Pilmer Donald 4
4 · OLD SECOND BANCORP INC · Filed Feb 22, 2024
Insider Transaction Report
Form 4
Transactions
- Award
Restricted Stock Units
2024-02-20+16,064→ 34,836 total
Holdings
- 177(indirect: By Profit Sharing Plan)
Old Second Bancorp, Inc. Common Stock
- 1,450(indirect: By Spouse)
Old Second Bancorp, Inc. Common Stock
- 3,900(indirect: By 401-K Plan)
Old Second Bancorp, Inc. Common Stock
- 57,649
Old Second Bancorp, Inc. Common Stock
Footnotes (4)
- [F1]Each restricted stock unit represents a contingent right to receive one share of common stock. The reporting person was granted 16,064 restricted stock units on the date of the grant, 8,032 of which are time-based restricted stock units that vest on the third anniversary of the grant date, and 8,032 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]Of this total, 13,288 shares are Performance Based Restricted Stock Units and 21,548 shares of Restricted Stock Units.
- [F3]These shares are held in spouse's IRA for which Mr. Pilmer is listed as a beneficiary.
- [F4]Included in this total are 50,976 shares held in a brokerage account and 6,673 shares in Mr. Pilmer's name alone.