Old Second Bancorp insider granted 10,562 RSUs
Campbell Darin Patrick reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Campbell Darin Patrick reported acquisition or exercise transactions in this Form 4 filing.
OLD SECOND BANCORP INC disclosed that Darin Patrick Campbell, President of Powersports Lending and a director, received a grant of 10,562 restricted stock units on common stock. After this award, he directly holds 10,562 shares of restricted stock and 274,589 shares of common stock.
The grant is split between 5,281 time-based restricted stock units that vest on the third anniversary of the grant date and 5,281 performance-based restricted stock units. The performance-based units may vest between 0% and 175% of the original award, depending on compensation committee-approved performance metrics, with any vested shares delivered within three to five business days after vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock | 10,562 | $0.00 | $0.00 |
| holding | Old Second Bancorp, Inc. Common Stock | -- | -- | -- |
Footnotes (1)
- F1. Each restricted stock unit represents a contingent right to receive one share of common stock. The reporting person was granted 10,562 restricted stock units on the date of the grant, 5,281 of which are time-based restricted stock units that vest on the third anniversary of the grant date, and 5,281 of which are performance-based restricted stock units that may vest and convert to shares within a range from 0% to 175% of the underlying performance-based restricted stock units originally awarded, depending on our compensation committee approved performance metrics. Vested shares, if any, will be delivered to the reporting person in 3 to 5 business days from the date of vesting.
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