Company: ONBPP
Filing Date: 2025-04-04
Form Type: DEF 14A
Source: 0001558370-25-004483
Chunk: 52

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-04-04
Form: DEF 14A
Chunk 52
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.B. Corporation                | ●  Webster Financial Corporation   |
| ●  BOK Financial Corporation     | ●  Hancock Whitney Corporation       | ●  Western Alliance Bancorporation |
| ●  Cadence Bank                  | ●  Pinnacle Financial Partners, Inc. | ●  Wintrust Financial Corporation  |
| ●  Columbia Banking System, Inc. | ●  Synovus Financial Corp.           | ●  Zions Bancorporation            |
| ●  Comerica Incorporated         | ●  UMB Financial Corporation         | ​                                  |
| ●  First Horizon Corporation     | ●  Valley National Bancorp           | ​                                  |

2024 COMPENSATION PROGRAM In providing its advice to our Compensation Committee regarding executive officer compensation for 2024, WTW reviewed the compensation practices and performance of the companies in our peer group, as well as market data, and discussed our performance and strategic objectives with the Compensation Committee, our CEO, our Chief Financial Officer and our Chief People Officer. In the first quarter of 2024, the Compensation Committee reviewed our executive compensation structure, its competitiveness relative to our peer group and market data and the alignment of our executive pay with the Company’s expected performance. The Compensation Committee considered the following factors, among others, when setting 2024 compensation for our CEO and the other Named Executive Officers:

| ● | The compensation levels of comparable executive officers in our peer group as well as other market data for comparable positions; |

| ● | Providing a mix of base salary, annual incentives and long-term equity to align our executive officers’ compensation with our peer group and the market generally; |

| ● | Our targeted financial and strategic performance objectives for 2024; |

| ● | Advice from WTW, the Compensation Committee’s compensation consultant; and |

| ● | Input from our CEO, Chief Financial Officer and Chief People Officer. |

Components of Our Executive Compensation Program The three principal components of our executive compensation program consist of:

| ● | Base salary; |

| ● | Annual cash incentive compensation; and |

| ● | Long-term equity compensation, delivered through both performance- and service-based equity awards. |

| ​  | ​                                         |
| 50 | OLD NATIONAL BANCORP 2025 PROXY STATEMENT |

COMPENSATION DISCUSSION AND ANALYSIS

In general, we strive to set the proportions of each component in a manner that aligns with similar roles at companies in our peer group or other comparable companies. For 2024, at-risk compensation represented approximately 79%