Form 4: Old Second Bancorp EVP Donald Pilmer Reports Stock Transactions

EVP Donald Pilmer reports acquisition of restricted stock units and beneficial ownership of Old Second Bancorp stock.

Summary

• Donald Pilmer, EVP of Old Second Bancorp, reported transactions involving the company's stock.
• On February 19, 2025, Pilmer acquired 12,142 restricted stock units.
• Pilmer directly owns 57,649 shares of Old Second Bancorp common stock.
• He indirectly owns 5,486 shares through his spouse's IRA, 3,954 shares through a 401-K plan, and 180 shares through a profit-sharing plan.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock transactions by a company executive, with neutral sentiment.

Future Outlook

Vested shares from the restricted stock units, if any, will be delivered to the reporting person in 3 to 5 business days from the date of vesting.

Industry Context

Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their trading activities and potential alignment with shareholder interests.

Stakeholder Impact

• The disclosure provides transparency to shareholders regarding the executive's stake in the company.
• The transactions may influence investor perception of management's confidence in the company's future prospects.

Key Dates

Keywords

Form 4, Beneficial Ownership, Restricted Stock Units, Old Second Bancorp, OSBC, Insider Trading, Stock Transaction, Donald Pilmer