ADAMS BRADLEY S. 4
4 · OLD SECOND BANCORP INC · Filed Feb 22, 2024
Insider Transaction Report
Form 4
ADAMS BRADLEY S.
CFO & COO
Transactions
- Award
Restricted Stock Units
2024-02-20+33,236→ 79,496 total
Holdings
- 9,846(indirect: By 401-k Plan)
Old Second Bancorp, Inc. Common Stock
- 115,094
Old Second Bancorp, Inc. Common Stock
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of common stock. The reporting person was granted 33,236 restricted stock units on the date of the grant, 16,618 of which are time-based restricted stock units that vest on the third anniversary of the grant date, and 16,618 of which are performance-based restricted stock units that may vest and convert to shares within a range from 0% to 150% 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, 45,111 shares are Performance Based Restricted Stock Units and 34,385 shares are Restricted Stock Units.
- [F3]Included in this total are 75,300 shares held jointly with spouse with a broker, 39,794 shares held jointly with spouse outright.