OSBC.NASDAQOld Second Bancorp INC

Form 4: Old Second Bancorp CEO James Eccher Reports Changes in Beneficial Ownership

Sentiment:

SEC Form 4 Filing

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James Eccher, Chairman and CEO of Old Second Bancorp, reports transactions related to the company's Profit Sharing Plan, Employee Salary & Savings Plan, and personal holdings.

Summary

  • James Eccher, Chairman and CEO of Old Second Bancorp, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
  • The report includes allocations of Old Second Bancorp common stock through the company's Profit Sharing Plan & Trust (20 shares) and Employee Salary & Savings Plan (104 shares) as of September 30, 2024.
  • Eccher directly owns 289,407 shares of Old Second Bancorp common stock, including 148 shares held jointly with his spouse and 289,259 shares held in a brokerage account.
  • He also holds 161,680 Restricted Stock Units.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing, indicating routine transactions. The sentiment is neutral as it reflects normal business operations.

Positives

  • The report indicates continued participation in company-sponsored savings plans, aligning executive interests with the company's performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing is typical for executives receiving stock or options as part of their compensation or participating in company-sponsored plans.

Stakeholder Impact

  • The filing provides transparency to shareholders regarding executive compensation and ownership.

Key Dates

DateDescription
09/30/2024Date of earliest transaction and reporting date for changes in beneficial ownership.

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