OSBC EVP sells 25,000 Old Second Bancorp shares
OLD SECOND BANCORP INC executive Donald Pilmer reported an open-market sale of 25,000 shares of Old Second Bancorp, Inc. common stock at an average price of $20.7518 per share.
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Form Type
4
Rhea-AI Filing Summary
OLD SECOND BANCORP INC executive Donald Pilmer reported an open-market sale of 25,000 shares of Old Second Bancorp, Inc. common stock at an average price of $20.7518 per share. After this sale, he directly holds 48,054 common shares. The filing also shows 39,498 restricted stock units, plus indirect holdings of 1,450 shares in a spouse's IRA, 183 shares in a profit sharing plan, and 4,023 shares in a 401-K plan.
Insider Trade Summary
Net Seller: 25,000 shares
Net Sell
5 txns
Insider
Pilmer Donald
Role
EVP
Sold
25,000 shs ($519K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Old Second Bancorp, Inc. Common Stock | 25,000 | $20.7518 | $519K |
| holding | Old Second Bancorp, Inc. Common Stock | -- | -- | -- |
| 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 — 48,054 shares (Direct);
Old Second Bancorp, Inc. Common Stock — 4,023 shares (Indirect, By 401-K Plan);
Old Second Bancorp, Inc. Common Stock — 183 shares (Indirect, By Profit Sharing Plan);
Old Second Bancorp, Inc. Common Stock — 1,450 shares (Indirect, Spouse's IRA);
Restricted Stock Units — 39,498 shares (Direct)
Footnotes (2)
- F1. Of this total, 23 shares were allocated during the second quarter pursuant to the Old Second Bancorp, Inc. Employee Savings Plan & Trust. Information herein was provided by the Plan Trustee as of 06-30-21.
- F2. These shares are held in spouse's IRA for which Mr. Pilmer is listed as a beneficiary.
Key Figures
Shares sold: 25,000 shares
Sale price: $20.7518 per share
Direct holdings after sale: 48,054 shares
+4 more
7 metrics
Shares sold
25,000 shares
Open-market sale of common stock
Sale price
$20.7518 per share
Average price for 25,000-share sale
Direct holdings after sale
48,054 shares
Common stock directly owned post-transaction
Restricted stock units
39,498 units
RSUs reported as of transaction date
Spouse's IRA holdings
1,450 shares
Indirect ownership via spouse's IRA
Profit sharing plan holdings
183 shares
Indirect ownership via profit sharing plan
401-K plan holdings
4,023 shares
Indirect ownership via 401-K plan
Key Terms
Restricted Stock Units, open-market sale, Spouse's IRA, Profit Sharing Plan, +1 more
5 terms
Restricted Stock Units financial
"security_title: "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.
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Spouse's IRA financial
"nature_of_ownership: "Spouse's IRA""
Profit Sharing Plan financial
"nature_of_ownership: "By Profit Sharing Plan""
401-K Plan financial
"nature_of_ownership: "By 401-K Plan""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did OSBC executive Donald Pilmer report?
Donald Pilmer reported selling 25,000 shares of Old Second Bancorp, Inc. common stock in an open-market transaction at $20.7518 per share. The Form 4 also updates his remaining direct and indirect share and restricted stock unit holdings.
What restricted stock unit holdings does Donald Pilmer have in OSBC?
The filing lists 39,498 restricted stock units for Donald Pilmer as of the reported date. Restricted stock units represent a right to receive shares in the future, typically subject to vesting conditions and continued employment or performance requirements.
What indirect Old Second Bancorp (OSBC) holdings are reported for Donald Pilmer?
Indirect holdings include 1,450 shares in a spouse's IRA, 183 shares held by a profit sharing plan, and 4,023 shares held by a 401-K plan. These positions are reported as indirect ownership, separate from his direct share and restricted stock unit holdings.
What does the Form 4 say about Old Second Bancorp (OSBC) employee plan allocations?
A footnote explains that of a prior total, 23 shares were allocated during a second quarter under the Old Second Bancorp, Inc. Employee Savings Plan & Trust, with information provided by the plan trustee as of June 30, 2021.
AI-generated analysis. How Rhea-AI works. Not financial advice.
