Company: ONBPP
Filing Date: 2025-04-04
Form Type: DEF 14A
Source: 0001558370-25-004483
Chunk: 93

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-04-04
Form: DEF 14A
Chunk 93
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006 | ​ | ​                 |      0 | ​ | ​                   |       0 | ​ | ​                |  21,107 | ​ | ​             |  1,328,046 |

| (4) | The Company has chosen to use the KRX Index as its peer group for this “Pay Versus Performance” section. |

| (5) | This non-GAAP financial measure (Adjusted One-Year ROATCE) excludes certain items, such as merger-related charges associated with completed and pending acquisitions, CECL Day 1 non-PCD loans provision expense, distribution of excess pension plan assets expense, FDIC special assessment expense, separation expense, and net securities losses. The equivalent GAAP measure for one-year ROATCE was 15.4%, 20.2%, 16.3%, 14.9% and 13.3% for 2024, 2023, 2022, 2021 and 2020, respectively. Reference is made to the non-GAAP reconciliation included in the Company’s January 21, 2025 press release reporting its financial results for its 2024 fourth quarter and full year, which was included as Exhibit 99.1 to the Company’s Current Report on Form 8-K filed with the SEC on January 21, 2025. |

| ​                                         |  ​ |
| OLD NATIONAL BANCORP 2025 PROXY STATEMENT | 77 |

PAY VERSUS PERFORMANCE Relationship Between Financial Performance and Compensation Actually Paid The compensation actually paid to our CEO in the tables set forth in this Pay Versus Performancesection includes a one-time, performance-based equity award that was earned in 2022 for the successful integration of the First Midwest Merger (See Note 4 to the “2024 Summary Compensation Table”). In addition, in 2024, the increase in both CEO and other NEO compensation actually paid was attributable primarily to the increase in our stock price as of year-end 2024. Our 3-year TSR for 2022-2024 was 38.8%, which was at the 86 thpercentile of the KRX Index. Compensation information in the tables for 2020 and 2021 are prior to the completion of the First Midwest Merger when the Company was approximately 50% of its asset size as compared to 2022-2024. Total Shareholder Return. The following chart compares compensation actually paid to our CEO and the average compensation actually