Form 4: Old Second Bancorp CFO & COO Bradley S. Adams Reports Increased Stock Holdings

Bradley S. Adams, Chief Financial Officer and Chief Operating Officer of Old Second Bancorp Inc., reported an increase in his beneficial ownership of common stock, including an allocation of 36 shares through the company's 401-k plan.

Summary

• Bradley S. Adams, CFO & COO of Old Second Bancorp Inc. (OSBC), reported changes in his beneficial ownership of company securities.
• Acquired 36 shares of Old Second Bancorp, Inc. Common Stock on June 30, 2025, at a price of $0 per share.
• These 36 shares were allocated during the second quarter of 2025 pursuant to the Old Second Bancorp, Inc. Employee Salary and Savings Plan.
• Following this transaction, Adams beneficially owns 10,050 shares of Common Stock indirectly through a 401-k Plan.
• Additionally, Adams directly owns 143,308 shares of Common Stock, which includes 75,300 shares held jointly with his spouse with a broker and 68,008 shares held jointly with his spouse outright.
• He also directly owns 77,444 Restricted Stock Units.

Sentiment

Score: 7

Explanation: The filing indicates an increase in executive ownership, which is generally positive for investor confidence as it aligns management's interests with shareholders. The transaction is an allocation, not a purchase, suggesting a routine compensation event rather than a significant market signal.

Positives

• Increased beneficial ownership of common stock by a key executive (CFO & COO) indicates alignment of interests with shareholders.
• The allocation of shares through an employee savings plan highlights a benefit for employees and a mechanism for executive compensation.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing, as its purpose is to report past insider transactions.

Management Comments

• "36 shares were allocated during the second quarter pursuant to the Old Second Bancorp, Inc. Employee Salary and Savings Plan."
• "Information herein was provided by the Plan trustee as of 6-30-25."

Industry Context

Form 4 filings are standard regulatory disclosures for insider transactions across all publicly traded companies. This specific filing indicates routine executive compensation or savings plan activity within the financial services sector, consistent with common practices in the banking industry.

Comparison to Industry Standards

• This is a standard Form 4 filing reporting an executive's stock acquisition, which is a common occurrence across industries, including financial services.
• The acquisition at a $0 price indicates an allocation, likely as part of an employee benefit or compensation plan, which is a typical method for aligning executive interests with shareholders in companies like JPMorgan Chase & Co. or Bank of America Corp., though the specific amounts and plans vary.

Related Party Transactions

• The acquisition of 36 shares by Bradley S. Adams from Old Second Bancorp, Inc. through the Employee Salary and Savings Plan constitutes a related party transaction.

Stakeholder Impact

• Shareholders: The increase in executive ownership can be viewed positively as it enhances alignment between management and shareholder interests.
• Employees: The transaction highlights the existence and utilization of an Employee Salary and Savings Plan, which benefits participating employees.

Key Dates

Recommendation

Keywords

Old Second Bancorp, OSBC, Bradley S. Adams, Insider Trading, Form 4, Common Stock, Restricted Stock Units, Employee Stock Plan, Executive Compensation, Financial Services