Old Second Bancorp (NASDAQ: OSBC) vice chair sells 15,000 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
OLD SECOND BANCORP INC vice chairman Gary S. Collins reported open-market sales of company stock. On May 8, 2026, he sold 15,000 shares of Old Second Bancorp common stock in two transactions at $21.225 and $21.240 per share.
After these sales, Collins held 30,136 common shares directly, plus 73,256.085 shares indirectly through an IRA. He also reported 37,312 Restricted Stock Units and 7,058 common shares held via a 401-K plan, indicating he retains a substantial stake in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 15,000 shares ($318,525)
Net Sell
4 txns
Insider
COLLINS GARY S
Role
VICE CHAIRMAN
Sold
15,000 shs ($319K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Old Second Bancorp, Inc. Common Stock | 10,000 | $21.24 | $212K |
| Sale | Old Second Bancorp, Inc. Common Stock | 5,000 | $21.225 | $106K |
| holding | Old Second Bancorp, Inc. Common Stock | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Old Second Bancorp, Inc. Common Stock — 30,136 shares (Direct, null);
Old Second Bancorp, Inc. Common Stock — 73,256.085 shares (Indirect, IRA);
Restricted Stock Units — 37,312 shares (Direct, null)
Footnotes (1)
Key Figures
Shares sold (trade 1): 5,000 shares at $21.225
Shares sold (trade 2): 10,000 shares at $21.240
Total shares sold: 15,000 shares
+4 more
7 metrics
Shares sold (trade 1)
5,000 shares at $21.225
Open-market sale on May 8, 2026
Shares sold (trade 2)
10,000 shares at $21.240
Open-market sale on May 8, 2026
Total shares sold
15,000 shares
Net shares sold in reported transactions
Direct common shares after
30,136 shares
Direct holdings following transactions
IRA common shares after
73,256.085 shares
Indirect IRA holdings following transactions
Restricted Stock Units
37,312 units
RSU holdings as of May 8, 2026
401-K common shares
7,058 shares
Indirect holdings via 401-K
Key Terms
Restricted Stock Units, open-market sale, IRA, 401-K
4 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units""
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
IRA financial
"nature_of_ownership: "IRA""
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
401-K financial
"nature_of_ownership: "By 401-K""
