Form 4: OSBC Director Reports RSU Grant and Vesting Activity

Old Second Bancorp Director Keith Kotche reported the acquisition of 3,121 restricted stock units and the vesting of 3,077 restricted stock units, with shares withheld for tax purposes.

Summary

• Keith Kotche, a Director of Old Second Bancorp, Inc. (OSBC), acquired 3,121 Restricted Stock Units (RSUs) on February 17, 2026, at a price of $0 per unit.
• These newly acquired RSUs are subject to a three-year cliff vesting schedule.
• On February 21, 2026, 3,077 Restricted Stock Units vested, representing the third anniversary of a prior grant.
• Concurrently with the vesting, 3,077 shares were disposed of at a price of $20.57 per share, likely for tax withholding purposes related to the RSU vesting.
• Following these transactions, Keith Kotche beneficially owns 10,595 Restricted Stock Units directly and 184,384 shares of Old Second Bancorp, Inc. Common Stock directly.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a routine insider transaction. The RSU grant is a positive for aligning the director's interests with the company's long-term performance, while the vesting and tax withholding are standard procedures.

Positives

• The grant of 3,121 Restricted Stock Units to a director aligns management's interests with long-term shareholder value creation, as these units vest over three years.

Negatives

• The disposition of 3,077 shares for tax withholding purposes reduces the director's immediate direct equity holdings, although this is a standard practice upon RSU vesting.

Future Outlook

The newly granted Restricted Stock Units have a three-year cliff vesting schedule, indicating a future incentive for the director tied to the company's performance over that period.

Industry Context

StockSavvy.ai notes that Form 4 filings provide transparency into insider trading activities, offering insights into how company executives and directors are managing their equity holdings. RSU grants are a common form of executive compensation, designed to align management incentives with long-term shareholder interests.

Stakeholder Impact

• Shareholders gain transparency into the equity holdings and incentive structure of a key director, which can influence confidence in management's commitment to the company's future.

Next Steps

• The 3,121 Restricted Stock Units granted on February 17, 2026, are expected to vest in three years.

Key Dates

Recommendation

The filing details routine insider transactions, including an RSU grant that aligns the director's interests with long-term company performance and a vesting event with tax withholding. These transactions are not indicative of a significant shift in company fundamentals or outlook, thus a 'hold' recommendation is appropriate.

Keywords

OSBC, Old Second Bancorp, Form 4, Insider Transaction, Restricted Stock Units, RSU, Keith Kotche, Director, Beneficial Ownership