Form 4: Old Second Bancorp Inc. Director Collins Reports Changes in Beneficial Ownership

Gary S. Collins, Vice Chairman and Director of Old Second Bancorp Inc., reports acquisitions of company stock through employee savings and IRA plans.

Summary

• Gary S. Collins, Vice Chairman and Director of Old Second Bancorp Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On March 31, 2024, Mr. Collins acquired 234 shares of Old Second Bancorp, Inc. Common Stock through the Employee Salary and Savings Plan at $0 per share.
• On June 30, 2024, he acquired an additional 129 shares through the same plan at $0 per share.
• As of the report, Mr. Collins directly owns 46,624 shares and indirectly owns 61,768.085 shares through an IRA.
• He also holds 50,330 Restricted Stock Units, including 25,165 time-based and 25,165 performance-based units.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Positives

• The acquisitions of shares through the Employee Salary and Savings Plan could be seen as a positive sign of Mr. Collins' confidence in the company.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates