Form 4: Old Second Bancorp Director Kotche Receives Restricted Stock Units

Director Keith Kotche of Old Second Bancorp received 3,190 restricted stock units and disposed of common stock according to a recent SEC filing.

Summary

• Keith Kotche, a director at Old Second Bancorp, filed a Form 4 with the SEC.
• The filing reports that Mr. Kotche acquired 3,190 restricted stock units on February 19, 2025, which vest on the third anniversary of the grant date.
• Each restricted stock unit represents a contingent right to receive one share of common stock.
• The filing also indicates that Mr. Kotche beneficially owns 184,384 shares of Old Second Bancorp common stock, including 181,304 shares held with his spouse and 3,080 shares held outright.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the compensation and stock ownership of company directors.

Stakeholder Impact

• The grant of restricted stock units aligns the director's interests with those of the shareholders, as the value of the units is tied to the company's stock performance.

Key Dates

Keywords

Form 4, SEC Filing, Restricted Stock Units, Beneficial Ownership, Old Second Bancorp, Director, Kotche