Form 4: Old Second Bancorp Vice Chairman Collins Reports Acquisition of Restricted Stock Units

Gary S. Collins, Vice Chairman of Old Second Bancorp, reports the acquisition of restricted stock units and changes in beneficial ownership of common stock.

Summary

• Gary S. Collins, Vice Chairman of Old Second Bancorp, filed a Form 4 detailing changes in beneficial ownership.
• On February 19, 2025, Collins acquired 11,962 restricted stock units.
• These units consist of 5,981 time-based restricted stock units vesting on the third anniversary of the grant date and 5,981 performance-based restricted stock units that may vest between 0% to 175% depending on performance metrics.
• Collins also reported owning 46,624 shares of Old Second Bancorp common stock directly and 61,768.085 shares indirectly through an IRA.
• Additionally, he holds 6,370 shares indirectly through a 401-K and 5,755 shares directly.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a standard disclosure of insider transactions. It doesn't inherently indicate positive or negative performance for the company.

Future Outlook

Vested shares from the restricted stock units, if any, will be delivered to the reporting person in 3 to 5 business days from the date of vesting.

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the holdings and transactions of company executives.

Stakeholder Impact

• Shareholders are informed about the transactions of company insiders, providing transparency.
• The transactions may have a minor impact on the stock price depending on market perception.

Key Dates

Keywords

Form 4, Beneficial Ownership, Restricted Stock Units, Old Second Bancorp, OSBC, Collins, Director, Officer