Form 4: Vice Chairman Gary Collins Reports OSBC Stock Changes

Old Second Bancorp Vice Chairman Gary Collins reported changes in his beneficial ownership of company common stock, including an acquisition of 40 shares through a 401-K plan.

Summary

• Gary S. Collins, Vice Chairman and Director of Old Second Bancorp Inc. (OSBC), reported changes in his beneficial ownership of company stock.
• On December 31, 2025, Collins acquired 40 shares of Old Second Bancorp, Inc. Common Stock through the company's Employee Salary and Savings Plan.
• These 40 shares were allocated during the fourth quarter of 2025 and are held indirectly via a 401-K.
• Following this transaction, Collins' indirect beneficial ownership includes 6,805 shares in a 401-K and 78,256.085 shares in IRAs (41,000 in a ROTH IRA and 37,256.085 in a traditional IRA).

Sentiment

Score: 6

Explanation: The acquisition of shares by an insider, even a small amount through a plan, is generally a positive signal of confidence. However, the filing is purely transactional and lacks broader financial or strategic information to significantly impact sentiment.

Positives

• Insider acquisition of 40 common shares, albeit a small amount, indicates continued alignment with shareholder interests.
• The acquisition was made at a price of $0, likely through an employee benefit plan, which is a non-cash acquisition.

Negatives

• No significant negative information is present in this Form 4 filing, which primarily reports insider transactions.

Risks

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

Future Outlook

The filing does not contain specific forward-looking statements or guidance, as it is a report of past insider transactions.

Industry Context

This Form 4 filing reports an insider transaction for a regional bank executive. Such filings are routine disclosures and generally do not provide broader industry context. However, insider buying, even in small amounts, can sometimes be seen as a positive signal of management's confidence in the company's future within the financial services sector.

Comparison to Industry Standards

• This filing is a standard Form 4 disclosure of insider trading, which is a regulatory requirement for public companies. It does not contain information that allows for a direct comparison of financial results or operational performance against industry benchmarks or specific comparable companies/projects.

Corporate Governance

Related Party Transactions

• The acquisition of shares through an employee salary and savings plan could be considered a related party transaction, as it involves an executive and the company's benefit plan. However, it's a standard part of executive compensation and not typically flagged as an unusual related party transaction in this context.

Stakeholder Impact

• Shareholders may view the insider acquisition, even if small and through a plan, as a minor positive signal of management's belief in the company's value. No other direct impacts on employees, customers, suppliers, or creditors are indicated by this transactional filing.

Key Dates

Recommendation

This Form 4 filing reports a routine insider transaction where the Vice Chairman acquired a very small number of shares (40) through an employee savings plan. While insider buying can be a positive signal, the quantity is too insignificant to warrant a change in investment recommendation based solely on this filing. It confirms continued insider ownership and participation in company plans but provides no new fundamental information to alter a 'hold' stance.

Keywords

Old Second Bancorp, OSBC, Insider Trading, Form 4, Beneficial Ownership, Gary S. Collins, Common Stock, 401-K, IRA, Director, Vice Chairman