Form 4: OSBC Vice Chairman Sells Shares

Old Second Bancorp Vice Chairman Gary S. Collins sold 22,154 shares of common stock under a pre-arranged trading plan.

Summary

• Gary S. Collins, Vice Chairman and Director of Old Second Bancorp Inc. (OSBC), disposed of 22,154 shares of common stock.
• The transaction occurred on March 20, 2026, at a weighted average price of $19.3841 per share.
• The shares were sold in multiple transactions within a price range of $19.37 to $19.40.
• The sale was conducted pursuant to a Rule 10b5-1 pre-arranged trading plan.
• Following the transaction, Mr. Collins directly owns 40,136 shares of common stock and 37,312 Restricted Stock Units.
• Indirectly, Mr. Collins beneficially owns 78,256.085 shares in IRAs (41,000 in ROTH IRA, 37,256.085 in traditional IRA) and 6,805 shares in a 401-K.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly negative event. While a significant insider sale, its execution under a pre-arranged 10b5-1 plan mitigates the typical negative sentiment associated with unplanned insider selling, suggesting a personal financial planning decision rather than a reaction to adverse company developments.

Positives

• The sale was executed under a Rule 10b5-1 plan, indicating a pre-scheduled transaction rather than a reaction to immediate company news, which can mitigate negative market perception.

Negatives

• A significant insider sale of 22,154 shares by a high-ranking executive could be interpreted by some investors as a signal of reduced confidence, despite being pre-planned.

Industry Context

StockSavvy.ai notes that insider transactions, particularly sales by high-level executives, are closely monitored by investors as potential indicators of management's sentiment regarding the company's future prospects. While a 10b5-1 plan suggests a planned liquidity event, the volume of shares sold can still draw attention in the banking sector, where executive confidence is a key factor.

Stakeholder Impact

• Shareholders may interpret the sale differently; some might view it as a routine liquidity event under a 10b5-1 plan, while others might perceive it as a negative signal from a key executive.

Key Dates

Recommendation

The sale by a Vice Chairman, while notable in volume, was executed under a pre-arranged 10b5-1 plan, suggesting a planned liquidity event rather than a reaction to new negative information. This mitigates the typical negative signal of insider selling, warranting a 'hold' as the transaction itself doesn't fundamentally alter the company's investment thesis.

Keywords

OSBC, Old Second Bancorp, Gary S. Collins, Insider Sale, Form 4, 10b5-1 Plan, Common Stock, Vice Chairman, Director