Form 4: Old Second Bancorp EVP Gartelmann Reports Beneficial Ownership Changes

Richard A. Gartelmann JR, EVP of Old Second Bancorp, reports changes in beneficial ownership of company stock, including acquisitions through the employee savings plan.

Summary

• Richard A. Gartelmann JR, an EVP at Old Second Bancorp Inc, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On September 30, 2024, Gartelmann acquired 58 shares of Old Second Bancorp common stock through the Employee Salary & Savings Plan at a price of $0.
• Following the transaction, Gartelmann directly owns 24,215.667 shares and indirectly owns 12,132 shares through a 401-K.
• He also holds 16,383 Restricted Stock Units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It reflects routine transactions and doesn't inherently indicate positive or negative sentiment about the company's performance.

Positives

• The acquisition of shares through the employee savings plan could indicate confidence in the company's future performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates changes in Gartelmann's holdings, which are typical for executives participating in employee stock plans.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates