Form 4: OSBC CFO & COO Reports Stock Ownership Changes

Old Second Bancorp's CFO and COO, Bradley S. Adams, disclosed changes in his beneficial ownership of common stock and restricted stock units.

Summary

• Bradley S. Adams, CFO & COO of Old Second Bancorp Inc (OSBC), reported changes in his beneficial ownership of company securities.
• On December 31, 2025, Mr. Adams acquired 39 shares of Old Second Bancorp, Inc. Common Stock through the company's Salary & Savings Plan (401-k Plan) at a price of $0 per share.
• Following this transaction, Mr. Adams beneficially owns 10,124 shares indirectly through the 401-k Plan.
• He also directly owns 143,308 shares of Common Stock, which includes 75,300 shares held jointly with his spouse in a brokerage account and 68,008 shares held jointly outright.
• Additionally, Mr. Adams directly holds 77,444 Restricted Stock Units.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged trading plan.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of an executive's beneficial ownership changes, specifically a non-discretionary acquisition through a 401-k plan. It provides no new material information to significantly alter the company's outlook or valuation, hence a neutral sentiment.

Positives

• The acquisition of shares through a 401-k plan demonstrates continued participation in the company's employee benefit programs.
• The significant total beneficial ownership by a key executive aligns management's interests with shareholders.

Future Outlook

This filing is a disclosure of past transactions and does not contain forward-looking statements or guidance regarding the company's future performance.

Industry Context

This Form 4 filing is a routine disclosure of an executive's stock transactions, common across all publicly traded companies. It does not provide specific insights into broader industry trends or competitive landscape, but rather details individual insider ownership changes.

Corporate Governance

Related Party Transactions

• Acquisition of 39 shares through the Old Second Bancorp, Inc. Salary & Savings Plan (401-k Plan), which is an employee benefit plan sponsored by the issuer.

Stakeholder Impact

• Shareholders: Provides transparency regarding executive stock ownership and participation in company benefit plans, reinforcing alignment of interests.
• Employees: Highlights the availability and utilization of employee benefit plans like the 401-k.

Key Dates

Recommendation

This Form 4 filing reports a routine, non-discretionary acquisition of a small number of shares by an executive through a 401-k plan, along with a disclosure of total beneficial ownership. Such a transaction is not typically considered material enough to warrant a change in investment recommendation. It provides no new information regarding the company's operational performance, financial health, or strategic direction that would alter an investor's thesis. Therefore, a 'hold' recommendation is appropriate as there's no new catalyst for buying or selling based solely on this disclosure.

Keywords

Old Second Bancorp, OSBC, Form 4, Insider Trading, Beneficial Ownership, Common Stock, Restricted Stock Units, CFO, COO, Executive Compensation, 10b5-1 Plan