Old Second Bancorp (OSBC) vice chair sells 10,000 shares in IRA
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Old Second Bancorp Inc. vice chairman and director Gary S. Collins reported an open-market sale of 10,000 shares of Old Second Bancorp common stock at $21.12 per share through an IRA. After this transaction, the IRA holds 63,256.085 shares.
The filing also shows Collins with 30,136 shares of common stock held directly, 7,058 shares held indirectly through a 401-K, and 37,312 restricted stock units as of the reported date. These additional lines reflect reported holdings rather than new purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 10,000 shares ($211,200)
Net Sell
4 txns
Insider
COLLINS GARY S
Role
VICE CHAIRMAN
Sold
10,000 shs ($211K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Old Second Bancorp, Inc. Common Stock | 10,000 | $21.12 | $211K |
| holding | Old Second Bancorp, Inc. Common Stock | -- | -- | -- |
| holding | Old Second Bancorp, Inc. Common Stock | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Old Second Bancorp, Inc. Common Stock — 63,256.085 shares (Indirect, IRA);
Old Second Bancorp, Inc. Common Stock — 30,136 shares (Direct, null);
Restricted Stock Units — 37,312 shares (Direct, null)
Footnotes (1)
Key Figures
Shares sold: 10,000 shares
Sale price: $21.12 per share
IRA holdings after sale: 63,256.085 shares
+3 more
6 metrics
Shares sold
10,000 shares
Open-market sale of common stock
Sale price
$21.12 per share
Price for 10,000-share sale
IRA holdings after sale
63,256.085 shares
Old Second Bancorp common stock in IRA post-transaction
Direct common shares
30,136 shares
Directly held Old Second Bancorp common stock
401-K holdings
7,058 shares
Indirect holdings via 401-K
Restricted Stock Units
37,312 units
RSU holdings reported as of transaction date
Key Terms
Restricted Stock Units, open-market sale, IRA, 401-K
4 terms
Restricted Stock Units financial
"security_title: Restricted Stock Units with 37,312 units reported as holdings"
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 of 10,000 common shares at $21.12"
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 for 10,000-share sale and 63,256.085 post-transaction shares"
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 for 7,058 indirectly held common shares"
FAQ
What insider transaction did OSBC vice chairman Gary S. Collins report?
Gary S. Collins reported selling 10,000 shares of Old Second Bancorp common stock. The sale was an open-market transaction at $21.12 per share and was executed through an IRA account, according to the Form 4 filing details.
What other Old Second Bancorp holdings does Gary S. Collins report on this Form 4?
Besides the IRA position, Collins reports 30,136 Old Second Bancorp common shares held directly and 7,058 shares held indirectly via a 401-K. He also reports 37,312 restricted stock units, all shown as holdings as of the transaction date.
Is the OSBC insider transaction a buy or a sell by Gary S. Collins?
The Form 4 shows a sell transaction by Gary S. Collins. Specifically, it records an open-market sale of 10,000 Old Second Bancorp common shares, coded as an “S” transaction, indicating a sale in the open market or a private transaction.