restricted 
    Stock Awarded | ​ 
 ​ 
 ​ |          ​ 
 Grant Date 
 Fair Value 
  of Shares | ​ 
 ​ 
 ​ |
|:------------------------|:--|-----------------:|:--|-----------:|:--|
| James C. Ryan, III      |   |          122,084 | $ |