Donald Pilmer - 19 Feb 2025 Form 4 Insider Report for OLD SECOND BANCORP INC (OSBC)

Role
EVP
Signature
/s/ Shirley Cantrell, Attorney-in-Fact
Issuer symbol
OSBC
Transactions as of
19 Feb 2025
Net transactions value
$0
Form type
4
Filing time
21 Feb 2025, 15:56:43 UTC
Previous filing
02 Jan 2025
Next filing
01 Apr 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OSBC Restricted Stock Units Award $0 +12,142 +46% $0.000000 38,718 19 Feb 2025 Direct F1, F2
holding OSBC Old Second Bancorp, Inc. Common Stock 57,649 19 Feb 2025 Direct
holding OSBC Old Second Bancorp, Inc. Common Stock 5,486 19 Feb 2025 Direct F3
holding OSBC Old Second Bancorp, Inc. Common Stock 1,450 19 Feb 2025 Spouse's IRA F4
holding OSBC Old Second Bancorp, Inc. Common Stock 3,954 19 Feb 2025 By 401-K Plan
holding OSBC Old Second Bancorp, Inc. Common Stock 180 19 Feb 2025 By Profit Sharing Plan
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of common stock. The reporting person was granted 12,142 restricted stock units on the date of the grant, 6,071 of which are time-based restricted stock units that vest on the third anniversary of the grant date, and 6,071 of which are performance-based restricted stock units that may vest and convert to shares within a range from 0% to 175% of the underlying performance-based restricted stock units originally awarded, depending on our compensation committee approved performance metrics. Vested shares, if any, will be delivered to the reporting person in 3 to 5 business days from the date of vesting.
F2 Of this total, 19,359 shares are performance-based restricted stock units and 19,359 shares are time-based restricted stock units.
F3 These shares are held in Mr. Pilmer's name outright.
F4 These shares are held in spouse's IRA for which Mr. Pilmer is listed as a beneficiary.