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OLD SECOND BANCORP INC — Director's Dealing 2024
Feb 22, 2024
32302_dirs_2024-02-22_465195db-e6e2-4829-a5c3-f7a02cd15a10.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: OLD SECOND BANCORP INC (OSBC)
CIK: 0000357173
Period of Report: 2024-02-20
Reporting Person: Gartelmann Richard A JR (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-02-20 | Restricted Stock Units | A | 7150 | — | Acquired | 16383 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Old Second Bancorp, Inc. Common Stock | 24215.6670 | Direct |
| Old Second Bancorp, Inc. Common Stock | 11693 | Indirect |
Footnotes
F1: Each restricted stock unit represents a contingent right to receive one share of common stock. The reporting person was granted 7,150 restricted stock units on the date of the grant, 3,575 of which are time-based restricted stock units that vest on the third anniversary of the grant date, and 3,575 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: Included in this total are 6,160 shares of Performance Based Restricted Stock Units and 10,223 shares of Restricted Stock Units.
F3: Of this total, 20,975.667 shares are held in Trust with spouse and 3,240 shares are held in his name outright.