Stock award and tax withholding for Old Second Bancorp (OSBC) vice chair
Rhea-AI Filing Summary
Old Second Bancorp vice chairman Gary S. Collins reported equity compensation activity in company stock. On March 2, 2026, he acquired 14,432 shares of Old Second Bancorp, Inc. common stock at $0.00 per share as a grant tied to the vesting of performance-based restricted stock units under the company’s 2019 Equity Incentive Plan. A footnote explains that earlier he had reported 8,246 units based on target performance and that actual performance above target led to an additional 6,186 shares being delivered. The company withheld 4,228 shares at $19.91 per share to cover tax obligations related to this vesting, with the remaining shares added to his common stock holdings. After these updates, he holds 46,624 shares of common stock directly, 78,256.085 shares indirectly through IRAs, 6,805 shares indirectly via a 401(k), and 37,312 restricted stock units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Old Second Bancorp, Inc. Common Stock | 14,432 | $0.00 | -- |
| Tax Withholding | Old Second Bancorp, Inc. Common Stock | 4,228 | $19.91 | $84K |
| holding | Old Second Bancorp, Inc. Common Stock | -- | -- | -- |
| holding | Old Second Bancorp, Inc. Common Stock | -- | -- | -- |
| holding | Old Second Bancorp, Inc. Common Stock | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Footnotes (1)
- Shares delivered to the reporting person pursuant to vesting of performance-based restricted stock units granted under the Old Second Bancorp, Inc. 2019 Equity Incentive Plan, as Amended and Restated and vested upon achievement of performance goals for the applicable performance period. The reporting person reported an acquisition of 8,246 on Form 4 filed February 21, 2023, which represented the number of shares that would be delivered if target performance was achieved during the performance period. Actual performance exceeded the target performance for the performance period which resulted in an additional grant of 6,186 shares. Represents shares withheld by the issuer to satisfy applicable tax withholding obligations in connection with the vesting of 14,432 previously reported performance-based restricted stock units, the remaining shares of which were issued and added to the reporting person's common stock holdings. Included in this total are 41,762 shares of restricted stock units and 69,236.306 shares in Mr. Collins name in a broker account. Included in this total are 41,000 shares in a ROTH IRA and 37,256.085 in a traditional IRA.
