Banking
Old National Bancorp Executive Compensation (FY25)
ONB · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (8-K): May 18, 2026
270 figures on this page: 265 cited to the filing that reported them, 5 calculated from figures it prints. See the citations
Total compensation for James C. Ryan, III, Chairman and Chief Executive Officer, came to $7,633,279 in fiscal 2025, and compared with the $7,542,833 reported for fiscal 2024, Ryan, III's total was 1.2% higher. Meanwhile, for fiscal 2025, the company reported a chief executive pay ratio of 110:1, against median employee compensation of $69,319. Separately, shareholders supported the say-on-pay proposal with 97.0% of votes cast for or against in favor at the meeting held May 13, 2026 for fiscal 2025. The disclosed peer group includes Associated Banc-Corp, BOK Financial Corporation, Cadence Bank, Columbia Banking System, Inc. and Comerica Incorporated, among others.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — James C. Ryan, III: $7,542,833 → $7,633,279 (1.2% higher)
Say-on-pay support: 93.1% → 97.0% (3.9 points higher)
CEO pay ratio: 107:1 → 110:1 (2.8% higher)
Frequently asked questions
Answers drawn from the data on this page.
Who is Old National Bancorp's chief executive and what were they paid?
Total compensation for James C. Ryan, III, Chairman and Chief Executive Officer, came to $7,633,279 in fiscal 2025. Compared with the $7,542,833 reported for fiscal 2024, Ryan, III's total was 1.2% higher.
What was Old National Bancorp's say-on-pay result?
Shareholders supported the say-on-pay proposal with 97.0% of votes cast for or against in favor at the meeting held May 13, 2026 for fiscal 2025.
Which companies are in Old National Bancorp's peer group?
The disclosed peer group includes Associated Banc-Corp, BOK Financial Corporation, Cadence Bank, Columbia Banking System, Inc. and Comerica Incorporated, among others.
What is Old National Bancorp's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 110:1, against median employee compensation of $69,319.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
James Ryan, III Chairman and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
James Sandgren CEO, Commercial Banking | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Kendra Vanzo Senior EVP and Chief Administrative Officer | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Michael L. Scudder Former Executive Chairman Departed during or after this year | ◇ | ◇ | ◇ | — | ◇ | ◇ | ◇ | ◇ |
James C. Ryan, III Chairman and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Mark G. Sander President and Chief Operating Officer | ◇ | ◇ | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Brendon B. Falconer Former Chief Financial Officer Departed during or after this year | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
James A. Sandgren CEO, Commercial Banking | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
John V. Moran, IV Senior EVP and Chief Financial Officer | ◇ | ◇ | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Carrie S. Goldfeder EVP and Chief Credit Officer | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Kendra L. Vanzo Senior EVP and Chief Administrative Officer | ◇ | ◇ | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
James C. Ryan, III Chairman and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Timothy M. Burke, Jr. President and Chief Operating Officer | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
John V. Moran, IV Senior EVP and Chief Financial Officer | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
James A. Sandgren CEO, Commercial Banking | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Kendra L. Vanzo Senior EVP and Chief Administrative Officer | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| James A. Sandgren | PSU | ◇ | ◇ | ◇ | ◇ | ◇ | — | ◇ |
| James A. Sandgren | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| James C. Ryan III | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| James C. Ryan III | PSU | ◇ | ◇ | ◇ | ◇ | ◇ | — | ◇ |
| John V. Moran IV | PSU | ◇ | ◇ | ◇ | ◇ | ◇ | — | ◇ |
| John V. Moran IV | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Kendra L. Vanzo | PSU | ◇ | ◇ | ◇ | ◇ | ◇ | — | ◇ |
| Kendra L. Vanzo | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Timothy M. Burke Jr. | RSU | ◇ | — | — | ◇ | — | — | ◇ |
