Richard A. Gartelmann JR - Feb 19, 2025 Form 4 Insider Report for OLD SECOND BANCORP INC (OSBC)

Role: EVP
Signature: /s/ Shirley Cantrell, Attorney-in-Fact
Stock symbol: OSBC
Transactions as of: Feb 19, 2025
Transactions value $: $0
Form type: 4
Date filed: 2/21/2025, 03:57 PM
Previous filing: Jan 2, 2025
Next filing: Mar 25, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OSBC	Restricted Stock Units	Award	$0	+5.51K	+44.71%	$0.00	17.8K	Feb 19, 2025	Direct	F1, F2
holding	OSBC	Old Second Bancorp, Inc. Common Stock						24.2K	Feb 19, 2025	Direct
holding	OSBC	Old Second Bancorp, Inc. Common Stock						12.2K	Feb 19, 2025	By 401-K
holding	OSBC	Old Second Bancorp, Inc. Common Stock						2.66K	Feb 19, 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.

Content

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.

Of this total, 8,914 shares are performance-based restricted stock units and 8,914 are time-based restricted stock units.