Company: ONBPP
Filing Date: 2025-04-04
Form Type: DEF 14A
Source: 0001558370-25-004483
Chunk: 53

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-04-04
Form: DEF 14A
Chunk 53
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 We review base salaries annually and adjust them in March of each year taking into account factors such as peer or market data, changes in duties and responsibilities, individual skills and experience and demonstrated individual performance. In determining Mr. Ryan’s 2024 base salary, the Compensation Committee considered, among other factors, Mr. Ryan’s leadership skills, financial acumen, strategic insights, leadership role in achieving the

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| OLD NATIONAL BANCORP 2025 PROXY STATEMENT | 53 |

COMPENSATION DISCUSSION AND ANALYSIS

strong financial results at the Company, the base salaries of CEOs at companies in our peer group and market data. In determining the respective 2024 base salaries of Messrs. Sander, Sandgren, Moran and Falconer and Ms. Vanzo, the Compensation Committee considered, among other factors, their leadership skills, their respective roles in achieving the financial results of the Company, the base salaries of executives with comparable responsibilities at companies in our peer group and relevant market data. With respect to Ms. Goldfeder, who was hired by the Company in December 2023, the Compensation Committee considered, among other factors, when establishing her base salary her leadership skills, her prospective role in achieving the financial results of the Company, the base salaries of executives with comparable responsibilities at companies in our peer group and relevant market data. The Committee also considered the recommendations of Mr. Ryan when making the compensation decisions for these executives. The 2024 base salaries as determined by the Compensation Committee and approved by our Board of Directors were as follows:

| ​                   
 ​                   
 Name                | ​ 
 ​ |               ​ 
            2024 
 Base Salary (1) | ​ 
 ​ |
|:--------------------|:--|----------------:|:--|
| James C. Ryan, III  | $ |       1,224,300 | ​ |
| Mark G. Sander      | ​ |         788,000 | ​ |
| James A. Sandgren   | ​ |         650,000 | ​ |
| John V. Moran, IV   | ​ |         600,000 | ​ |
| Carrie S. Goldfeder | ​ |         500,000 | ​ |
| Kendra L Vanzo      | ​ |         473,000 | ​ |
| ​                   | ​ |               ​ | ​ |
| Former Executives   | ​ |               ​ | ​ |
| Michael L. Scudder  |