Old Second Bancorp (OSBC) CEO sells 55,687 shares in Rule 10b5-1 plan
Rhea-AI Filing Summary
Old Second Bancorp, Inc. Chairman and CEO James Eccher reported selling 55,687 shares of common stock on August 11, 2026 at a weighted average price of $25.4595 per share, with trades ranging from $25.30 to $25.6050. The sales were effected under a Rule 10b5-1 trading plan adopted on May 1, 2026. Following the sale, he reported 322,712 directly held shares, additional indirect holdings of 33,498 shares via a 401(k) and 6,378 via a profit-sharing plan, and 188,252 Restricted Stock Units.
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Insider Trade Summary 10b5-1
Net Seller: 55,687 shares
Net Sell
4 txns
Insider
Eccher James
Role
CHAIRMAN AND CEO
Sold
55,687 shs ($1.42M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Old Second Bancorp, Inc. Common Stock F1, F2 | 55,687 | $25.4595 | $1.42M |
| 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 — 322,712 shares (Direct);
Old Second Bancorp, Inc. Common Stock — 33,498 shares (Indirect, By 401-K);
Old Second Bancorp, Inc. Common Stock — 6,378 shares (Indirect, By Profit Sharing);
Restricted Stock Units — 188,252 shares (Direct)
Footnotes (2)
- F1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 1, 2026.
- F2. The price reported is a weighted average price. The transactions were effected at prices ranging from $25.30 to $25.6050.
Key Figures
Shares sold: 55,687 shares
Weighted average sale price: $25.4595 per share
Sale price range: $25.30 to $25.6050
+5 more
8 metrics
Shares sold
55,687 shares
Sale of Old Second Bancorp, Inc. common stock on August 11, 2026
Weighted average sale price
$25.4595 per share
Reported sale price for 55,687 shares, with trades in a specified range
Sale price range
$25.30 to $25.6050
Price range at which the reported sales were effected
Direct holdings after sale
322,712 shares
Directly owned Old Second Bancorp, Inc. common stock following the transaction
Indirect 401(k) holdings
33,498 shares
Shares held indirectly by 401-K after the reported transaction date
Indirect profit-sharing holdings
6,378 shares
Shares held indirectly by Profit Sharing after the reported transaction date
Restricted Stock Units held
188,252 units
Restricted Stock Units reported as directly held after the transaction
Rule 10b5-1 plan adoption date
May 1, 2026
Adoption date of the trading plan under which the sales were effected
Key Terms
Rule 10b5-1 trading plan, weighted average price, Restricted Stock Units
3 terms
Rule 10b5-1 trading plan regulatory
"The sales reported ... were effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The price reported is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Restricted Stock Units financial
"Security title is reported as 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did OSBC Chairman and CEO James Eccher report in this Form 4?
James Eccher reported a sale of 55,687 Old Second Bancorp (OSBC) shares on August 11, 2026 at a weighted average price of $25.4595 per share, executed under a Rule 10b5-1 trading plan.
Was James Eccher’s OSBC stock sale under a Rule 10b5-1 trading plan?
Yes. The Form 4 states the sales were made pursuant to a Rule 10b5-1 trading plan adopted by James Eccher on May 1, 2026, indicating the transactions were pre-arranged under that plan.
What indirect OSBC holdings does James Eccher report after the sale?
Post-transaction, James Eccher reports 33,498 OSBC shares held indirectly via a 401(k) plan and 6,378 shares held indirectly via a profit-sharing plan, along with separate holdings of 188,252 Restricted Stock Units.