Form 4: Old Second Bancorp CFO Adams Reports Stock Transactions

CFO & COO Bradley S. Adams of Old Second Bancorp reports acquisition and disposal of company stock on March 4, 2025.

Summary

• On March 4, 2025, Bradley S. Adams, CFO & COO of Old Second Bancorp, reported transactions involving the company's common stock.
• Adams acquired 15,439 shares of Old Second Bancorp, Inc. Common Stock at $0.
• These shares were delivered pursuant to the vesting of performance-based restricted stock units granted under the Old Second Bancorp, Inc. 2019 Equity Incentive Plan.
• Adams also disposed of 4,523 shares at a price of $17.65.
• These shares were withheld for taxes upon settlement of the performance-based restricted stock units.
• Following these transactions, Adams directly owns 143,308 shares and indirectly owns 9,983 shares through a 401-k plan.
• He also owns 77,444 Restricted Stock Units.
• Included in the total are 75,300 shares held with a broker and 68,008 shares held jointly with a spouse.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The transactions are part of a standard compensation plan and don't necessarily indicate a positive or negative outlook for the company.

Positives

• The acquisition of shares due to the vesting of performance-based restricted stock units suggests that performance goals were met or exceeded.

Negatives

• The disposal of shares to cover taxes reduces Adams' overall holdings in the company.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of key executives and their confidence in the company.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.

Key Dates