Form 4: Old Second Bancorp Executive Increases Stake Through Employee Savings Plan

Richard A. Gartelmann Jr., Executive Vice President of Old Second Bancorp Inc., acquired 47 shares of common stock through the company's employee savings plan, increasing his indirect beneficial ownership.

Summary

• Richard A. Gartelmann Jr., Executive Vice President (EVP) of Old Second Bancorp Inc. (OSBC), acquired 47 shares of Old Second Bancorp, Inc. Common Stock.
• The transaction occurred on June 30, 2025, and was executed through the Old Second Employee Salary and Savings Plan.
• The shares were acquired at a price of $0, indicating an allocation rather than a direct purchase.
• Following this acquisition, Mr. Gartelmann's indirect beneficial ownership in the 401-K plan increased to 12,472 shares.
• Mr. Gartelmann also directly holds 26,874 shares of common stock and 20,552 Restricted Stock Units.

Sentiment

Score: 6

Explanation: Slightly positive due to an executive increasing their stake, which aligns management interests with shareholders. However, the transaction size is small and routine, typical for employee plan allocations, so it is not highly impactful.

Positives

• Executive Richard A. Gartelmann Jr. increased his beneficial ownership by acquiring 47 shares of common stock, further aligning management interests with shareholders.
• The acquisition was facilitated through the Old Second Employee Salary and Savings Plan, highlighting a benefit available to employees.

Future Outlook

No forward-looking statements or guidance are provided in this document.

Industry Context

This is a routine insider transaction filing for a financial institution, reflecting an executive's participation in an employee stock plan. Such filings are common across the banking sector and typically indicate executive compensation or investment activities.

Related Party Transactions

• Acquisition of 47 shares of Old Second Bancorp, Inc. Common Stock by Executive Vice President Richard A. Gartelmann Jr. through the Old Second Employee Salary and Savings Plan.

Stakeholder Impact

• Shareholders: Increased alignment of executive interests with shareholders due to increased beneficial ownership.
• Employees: The transaction highlights the existence and utilization of an employee savings plan, which is a positive benefit for employees.

Key Dates

Keywords

Old Second Bancorp, OSBC, Richard A. Gartelmann Jr., SEC Form 4, Insider Trading, Stock Acquisition, Employee Stock Plan, Executive Compensation, Beneficial Ownership