The insider sales are too small relative to market cap to signal bearish conviction. Monitor for any larger insider sales or a pattern of sustained selling in coming weeks, but this cluster alone does not warrant action. The Q2 earnings beat and strong loan growth are the dominant narrative.
Price Chart
Executive Summary
Two senior insiders at Old National Bancorp sold a combined $844K in open-market transactions within a week of the company's record Q2 earnings beat. The CEO of Wealth Management and the Chief Legal Officer sold shares at ~$26.41-$26.66, representing 0.008% of the $10.2B market cap — a trivial proportion. While cluster sells are generally weak signals, the timing just after strong earnings and the involvement of a C-suite executive warrant modest attention, but the dollar amount is too small to be material.
Key Financial Metrics
Key Facts
- Two insiders sold shares totaling $844K in open-market transactions
- Sales occurred 6-8 days after ONB reported record Q2 EPS of $0.65 (beat consensus by 3.8%)
- Total sales represent ~0.008% of ONB's $10.2B market cap — well below the 0.1% materiality threshold
- CEO of Wealth Management sold $311K; Chief Legal Officer sold $533K
- No insider buying in the cluster — net direction is selling
Financial Impact
Total insider sales of $844K, or 0.008% of market cap — immaterial
Risk Factors
- Insider sales could accelerate if insiders perceive the stock as fully valued post-earnings
- No insider buying to offset the selling signal
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-ONB-1785568141100 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 5, 2026 8w ago | 8-K | $26.67 $25.98 | ▼ −2.59% | ▼ −3.19% | $24.96 (−6.41%) |
Jul 31, 2026 9w ago | Insider Cluster | $26.64 $25.85 | ▼ −2.97% | ▼ −5.95% | $24.96 (−6.31%) |
Jul 31, 2026 9w ago | Insider Cluster | $26.64 $25.85 | ▼ −2.97% | ▼ −5.95% | $24.96 (−6.31%) |
Jul 22, 2026 10w ago | 8-K | $26.39 $25.91 | ▼ −1.82% | ▼ −4.72% | $24.96 (−5.42%) |
Jul 7, 2026 12w ago | Press Release | $26.43 $26.85 | ▼ −1.59% | ▼ −0.26% | $24.96 (+5.56%) |
May 28, 2026 18w ago | Press Release | $24.00 $25.88 | ▲ +7.83% | ▲ +10.98% | $24.96 (+4.00%) |
May 13, 2026 20w ago | Press Release | $23.45 $25.14 | ▲ +7.22% | ▲ +8.08% | $24.96 (+6.45%) |
May 13, 2026 20w ago | Press Release | $23.45 $25.14 | ▲ +7.22% | ▲ +8.08% | $24.96 (+6.45%) |
Apr 22, 2026 23w ago | Press Release | $24.02 $23.15 | ▼ −3.62% | ▼ −6.79% | $24.96 (+3.91%) |
US Market Status
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