Form 4: Old Second Bancorp CEO Acquires Shares Through Trust Distribution

James Eccher, Chairman and CEO of Old Second Bancorp, acquired shares of common stock through a trust distribution related to the death of a family member.

Summary

• James Eccher, the Chairman and CEO of Old Second Bancorp Inc., acquired shares of the company's common stock on May 6, 2025.
• The shares were obtained through a distribution from a trust following the death of a family member.
• Two transactions occurred, each involving the acquisition of 3,528 shares at a price of $0.
• Following these transactions, Eccher directly owns 329,896 shares, with an additional 32,639 shares held indirectly through a 401-K and 6,287 shares held indirectly through a profit-sharing plan.
• He also directly owns 184,318 restricted stock units.
• 148 shares are held jointly with his spouse, and 329,748 shares are held in a trust for the reporting person.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing regarding stock ownership changes. It doesn't inherently convey positive or negative sentiment about the company's performance.

Positives

• The CEO's increased stake in the company could be interpreted positively by investors, signaling confidence in the company's future.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a change in ownership due to a trust distribution, which is a common occurrence.

Stakeholder Impact

• The change in ownership may have a minor impact on shareholders' perception of the company, potentially viewed as a sign of confidence from the CEO.

Key Dates

Keywords

Old Second Bancorp, James Eccher, OSBC, Beneficial Ownership, Form 4, Share Acquisition, Trust Distribution, CEO