Form 4: Old Second Bancorp Director Collins Reports Changes in Beneficial Ownership

Gary S. Collins, Vice Chairman and Director of Old Second Bancorp, reports changes in beneficial ownership of company stock, including acquisitions through the employee savings plan and holdings in IRA accounts.

Summary

• Gary S. Collins, Vice Chairman and Director of Old Second Bancorp Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• The report indicates that 76 shares were acquired through the Old Second Bancorp, Inc. Employee Salary and Savings Plan at a price of $0 on September 30, 2024.
• Collins directly owns 46,624 shares and indirectly owns 61,768.085 shares through IRA accounts (41,000 in a ROTH IRA and 20,768.085 in a traditional IRA).
• He also owns 50,330 Restricted Stock Units.
• The shares acquired through the employee plan were allocated during the third quarter.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• Shareholders may be interested in the insider trading activity as an indicator of management's confidence in the company.

Key Dates