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

Reporting relationship: CHAIRMAN AND CEO, Director
Issuer ticker: OSBC
Reported as of: 13 Mar 2024
Net transaction value: -$120,213
SEC form: 4
Accepted by SEC: 15 Mar 2024, 18:22:36 UTC
Prior SEC filing: 22 Feb 2024
Next SEC filing: 02 Jul 2024
Source filing: View source filing
Reporting owner signature: /s/ Shirley Cantrell, Attorney-in-Fact

Key filing fact

James Eccher filed Form 4 for OLD SECOND BANCORP INC (OSBC) on 15 Mar 2024.

Key facts

This page summarizes James Eccher's Form 4 filing for OLD SECOND BANCORP INC (OSBC).
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 15 Mar 2024, 18:22.

Change

Previous filing in this sequence was filed on 22 Feb 2024.
Current net transaction value: -$120,213.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

OSBC transaction

Old Second Bancorp, Inc. Common Stock

Award

Transaction value: $0
Shares: +30,714
Change %: +11%
Price: $0.000000
Shares after: 298,405
Date: 13 Mar 2024
Ownership: Direct
Footnotes: F1

OSBC transaction

Old Second Bancorp, Inc. Common Stock

Tax liability

Transaction value: $120,213
Shares: -8,998
Change %: -3%
Price: $13.36
Shares after: 289,407
Date: 13 Mar 2024
Ownership: Direct
Footnotes: F2, F3

OSBC holding

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 161,680
Date: 13 Mar 2024
Ownership: Direct
Footnotes: F4

OSBC holding

Old Second Bancorp, Inc. Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 31,494
Date: 13 Mar 2024
Ownership: By 401-K

OSBC holding

Old Second Bancorp, Inc. Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 6,161
Date: 13 Mar 2024
Ownership: By Profit Sharing

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote 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.

Footnote F2

Shares withheld for taxes upon the settlement in shares of the performance-based restricted stock units previously granted to the reporting person.

Footnote 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.

Footnote 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).