COLLINS GARY S 4
4 · OLD SECOND BANCORP INC · Filed Feb 21, 2025
Insider Transaction Report
Form 4
COLLINS GARY S
DirectorVICE CHAIRMAN
Transactions
- Award
Restricted Stock Units
2025-02-19+11,962→ 53,619 total
Holdings
- 61,768.085(indirect: By IRA)
Old Second Bancorp, Inc. Common Stock
- 6,370(indirect: By 401-K)
Old Second Bancorp, Inc. Common Stock
- 46,624
Old Second Bancorp, Inc. Common Stock
- 5,755
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 11,962 restricted stock units on the date of the grant, 5,981 of which are time-based restricted stock units that vest on the third anniversary of the grant date, and 5,981 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, 31,146 shares are Performance-based Restricted Stock Units and 22,473 are time-based Restricted Stock Units.
- [F3]Included in this total are 41,000 shares in a ROTH IRA and 20,768.085 in a traditional IRA.
- [F4]These shares are held in Mr. Collins' name outright.