Fiscal 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| John Moran | PSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Timothy Burke | RSU | ◇ | ◇ | — | — |
| Kendra Vanzo | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| James Ryan | PSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| James Sandgren | PSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Ryan C. Kitchell | ◇ | ◇ | — | — | — | ◇ | ◇ |
Daniel S. Hermann | ◇ | ◇ | — | — | — | — | ◇ |
Stephen C. Van Arsdell | ◇ | ◇ | — | — | — | ◇ | ◇ |
Peter J. Henseler | ◇ | ◇ | — | — | — | ◇ | ◇ |
Thomas L. Brown | ◇ | ◇ | — | — | — | ◇ | ◇ |
Thomas E. Salmon | ◇ | ◇ | — | — | — | ◇ | ◇ |
Kathryn J. Hayley | ◇ | ◇ | — | — | — | ◇ | ◇ |
Derrick J. Stewart | ◇ | ◇ | — | — | — | ◇ | ◇ |
Rebecca S. Skillman | ◇ | ◇ | — | — | — | — | ◇ |
Katherine E. White Lead independent director | ◇ | — | — | — | — | — | ◇ |
Ellen A. Rudnick | ◇ | ◇ | — | — | — | — | ◇ |
Barbara A. Boigegrain | ◇ | — | — | — | — | — | ◇ |
Michael J. Small | ◇ | — | — | — | — | — | ◇ |
Austin M. Ramirez | ◇ | ◇ | — | — | — | — | ◇ |
Daniel C. Reardon | ◇ | ◇ | — | — | — | — | ◇ |
James C. Ryan, III served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Lead independent director premium | ◇ |
| Audit committee chair | ◇ |
| Audit committee member | ◇ |
| Compensation committee chair | ◇ |
| Compensation committee member | ◇ |
| Nominating and governance chair | ◇ |
| Nominating and governance member | ◇ |
Equity is delivered as Restricted Stock.
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- Associated Banc-Corp ASB
- BOK Financial Corporation BOKF
- Cadence Bank CADE
- Columbia Banking System, Inc. COLB
- Comerica Incorporated CMA
- F.N.B. Corporation FNB
- First Horizon Corporation FHN
- Hancock Whitney Corporation HWC
- Pinnacle Financial Partners, Inc. PNFP
- Synovus Financial Corp. SNV
- UMB Financial Corporation UMBF
- Valley National Bancorp VLY
- Webster Financial Corporation WBS
- Western Alliance Bancorporation WAL
- Wintrust Financial Corporation WTFC
- Zions Bancorporation ZION
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | May 13, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | May 14, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | May 15, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | May 10, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | May 18, 2022 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
What this page does not include
Everything above is a fact Old National Bancorp disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Old National Bancorp sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Enquire about accessMultiple companies at once
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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
270 figures on this page: 265 cited to the filing that reported them, 5 calculated from figures it prints.
265 cited to the filing
5 calculated from the filing
Documents cited
- 0001628280-26-035975Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001104659-26-039075CEO PAY RATIO · DIRECTOR COMPENSATION · Director Compensation · Grants of Plan-Based Awards During 2025 · and 2 more sections
- 0001628280-25-026582Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001558370-25-0044832024 SUMMARY COMPENSATION TABLE
- 0001628280-24-024536Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001558370-24-0047702023 SUMMARY COMPENSATION TABLE
- 0001628280-23-018136Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001628280-22-015132Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Old National Bancorp executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/ONB (accessed 2026).
Short form: data: Velarion
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Peers Old National Bancorp discloses
The companies named in ONB's own disclosed peer group.
Associated Banc-CorpBOK Financial CorporationColumbia Banking System, Inc.Comerica IncorporatedF.N.B. CorporationFirst Horizon CorporationHancock Whitney CorporationPinnacle Financial Partners, Inc.Synovus Financial Corp.UMB Financial CorporationValley National BancorpWebster Financial CorporationWestern Alliance BancorporationWintrust Financial CorporationZions Bancorporation
Terms on this page
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}