OLD SECOND BANCORP INC·4

Feb 5, 12:15 PM ET

Gartelmann Richard A JR 4

Research Summary

AI-generated summary

Updated

Old Second Bancorp (OSBC) EVP Richard Gartelmann Sells Shares

What Happened
Richard A. Gartelmann Jr., Executive Vice President of Old Second Bancorp (OSBC), sold 2,000 shares in an open-market transaction on February 5, 2026 at $20.98 per share, totaling approximately $41,950. The Form 4 reporting the sale was filed on February 5, 2026.

Key Details

  • Transaction date: 2026-02-05
  • Transaction type: Sale (code S) — open-market or private sale listed as open market in the filing
  • Shares sold: 2,000 at $20.98 each
  • Proceeds: ~$41,950
  • Shares owned after transaction: Not disclosed in the provided filing excerpt
  • Filing timeliness: Reported on the same date as the transaction (filed 2026-02-05)
  • No footnotes (e.g., 10b5-1 plan, tax withholding) were included in the provided excerpt

Context
Sales by company executives are common for liquidity, tax, or portfolio reasons and are generally less informative about future company prospects than purchases. This report documents a routine open-market disposal by an executive; it does not, by itself, indicate company-specific insider sentiment.