Form 4: OSBC CFO & COO Increases Stock Holdings

Old Second Bancorp's CFO and COO, Bradley S. Adams, reported an acquisition of 35 common shares through the company's 401-k plan, increasing his indirect beneficial ownership.

Summary

• Bradley S. Adams, the Chief Financial Officer and Chief Operating Officer of Old Second Bancorp Inc (OSBC), reported changes in his beneficial ownership.
• On September 30, 2025, Adams acquired 35 shares of Old Second Bancorp, Inc. Common Stock through an allocation to his 401-k Plan.
• The transaction price for these shares was $0, indicating an allocation rather than a direct purchase.
• Following this transaction, Adams' indirect beneficial ownership through the 401-k Plan increased to 10,085 shares.
• His direct beneficial ownership of Common Stock remains at 143,308 shares, which includes 75,300 shares held jointly with his spouse with a broker and 68,008 shares held jointly with his spouse outright.
• Adams also directly beneficially owns 77,444 Restricted Stock Units.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive due to an insider increasing their holdings, albeit through a routine 401-k allocation and a very small number of shares relative to total holdings.

Positives

• The acquisition of shares by a key executive, even a small amount, can signal confidence in the company's future prospects.
• The allocation through a 401-k plan demonstrates continued participation in employee benefit programs.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This insider transaction is a routine disclosure for a publicly traded company's executive and does not inherently reflect broader industry trends or competitive positioning. It is a standard compliance filing for personal stock ownership changes.

Related Party Transactions

• The allocation of shares to the 401-k plan is a transaction involving an employee benefit plan sponsored by the issuer, which is a common form of related party dealing in the context of executive compensation.

Stakeholder Impact

• Shareholders may view the executive's increased stake, even if small and routine, as a minor positive signal of management's alignment with shareholder interests.

Key Dates

Recommendation

This Form 4 filing details a routine, small acquisition of shares by a key executive through a 401-k plan. While it indicates continued confidence, the transaction size (35 shares) is too minor to significantly alter the investment thesis or warrant a strong buy or sell recommendation. Investors should consider this information as part of a broader analysis of the company's financial performance and strategic direction.

Keywords

OSBC, Old Second Bancorp, Bradley S. Adams, Form 4, Insider Transaction, Common Stock, 401-k Plan, Beneficial Ownership, CFO, COO