Company: ONBPP
Filing Date: 2025-01-14
Form Type: S-4
Source: 0001104659-25-003488
Chunk: 140

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-01-14
Form: S-4
Chunk 140
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 directors out of funds legally available for the payment of dividends.

Liquidation

In the event of a liquidation or dissolution of Old National, subject to the rights of any outstanding series of preferred stock, the holders of common stock are entitled to share in all assets remaining for distribution to common shareholders according to their interests.

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TABLE OF CONTENTS

Other Rights

Holders of Old National common stock have no preemptive or other subscription rights, and shares of common stock are not subject to any further calls or assessments by Old National. There are no redemption or conversion rights or sinking fund provisions applicable to the shares of Old National common stock.

Listing

Old National’s common stock is listed on the NASDAQ Stock Exchange under the symbol “ONB”. Old National’s transfer agent for its common stock is Continental Stock Transfer & Trust Company.

#### Forward Sale Agreements
Old National entered into two forward sale agreements on November 25, 2024 with the forward purchaser, relating to an aggregate of 21,904,762 shares of Old National common stock. In connection with the forward sale agreements, the forward purchaser or its affiliate borrowed from third parties an aggregate of 21,904,762 shares of Old National common stock.

The forward sale price was initially $20.16 per share, which is the price at which the underwriters agreed to buy the shares of Old National common stock offered. The forward sale price is subject to adjustment on a daily basis based on a floating interest rate factor equal to the specified rate less a spread and will be decreased on each of the dates specified in the forward sale agreements by amounts related to expected dividends on shares of Old National common stock during its term. The forward sale price will also be subject to decrease if the cost to the forward purchaser (or its affiliate) of borrowing a number of shares of Old National common stock underlying the forward sale agreements exceeds a specified amount. If the specified rate is less than the spread on any day, the interest rate factor will result in a daily reduction of the forward sale price.

Before any issuance of shares of Old National common stock upon physical or net share settlement of the forward sale agreements, Old National expects that the shares issuable upon settlement of the forward sale agreements will be reflected in Old National’s diluted earnings per share calculation using the treasury stock method. Under this method, the number of shares of Old National common stock used in calculating diluted earnings per share is deemed to be increased by the excess, if any, of the number of shares of Old