Gartelmann Richard A JR 4
4 · OLD SECOND BANCORP INC · Filed Feb 22, 2024
Insider Transaction Report
Form 4
Transactions
- Award
Restricted Stock Units
2024-02-20+7,150→ 16,383 total
Holdings
- 24,215.667
Old Second Bancorp, Inc. Common Stock
- 11,693(indirect: By 401-K)
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 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.