Richard A. Gartelmann JR - 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, 15:57:44 UTC
Previous filing
02 Jan 2025
Next filing
25 Mar 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OSBC Restricted Stock Units Award $0 +5,508 +45% $0.000000 17,828 19 Feb 2025 Direct F1, F2
holding OSBC Old Second Bancorp, Inc. Common Stock 24,216 19 Feb 2025 Direct
holding OSBC Old Second Bancorp, Inc. Common Stock 12,177 19 Feb 2025 By 401-K
holding OSBC Old Second Bancorp, Inc. Common Stock 2,658 19 Feb 2025 Direct
* 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 5,508 restricted stock units on the date of the grant, 2,754 of which are time-based restricted stock units that vest on the third anniversary of the grant date, and 2,754 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, 8,914 shares are performance-based restricted stock units and 8,914 are time-based restricted stock units.