Form 4: Old Second Bancorp Director McLean H. Hugh Reports Stock Transactions

Director McLean H. Hugh reports acquisition of restricted stock units and beneficial ownership of Old Second Bancorp stock.

Summary

• Director McLean H. Hugh reported acquiring 3,190 restricted stock units of Old Second Bancorp on February 19, 2025.
• These restricted stock units vest on the third anniversary of the grant date.
• The reporting person also reported beneficial ownership of 157,274 shares of Old Second Bancorp common stock.
• Of these shares, 154,194 are held jointly with a spouse, and 3,080 shares are held in Mr. McLean's name alone.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, and the sentiment is neutral.

Positives

• The acquisition of restricted stock units could align the director's interests with the long-term performance of the company.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the equity ownership of a company director.

Key Dates