Form 4: OSBC EVP Acquires Shares via 401-K Plan

Old Second Bancorp EVP Richard A. Gartelmann Jr. reported an acquisition of 47 common shares through the company's Salary and Savings Plan.

Summary

• Richard A. Gartelmann Jr., Executive Vice President of Old Second Bancorp Inc. (OSBC), reported changes in beneficial ownership.
• On December 31, 2025, Mr. Gartelmann acquired 47 shares of Old Second Bancorp, Inc. Common Stock at a price of $0 per share.
• This acquisition was an allocation made during the fourth quarter pursuant to the Old Second Bancorp, Inc. Salary and Savings Plan.
• Following this transaction, Mr. Gartelmann indirectly beneficially owns 12,563 shares of common stock through his 401-K plan.
• The filing also indicates a disposition of 26,874 shares of Old Second Bancorp, Inc. Common Stock and 20,552 Restricted Stock Units in Table I, but specific transaction dates for these entries are not provided, making their context within this Form 4 unclear.

Sentiment

Score: 6

Explanation: The acquisition of shares by an EVP, even through a 401-K plan, generally indicates a degree of confidence. However, the routine nature of the allocation and the unclear context of the listed dispositions prevent a stronger positive sentiment.

Positives

• An Executive Vice President acquiring additional shares, even through a 401-K plan, can signal confidence in the company's future prospects.
• The acquisition of 47 shares increases the EVP's indirect beneficial ownership in the company's common stock.

Negatives

• The filing indicates a disposition of 26,874 shares of Old Second Bancorp, Inc. Common Stock and 20,552 Restricted Stock Units in Table I. If these represent recent sales, they would reduce the EVP's overall direct or indirect holdings, though specific transaction dates for these are not provided, making their impact uncertain.

Risks

• No specific risks are mentioned in this Form 4 filing.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance.

Industry Context

This is an insider transaction report, specific to an individual executive's holdings, and does not directly relate to broader industry trends or competitors. Such routine allocations through employee savings plans are common across industries.

Comparison to Industry Standards

• This filing reports a routine insider transaction (401-K allocation) and does not provide data for comparison to global benchmarks or specific comparable companies/projects.

Related Party Transactions

• The allocation of shares through the company's Salary and Savings Plan could be considered a related party transaction, as it involves an executive and the company's employee benefit plan.

Stakeholder Impact

• Shareholders: The acquisition of shares by an EVP could be viewed positively as a sign of management's alignment with shareholder interests. The listed dispositions, if recent, could be viewed neutrally or slightly negatively depending on their context.
• Employees: The filing highlights the existence of an employee savings plan, which is a benefit for employees.

Key Dates

Recommendation

This Form 4 reports a routine insider transaction (401-K allocation) and some ambiguous dispositions. It does not provide sufficient new information regarding the company's financial performance, strategic direction, or significant operational changes to warrant a change in investment recommendation. Investors should continue to hold based on broader company fundamentals and market conditions, rather than this specific filing.

Keywords

Old Second Bancorp Inc., OSBC, Form 4, Insider Trading, Beneficial Ownership, Executive Vice President, Richard A. Gartelmann Jr., Common Stock, 401-K, Restricted Stock Units, Insider Transaction