Form 4: OSBC EVP Pilmer Boosts Stake via Employee Plans

Donald Pilmer, Executive Vice President of Old Second Bancorp Inc., increased his beneficial ownership through allocations in company employee plans.

Summary

• Donald Pilmer, Executive Vice President of Old Second Bancorp Inc. (OSBC), reported changes in his beneficial ownership.
• Acquired 1 share on September 30, 2025, through the Old Second Bancorp, Inc. Profit Sharing Plan.
• Acquired 14 shares on September 30, 2025, through the Old Second Bancorp, Inc. Employee Salary Savings Plan (401-K Plan).
• Following these transactions, Pilmer's total beneficial ownership includes 182 shares via the Profit Sharing Plan, 3,995 shares via the 401-K Plan, 1,450 shares in his spouse's IRA, 63,135 direct shares, and 38,718 Restricted Stock Units.

Sentiment

Score: 7

Explanation: The acquisition of shares by an executive, even through employee plans, generally indicates confidence in the company's future prospects and aligns management's interests with shareholders. While not an open market purchase, it still represents an increase in beneficial ownership.

Positives

• Executive Vice President Donald Pilmer increased his beneficial ownership in Old Second Bancorp Inc. through company-sponsored plans.
• The acquisition of shares, even through employee plans, indicates continued alignment of management interests with shareholders.

Future Outlook

The filing does not provide any forward-looking statements or guidance.

Industry Context

This filing is a routine insider transaction report, common across all publicly traded companies, reflecting an executive's participation in employee stock plans. It does not provide broader industry insights.

Stakeholder Impact

• Shareholders: Increased alignment of executive interests with shareholder value due to increased beneficial ownership.
• Employees: The filing highlights the existence and use of employee stock plans (Profit Sharing and 401-K) for executives.

Key Dates

Recommendation

While the increase in beneficial ownership by an executive is generally a positive signal, these transactions are routine allocations through employee plans rather than open market purchases. This indicates continued participation in company benefits and alignment of interests, but does not provide new fundamental information to warrant a change in investment thesis. Therefore, a 'hold' recommendation is appropriate, maintaining current positions based on broader company fundamentals.

Keywords

Old Second Bancorp, OSBC, Donald Pilmer, Insider Transaction, Form 4, Beneficial Ownership, EVP, Stock Acquisition, Employee Plans