Form 4: Old Second Bancorp EVP Donald Pilmer Reports Changes in Beneficial Ownership

EVP Donald Pilmer reports changes in beneficial ownership of Old Second Bancorp stock, including acquisitions through the company's savings plan and holdings in personal and spousal accounts.

Summary

• Donald Pilmer, EVP of Old Second Bancorp, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On September 30, 2024, Pilmer acquired 13 shares of Old Second Bancorp common stock through the company's Salary & Savings Plan at $0 per share.
• Pilmer's indirect holdings include 3,941 shares through a 401-K plan, 179 shares through a profit-sharing plan, and 1,450 shares in his spouse's IRA.
• He also directly owns 57,649 shares and 34,836 restricted stock units.
• The filing indicates that Pilmer's spouse's IRA holds 1,450 shares for which he is listed as a beneficiary.
• Pilmer directly holds 57,649 shares in a brokerage account in his name alone.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting changes in beneficial ownership. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about an executive's stock transactions.

Positives

• The acquisition of shares through the company's savings plan suggests confidence in Old Second Bancorp's future performance.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the buying and selling activities of company executives and directors. This allows investors to gain insight into management's perspective on the company's stock.

Stakeholder Impact

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

Key Dates