Old Second Bancorp (NASDAQ: OSBC) grants 8,858 RSUs to vice chair
Rhea-AI Filing Summary
Old Second Bancorp vice chairman Gary S. Collins reported equity compensation changes and related tax withholding. On February 17, 2026, he received a grant of 8,858 restricted stock units, each representing a right to one share of common stock. Half of these RSUs are time-based and vest on the third anniversary of the grant date, while the other half are performance-based and may ultimately vest between 0% and 175% of the original award, depending on compensation committee–approved performance metrics.
On February 21, 2026, the issuer withheld 2,784 shares at $20.57 per share to cover tax obligations upon vesting of 8,246 previously reported time-based RSUs, with the remaining vested shares added to Collins’s common stock holdings. The filing also updates his direct and indirect ownership positions, including shares held outright, in a brokerage account, IRAs, and a 401(k).
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Restricted Stock Units | 2,784 | $20.57 | $57K |
| Grant/Award | Restricted Stock Units | 8,858 | $0.00 | -- |
| holding | Old Second Bancorp, Inc. Common Stock | -- | -- | -- |
| holding | Old Second Bancorp, Inc. Common Stock | -- | -- | -- |
| holding | Old Second Bancorp, Inc. Common Stock | -- | -- | -- |
| holding | Old Second Bancorp, Inc. Common Stock | -- | -- | -- |
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of common stock. The reporting person was granted 8,858 restricted stock units on the date of the grant, 4,429 of which are time-based restricted stock units that vest on the third anniversary of the grant date, and 4,429 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. Represents shares withheld by the issuer to satisfy applicable tax withholding obligations in connection with the vesting of 8,246 previously reported time-based restricted stock units, the remaining shares of which were issued and added to the reporting person's common stock holdings. These shares are held in Mr. Collin's name outright. These shares are held in Mr. Collin's name in a brokerage account. Included in this total are 41,000 shares in a ROTH IRA and 37,256.085 in a traditional IRA.
