Form 4: Old Second Bancorp Vice Chairman Sells 10,000 Shares

Vice Chairman Gary S. Collins sold 10,000 shares of Old Second Bancorp common stock at an average price of $21.12.

Summary

• Gary S. Collins, Vice Chairman of Old Second Bancorp, Inc. (OSBC), executed a sale of 10,000 shares of common stock.
• The transaction occurred on May 21, 2026, at a price of $21.12 per share.
• Following the sale, the reporting person maintains a beneficial ownership of 63,256.085 shares held in an IRA.
• The reporting person continues to hold 30,136 shares directly, 7,058 shares via 401-K, and 37,312 Restricted Stock Units.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event; routine insider selling is a standard corporate governance disclosure and does not inherently signal negative company health.

Positives

• The reporting person retains a significant equity stake in the company across multiple holding types, including direct ownership and restricted stock units.

Negatives

• The sale represents a reduction in the insider's direct financial exposure to the company's stock performance.

Risks

• Insider selling can sometimes be perceived by the market as a lack of confidence in near-term stock appreciation, though it is often driven by personal financial planning.

Future Outlook

No forward-looking guidance or strategic outlook was provided in this regulatory filing.

Industry Context

StockSavvy.ai notes that insider sales by high-ranking executives are common in the banking sector and are frequently related to personal liquidity needs or pre-planned diversification strategies rather than fundamental shifts in company performance.

Comparison to Industry Standards

• The sale of 10,000 shares is a standard transaction size for a Vice Chairman of a regional bank of this market capitalization.
• The retention of over 75,000 shares in various accounts indicates that the executive remains significantly aligned with shareholder interests.

Stakeholder Impact

• Minimal impact expected on shareholders as the sale represents a small portion of the executive's total holdings.

Key Dates

Keywords

OSBC, Old Second Bancorp, Insider Trading, Form 4, Banking, Stock Sale