Old Second Bancorp (OSBC) CEO James Eccher Sells 55,687 Shares

What Happened

• James Eccher, Chairman and CEO (also a director) of Old Second Bancorp (OSBC), sold 55,687 shares on August 11, 2026 in an open-market disposition. The weighted average sale price was $25.46, generating proceeds of approximately $1,417,763. This was a sale (not a purchase) and therefore is typically considered routine insider selling rather than a bullish purchase signal.

Key Details

• Transaction date: 2026-08-11 (reported on Form 4 filed 2026-08-12)
• Shares sold: 55,687
• Price: weighted avg $25.46; reported range $25.30 to $25.6050
• Proceeds: ~$1,417,763
• Shares owned after transaction: not disclosed in the provided summary of the filing
• Footnotes: Sale executed pursuant to a Rule 10b5-1 trading plan adopted May 1, 2026 (pre-arranged plan)
• Filing timeliness: Form 4 filed one day after the transaction date (timely). Transaction code: S = Sale

Context

• The 10b5-1 plan note indicates these sales were made under a pre-established trading plan, which can allow insiders to sell shares on a set schedule and is commonly used to avoid trading on material nonpublic information. Such pre-arranged sales are often treated as routine and do not necessarily reflect the insider’s current view on the company’s prospects.