COLLINS GARY S 4
Research Summary
AI-generated summary
Old Second Bancorp (OSBC) Vice Chair Gary Collins Sells 15,000 Shares
What Happened Gary S. Collins, Vice Chairman and director of Old Second Bancorp (OSBC), sold a total of 15,000 shares in open-market transactions on May 8, 2026. The sales were for 10,000 shares at $21.24 each (≈ $212,400) and 5,000 shares at $21.23 each (≈ $106,125), totaling approximately $318,525. These were outright sales (code S) rather than purchases or option exercises.
Key Details
- Transaction dates and prices: 2026-05-08 — 10,000 shares @ $21.24; 2026-05-08 — 5,000 shares @ $21.23.
- Total proceeds: ≈ $318,525.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes/plan: No 10b5-1 plan, tax withholding, or other special footnotes indicated in the supplied data.
- Filing timeliness: Report filed 2026-05-11 — appears timely (filed within the SEC’s two-business-day window).
Context Sales by executives and directors are common and can be routine (for diversification, liquidity, tax reasons, etc.); they do not necessarily indicate a change in view on the company. Purchases tend to be more directly interpreted as a bullish signal. This summary is factual to the reported transactions and does not speculate on Collins’s motivations.