Old National Bancorp (ONB) executive compensation, 2026 proxy

James C. Ryan, III, Chairman and Chief Executive Officer, was paid $7.6M in 2025, up 1% from $7.5M the year before. The CEO-to-median-employee pay ratio was 110:1, on median employee pay of $69,319.

Filed
April 2, 2026
Annual meeting
May 13, 2026
Pay year
2025
Named executives
5
CEO total pay
$7.6M+1% vs prior year
CEO to median employee
110:1median $69,319
CEO pay in equity
51%$3.9M in awards
Prior say-on-pay support
93%of votes cast
CEO Target Total Direct Compensation
$6,366,500Set by Compensation Committee
Adjusted EPS
$2.21Record adjusted performance
Adjusted Net Income
$809 millionRecord adjusted performance
3-Year TSR
39.4%2023-2025 period

How III was paid

$7.6M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary17%Stock awards51%Non-equity incentive27%Pension and deferred comp2%All other compensation4%

Named executive officers

ExecutiveTotal
James C. Ryan, IIIChairman and Chief Executive Officer$7,633,279
Timothy M. Burke, Jr.President and Chief Operating Officer$2,491,690
John V. Moran, IVSenior EVP and Chief Financial Officer$2,388,431
James A. SandgrenCEO, Commercial Banking$2,311,777
Kendra L. VanzoSenior EVP and Chief Administrative Officer$1,532,555

What changed and why

  • $7.6MCEO James C. Ryan III received total compensation of $7,633,279 for 2025.
  • 129%Short-term incentive compensation under the AICP was earned at 129% of target based on EPS performance.
  • 183%Performance share units for the 2023-2025 period were earned at approximately 183% of target due to strong relative TSR and ROATCE.
  • Timothy M. Burke, Jr. joined as President and Chief Operating Officer with a sign-on bonus and restricted stock awards.
  • 93%Approximately 93% of votes cast favored the say-on-pay proposal at the 2025 annual meeting.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.