Gartelmann Richard A JR 4
4 · OLD SECOND BANCORP INC · Filed Feb 21, 2025
Insider Transaction Report
Form 4
Transactions
- Award
Restricted Stock Units
2025-02-19+5,508→ 17,828 total
Holdings
- 24,215.667
Old Second Bancorp, Inc. Common Stock
- 12,177(indirect: By 401-K)
Old Second Bancorp, Inc. Common Stock
- 2,658
Old Second Bancorp, Inc. Common Stock
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive one share of common stock. The reporting person was granted 5,508 restricted stock units on the date of the grant, 2,754 of which are time-based restricted stock units that vest on the third anniversary of the grant date, and 2,754 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, 8,914 shares are performance-based restricted stock units and 8,914 are time-based restricted stock units.