Form 4: Old Second Bancorp Director Lyons Jr. Reports Acquisition and Disposal of Securities
SEC Form 4 Filing
Director Billy J. Lyons Jr. reports acquiring restricted stock units and disposing of Old Second Bancorp common stock.
Summary
- On February 19, 2025, Billy J. Lyons Jr., a director of Old Second Bancorp Inc., reported acquiring 3,190 restricted stock units, each representing a contingent right to receive one share of common stock.
- These restricted stock units vest on the third anniversary of the grant date.
- Lyons also reported disposing of 16,895 shares of Old Second Bancorp common stock.
- Following these transactions, Lyons beneficially owns 10,551 restricted stock units and 16,895 shares of Old Second Bancorp common stock, including 8,542 shares held in a brokerage account and 8,353 shares held outright.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company directors.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly altering the ownership structure of the company.
Key Dates
| Date | Description |
|---|---|
| 02/19/2025 | Date of transaction: acquisition of restricted stock units and disposal of common stock. |
| 02/21/2025 | Date of signature by Attorney-in-Fact. |
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