Eccher James 4
Research Summary
AI-generated summary
Old Second (OSBC) CEO James Eccher Receives 132 Shares
What Happened
- James Eccher, Chairman and CEO of Old Second Bancorp (OSBC), was allocated a total of 132 shares on June 30, 2026. The allocation consists of 21 shares from the Employees Profit Sharing Plan and Trust and 111 shares from the Salary and Savings Plan. Each allocation was recorded at $0.00 per share (no cash purchase).
Key Details
- Transaction date: 2026-06-30; transaction type: allocation/other acquisition (code J); price: $0.00.
- Source of shares: 21 shares via Employees Profit Sharing Plan (F1) and 111 shares via Salary & Savings Plan (F2).
- Reported holdings note (F3): included in the reported total are 148 shares held jointly with spouse and 378,251 shares held in a brokerage account.
- Filing: Form 4 filed 2026-07-02; there is no indication in the filing that it was late.
Context
- These were plan allocations (not open-market purchases or option exercises), which are routine compensation/benefit plan credits and do not necessarily indicate a change in insider sentiment.
- Allocations recorded at $0.00 reflect internal plan credits rather than a cash transaction.