Some Old National Bancorp (NASDAQ:ONB) shareholders may be a little concerned to see that the Executive VP, Nicholas Chulos, recently sold a substantial US$751k worth of stock at a price of US$25.05 per share. That sale reduced their total holding by 21% which is hardly insignificant, but far from the worst we've seen.

The Last 12 Months Of Insider Transactions At Old National Bancorp

Over the last year, we can see that the biggest insider sale was by the insider, Mark Sander, for US$1.5m worth of shares, at about US$22.45 per share. That means that an insider was selling shares at slightly below the current price (US$25.88). We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. This single sale was just 20% of Mark Sander's stake.

Old National Bancorp insiders didn't buy any shares over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).

Does Old National Bancorp Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Old National Bancorp insiders own 0.7% of the company, worth about US$71m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At Old National Bancorp Tell Us?

An insider sold Old National Bancorp shares recently, but they didn't buy any. And there weren't any purchases to give us comfort, over the last year. But it is good to see that Old National Bancorp is growing earnings. Insiders own shares, but we're still pretty cautious, given the history of sales. We're in no rush to buy! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company.

Of course Old National Bancorp may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.