James Eccher - Mar 13, 2024 Form 4 Insider Report for OLD SECOND BANCORP INC (OSBC)

Role
CHAIRMAN AND CEO, Director
Signature
/s/ Shirley Cantrell, Attorney-in-Fact
Stock symbol
OSBC
Transactions as of
Mar 13, 2024
Transactions value $
-$120,213
Form type
4
Date filed
3/15/2024, 06:22 PM
Previous filing
Feb 22, 2024
Next filing
Jul 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OSBC Old Second Bancorp, Inc. Common Stock Award $0 +30.7K +11.47% $0.00 298K Mar 13, 2024 Direct F1
transaction OSBC Old Second Bancorp, Inc. Common Stock Tax liability -$120K -9K -3.02% $13.36 289K Mar 13, 2024 Direct F2, F3
holding OSBC Restricted Stock Units 162K Mar 13, 2024 Direct F4
holding OSBC Old Second Bancorp, Inc. Common Stock 31.5K Mar 13, 2024 By 401-K
holding OSBC Old Second Bancorp, Inc. Common Stock 6.16K Mar 13, 2024 By Profit Sharing
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares delivered to the reporting person pursuant to vesting of performance-based restricted stock units granted under the Old Second Bancorp, Inc. 2019 Equity Incentive Plan, as Amended and Restated and vested upon achievement of performance goals for the applicable reporting period. At the time of grant, the reporting person reported an acquisition of 20,476 of these shares, which represented the number of shares that would be delivered if target performance was achieved during the performance period. Actual performance exceeded the target performance for teh performance period.
F2 Shares withheld for taxes upon the settlement in shares of the performance-based restricted stock units previously granted to the reporting person.
F3 Included in this total are 267,543 shares held with a broker; 21,716 shares held outright solely by the reporting person and 148 shares held jointly with the spouse.
F4 Included in this total are 80,840 shares of time-based unvested restricted stock units and 80,840 shares of performance-based restricted stock units, (representing the number of unvested performance-based restricted stock units that will vest if target performance is achieved).