Old Second Bancorp (OSBC) director logs RSU grant and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
OLD SECOND BANCORP INC director Hugh H. McLean reported equity award activity involving restricted stock units and common stock. On February 17, 2026, he received a grant of 3,121 restricted stock units at $0.00 per unit under the company’s Long Term Incentive Plan, which carry a three-year cliff vesting schedule.
Upon vesting on the third anniversary of the prior grant, 3,077 shares of common stock were issued and added to his holdings, with a related tax-withholding disposition of 3,077 restricted stock units at $20.57 per share on February 21, 2026. Following these transactions, he directly held 10,595 restricted stock units and 157,274 shares of Old Second Bancorp, Inc. common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
MCLEAN HUGH H
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Restricted Stock Units | 3,077 | $20.57 | $63K |
| Grant/Award | Restricted Stock Units | 3,121 | $0.00 | -- |
| holding | Old Second Bancorp, Inc. Common Stock | -- | -- | -- |
| holding | Old Second Bancorp, Inc. Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 10,595 shares (Direct);
Old Second Bancorp, Inc. Common Stock — 3,077 shares (Direct)
Footnotes (1)
- These represent restricted stock units granted pursuant to the Old Second Bancorp, Inc. Long Term Incentive Plan. These shares have a three-year cliff vesting. Represents shares vested upon the third anniversary of the date of grant previously reported and are now issued and added to the reporting person's common stock holdings outright. These shares are held in Mr. McLean's name outright. These shares are held jointly with spouse.
FAQ
What insider transactions did OSBC director Hugh H. McLean report on this Form 4?
Hugh H. McLean reported a grant of restricted stock units and a related tax-withholding disposition. He received 3,121 restricted stock units, then 3,077 units were used to satisfy tax obligations when earlier awards vested and converted into common shares.
How many restricted stock units were granted to OSBC director Hugh H. McLean?
McLean was granted 3,121 restricted stock units at a price of $0.00 per unit. These units were issued under Old Second Bancorp, Inc.’s Long Term Incentive Plan and are subject to a three-year cliff vesting schedule before converting into common stock.
What was the size and price of the tax-withholding disposition reported by OSBC’s director?
The filing shows a tax-withholding disposition of 3,077 restricted stock units at $20.57 per share. This transaction satisfied tax obligations when previously granted awards vested and the corresponding common shares were issued and added to Hugh H. McLean’s holdings.
What are the vesting terms of the restricted stock units granted to OSBC director Hugh H. McLean?
The restricted stock units granted to McLean have a three-year cliff vesting schedule. This means none of the units vest until the third anniversary of the grant date, at which time they vest in full and convert into Old Second Bancorp, Inc. common shares.