Form 4: Old Second Bancorp Executive Reports 401-K Acquisition
Statement of Changes in Beneficial Ownership
EVP Richard A. Gartelmann Jr. acquired 43 shares of Old Second Bancorp common stock via the company's 401-K plan.
Summary
- Reporting person Richard A. Gartelmann Jr., EVP of Old Second Bancorp, Inc., acquired 43 shares of common stock.
- The acquisition occurred on March 31, 2026, through the company's Employee Salary and Savings Plan.
- The transaction was reported as a non-discretionary allocation within the 401-K plan.
- Following this transaction, the reporting person holds 12,606 shares indirectly via the 401-K, 29,551 shares directly, and 21,294 restricted stock units.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral, routine administrative filing reflecting standard employee benefit plan activity.
Positives
- Continued accumulation of company stock by a senior executive through the employee savings plan.
Negatives
- None.
Risks
- None.
Future Outlook
No forward-looking guidance provided in this filing.
Industry Context
StockSavvy.ai notes that routine 401-K plan acquisitions by bank executives are standard administrative filings and do not typically signal a change in strategic outlook or market sentiment.
Comparison to Industry Standards
- The filing is consistent with standard regulatory compliance for regional banking executives participating in employer-sponsored retirement plans.
Stakeholder Impact
- No material impact on shareholders or other stakeholders.
Key Dates
| Date | Description |
|---|---|
| 03/31/2026 | Date of the transaction involving the 401-K plan allocation. |
| 04/02/2026 | Date the Form 4 was signed and filed with the SEC. |
Keywords
Old Second Bancorp, OSBC, Insider Trading, Form 4, Executive Compensation, 401-K
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