Form 4: Old Second Bancorp CFO Reports Share Transactions

Old Second Bancorp's CFO, Bradley S. Adams, reported acquiring shares through the company's 401-k plan and holding a significant number of shares and restricted stock units.

Summary

• Bradley S. Adams, CFO of Old Second Bancorp, reported a transaction on December 31, 2024.
• He acquired 34 shares of Old Second Bancorp common stock through the company's 401-k plan at a price of $0.
• Following the transaction, Mr. Adams beneficially owns 9,983 shares indirectly through the 401-k plan.
• He also directly owns 121,757 shares of common stock, including 75,300 shares held jointly with his spouse through a broker and 46,457 shares held jointly with his spouse outright.
• Additionally, he holds 68,770 restricted stock units, consisting of 34,385 time-based units and 34,385 performance-based units.

Sentiment

Score: 7

Explanation: The document is a routine filing of insider transactions, which is generally neutral. The CFO's continued investment in the company is a positive sign.

Positives

• The acquisition of shares through the 401-k plan indicates continued participation in the company's savings plan.
• The significant number of shares held by the CFO demonstrates a strong alignment with the company's performance.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies. It provides transparency into the holdings of key executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The reported transactions are typical for executives who participate in company stock plans and receive equity-based compensation.
• The level of share ownership and restricted stock units held by the CFO is consistent with compensation practices at similar financial institutions.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the CFO's stake in the company.
• The CFO's continued investment in the company may be viewed positively by investors.

Key Dates

Keywords

Old Second Bancorp, OSBC, CFO, Bradley S. Adams, share ownership, restricted stock units, 401-k plan, insider trading, Form 4