Form 4: Old Second Bancorp Vice Chairman Gary Collins Reports Stock Sale

Gary Collins, Vice Chairman of Old Second Bancorp, sold 21,002.306 shares of common stock on May 8, 2024, at a weighted average price of $14.2274.

Summary

• On May 8, 2024, Gary Collins, the Vice Chairman of Old Second Bancorp, sold 21,002.306 shares of Old Second Bancorp common stock.
• The shares were sold at a weighted average price of $14.2274.
• The sale was executed in multiple transactions with prices ranging from $14.21 to $14.29.
• Following the transaction, Collins directly owns 46,624 shares.
• Collins also indirectly owns 61,768.085 shares through an IRA, including 41,000 shares in a ROTH IRA and 33,648.085 in a traditional IRA.
• Additionally, he indirectly owns 5,894 shares through a 401-K and directly owns 50,330 Restricted Stock Units.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a stock sale by a company insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment about the company's prospects.

Stakeholder Impact

• The stock sale by a high-ranking officer may be perceived differently by stakeholders.
• Some may view it as a lack of confidence in the company's future, while others may see it as a personal financial decision.

Key Dates