Old Second Bancorp (OSBC) EVP sells 2,000 shares at $20.975 in Form 4 filing
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Old Second Bancorp executive vice president Richard A. Gartelmann, Jr. reported selling 2,000 shares of Old Second Bancorp, Inc. common stock on February 5, 2026 at a price of $20.975 per share. After this sale, he directly owns 24,874 common shares, plus 12,563 shares held indirectly through a 401(k) plan and 20,552 restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,000 shares ($41,950)
Net Sell
3 txns
Insider
Gartelmann Richard A JR
Role
EVP
Sold
2,000 shs ($42K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Old Second Bancorp, Inc. Common Stock | 2,000 | $20.975 | $42K |
| holding | Old Second Bancorp, Inc. Common Stock | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Old Second Bancorp, Inc. Common Stock — 24,874 shares (Direct);
Old Second Bancorp, Inc. Common Stock — 12,563 shares (Indirect, By 401-K);
Restricted Stock Units — 20,552 shares (Direct)
Footnotes (1)
FAQ
What insider transaction did OSBC executive Richard Gartelmann report?
Richard A. Gartelmann, Jr., an EVP of Old Second Bancorp (OSBC), reported selling 2,000 shares of the company’s common stock. The sale occurred on February 5, 2026, and was disclosed on a Form 4 insider trading report filed under SEC Section 16 rules.
What indirect OSBC holdings does the Old Second Bancorp EVP report?
The Old Second Bancorp EVP reports indirect ownership of 12,563 OSBC common shares through a 401(k) plan. This is in addition to his directly held shares and his separate holding of 20,552 restricted stock units tied to Old Second Bancorp stock.
Does the OSBC Form 4 include any derivative securities for Old Second Bancorp?
Yes, the OSBC Form 4 discloses 20,552 restricted stock units related to Old Second Bancorp shares. These units represent derivative equity interests that may convert into common stock under plan terms, separate from the directly and indirectly held common shares.
What role does the reporting person hold at Old Second Bancorp (OSBC)?
The reporting person, Richard A. Gartelmann, Jr., serves as an Executive Vice President at Old Second Bancorp (OSBC). His officer status and title are disclosed in the Form 4, along with details of his recent stock sale and current equity holdings.