Form 4: Old Second Bancorp Director Jill E. York Reports Acquisition and Disposal of Shares

Director Jill E. York reports acquiring restricted stock units and disposing of common stock in Old Second Bancorp.

Summary

• Jill E. York, a director of Old Second Bancorp Inc. (OSBC), filed a Form 4 detailing changes in beneficial ownership.
• On February 19, 2025, York acquired 3,190 restricted stock units, each representing a contingent right to receive one share of common stock, at a price of $0.
• These restricted stock units vest on the third anniversary of the grant date.
• York also reported owning 13,273 shares of Old Second Bancorp, Inc. Common Stock indirectly held in trust with a spouse and 3,080 shares directly.
• The filing indicates that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Positives

• The acquisition of restricted stock units by a director could be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The restricted stock units vest on the third anniversary of the grant date, suggesting a long-term commitment from the director.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing provides insight into the holdings and transactions of a director of Old Second Bancorp.

Stakeholder Impact

• Shareholders may be interested in the transactions of company insiders as an indicator of management's confidence in the company.

Key Dates

Keywords

Form 4, beneficial ownership, Old Second Bancorp, restricted stock units, Jill E. York, OSBC, director, shares