Form 4: Old Second Bancorp CEO James Eccher Reports Stock Transactions

James Eccher, Chairman and CEO of Old Second Bancorp, reports acquisition of restricted stock units and holdings of common stock.

Summary

• James Eccher, Chairman and CEO of Old Second Bancorp, filed a Form 4 detailing changes in beneficial ownership.
• On February 19, 2025, Eccher acquired 57,154 restricted stock units.
• These units consist of 28,577 time-based restricted stock units vesting on the third anniversary of the grant date and 28,577 performance-based restricted stock units that may vest between 0% to 175% depending on performance metrics.
• Eccher directly owns 301,485 shares of Old Second Bancorp common stock.
• He also indirectly owns 32,258 shares through a 401-K and 6,247 shares through a profit-sharing plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the document is a standard regulatory filing detailing stock transactions. The acquisition of restricted stock units can be seen as a positive sign, aligning management's interests with shareholders.

Positives

• The acquisition of restricted stock units aligns the CEO's interests with the company's performance.
• The vesting of performance-based units is tied to compensation committee-approved metrics, incentivizing specific achievements.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in the CEO's holdings of company stock and related instruments.

Stakeholder Impact

• Shareholders may view the acquisition of restricted stock units by the CEO as a positive sign, aligning his interests with the company's performance.

Key Dates

Keywords

Form 4, Beneficial Ownership, Restricted Stock Units, Common Stock, Old Second Bancorp, Eccher, OSBC