Otto Bremer Trust sold 1,926,782 shares of ONB for $49,999,992.90 at $25.95, reducing stake to 41.21M shares.
Otto Bremer Trust, a 10% owner, executed a sale of 1,926,782 shares at $25.95 on 2026-02-26, reducing its holdings by 1,926,782 shares from 43,137,330 to 41,210,548 shares. The transaction occurred near the stock's 52-week high of $25.88 and represents a -4.5% reduction in the trust's position. Old National Bancorp's P/E of 12.46 with market cap $9,176,799,150.00 and annualized fundamentals (net income $182,567,000.00 with revenue growth of +6.1%) suggest the company trades at a reasonable valuation, yet the sale by a major shareholder removes a significant block of shares from the company's cap structure. The timing coincides with elevated stock price levels relative to the current $23.55 market price, which is -9.0% from the 52-week high.