Form 4: Old Second Bancorp Executive Reports Routine Stock Update
Statement of Changes in Beneficial Ownership
EVP Donald Pilmer reported minor acquisitions of Old Second Bancorp common stock through company-sponsored retirement plans.
Summary
- Donald Pilmer, EVP of Old Second Bancorp, Inc. (OSBC), reported the acquisition of 14 additional shares of common stock.
- 13 shares were acquired via the company's Salary and Savings Plan (401-K).
- 1 share was acquired via the company's Employees Profit Sharing Plan and Trust.
- The transactions occurred on March 31, 2026, and were reported on April 2, 2026.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral, routine administrative filing with no impact on the company's financial trajectory.
Positives
- Continued participation in company-sponsored retirement and profit-sharing plans by executive leadership.
Negatives
- None.
Risks
- None.
Future Outlook
Not applicable as this is a routine disclosure of beneficial ownership changes.
Industry Context
StockSavvy.ai notes that routine acquisitions of small amounts of stock through retirement plans by bank executives are standard administrative disclosures and do not typically signal a change in corporate strategy or market outlook.
Comparison to Industry Standards
- The filing is consistent with standard regulatory compliance for bank executives participating in internal benefit plans.
- The transaction volume is immaterial relative to the total market capitalization of Old Second Bancorp.
Stakeholder Impact
- No material impact on shareholders, employees, or creditors.
Next Steps
- None.
Key Dates
| Date | Description |
|---|---|
| 03/31/2026 | Date of the reported transactions in the 401-K and Profit Sharing plans. |
| 04/02/2026 | Date the Form 4 was filed with the SEC. |
Keywords
OSBC, Old Second Bancorp, Form 4, Insider Trading, Executive Compensation, Banking
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