Form 4: Old Second Bancorp Executive Reports Stock Transactions
Statement of Changes in Beneficial Ownership
Richard A. Gartelmann Jr., EVP of Old Second Bancorp Inc., reported transactions involving company common stock and restricted stock units.
Summary
- Richard A. Gartelmann Jr., Executive Vice President of Old Second Bancorp Inc., filed a Form 4 detailing changes in his beneficial ownership of company securities.
- The filing indicates the acquisition of 42 shares of Old Second Bancorp, Inc. Common Stock on June 30, 2026, through the company's Employee Salary and Savings Plan.
- Following this transaction, Gartelmann beneficially owns 12,648 shares indirectly through the 401-K plan and 29,551 shares directly.
- Additionally, he holds 21,294 Restricted Stock Units directly.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it reports routine transactions by an executive related to employee benefit plans and does not indicate significant buying or selling activity that would signal a strong opinion on the company's future prospects.
Positives
- Executive participation in employee stock plans suggests alignment with company performance.
- Direct and indirect ownership of a significant number of shares indicates a vested interest in the company's success.
Future Outlook
No forward-looking statements or guidance were provided in this filing.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for executives and directors, providing transparency into insider stock transactions. These filings are crucial for investors seeking to understand executive confidence and potential shifts in beneficial ownership.
Stakeholder Impact
- Shareholders: Increased transparency into executive holdings, reinforcing confidence in executive alignment with company performance.
- Employees: Participation in the Employee Salary and Savings Plan is highlighted, potentially encouraging continued engagement.
Key Dates
| Date | Description |
|---|---|
| 06/30/2026 | Earliest transaction date reported and date of acquisition of 42 shares of common stock. |
| 07/02/2026 | Date of filing signature. |
Keywords
Old Second Bancorp, OSBC, Form 4, Insider Trading, Stock Transaction, Beneficial Ownership, Executive Compensation, Restricted Stock Units, Employee Stock Plan
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