Old Second Bancorp (OSBC) EVP logs routine plan share allocations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
OLD SECOND BANCORP INC EVP Donald Pilmer reported routine plan-related updates to his holdings of Old Second Bancorp, Inc. Common Stock. During the first quarter, 13 shares were allocated to his 401(k) plan and 1 share to an employees profit sharing plan. After these updates, he indirectly holds 4,023 shares via the 401(k) and 183 shares via the profit sharing plan, plus 1,450 shares in his spouse's IRA and 73,054 shares directly in a brokerage account. He also directly holds 39,498 Restricted Stock Units.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Pilmer Donald
Role
EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Old Second Bancorp, Inc. Common Stock | 13 | $0.00 | -- |
| Other | Old Second Bancorp, Inc. Common Stock | 1 | $0.00 | -- |
| 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 — 4,023 shares (Indirect, By 401-K Plan);
Old Second Bancorp, Inc. Common Stock — 73,054 shares (Direct);
Restricted Stock Units — 39,498 shares (Direct)
Footnotes (1)
- Of this total, 13 shares were allocated during the first quarter pursuant to the Old Second Bancorp, Inc. Salary and Savings Plan. Information was provided herein by the Plan Trustee as of 3-31-26. Of this total, 1 share was allocated during the first quarter pursuant to the Old Second Bancorp, Inc. Employees Profit Sharing Plan and Trust. Information herein was provided by the Plan Trustee as of 3-31-26. These shares are held in spouse's IRA for which Mr. Pilmer is listed as a beneficiary. These shares are held in the reporting person's name in a brokerage account.
Key Figures
401(k) plan allocation: 13 shares
Profit sharing plan allocation: 1 share
401(k) holdings after allocation: 4,023 shares
+4 more
7 metrics
401(k) plan allocation
13 shares
Allocated during first quarter under Salary and Savings Plan
Profit sharing plan allocation
1 share
Allocated during first quarter under Employees Profit Sharing Plan and Trust
401(k) holdings after allocation
4,023 shares
Total Old Second Bancorp shares in 401(k) as of 3-31-26
Profit sharing holdings after allocation
183 shares
Total Old Second Bancorp shares in profit sharing plan as of 3-31-26
Spouse IRA holdings
1,450 shares
Old Second Bancorp shares held in spouse's IRA
Direct brokerage holdings
73,054 shares
Old Second Bancorp shares held directly in brokerage account
Restricted Stock Units
39,498 units
RSUs held directly by the reporting person
Key Terms
Restricted Stock Units, Salary and Savings Plan, Employees Profit Sharing Plan and Trust, IRA, +1 more
5 terms
Restricted Stock Units financial
"Security title listed as Restricted Stock Units with 39,498 units held"
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.
Salary and Savings Plan financial
"13 shares were allocated during the first quarter pursuant to the Old Second Bancorp, Inc. Salary and Savings Plan"
Employees Profit Sharing Plan and Trust financial
"1 share was allocated during the first quarter pursuant to the Old Second Bancorp, Inc. Employees Profit Sharing Plan and Trust"
IRA financial
"These shares are held in spouse's IRA for which Mr. Pilmer is listed as a beneficiary"
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
brokerage account financial
"These shares are held in the reporting person's name in a brokerage account"
FAQ
What insider activity did OSBC EVP Donald Pilmer report on this Form 4?
EVP Donald Pilmer reported routine plan-related updates, not open-market trades. 13 shares were allocated to his 401(k) and 1 share to an employees profit sharing plan, reflecting ongoing participation in company benefit plans rather than discretionary buying or selling.
What are Donald Pilmer’s direct holdings of Old Second Bancorp common stock?
Donald Pilmer directly holds 73,054 shares of Old Second Bancorp common stock in a brokerage account. This direct position is separate from his retirement and profit sharing plan interests and indicates his personal ownership stake outside of tax-advantaged plans and spousal accounts.
How many Restricted Stock Units does the OSBC EVP hold after this filing?
After the reported updates, the EVP holds 39,498 Restricted Stock Units. RSUs are a form of equity-based compensation that may convert into common shares over time, subject to vesting conditions and other terms defined under Old Second Bancorp’s compensation programs.
What indirect OSBC holdings are reported through the EVP’s spouse’s IRA?
The filing notes 1,450 Old Second Bancorp shares held in the spouse’s IRA, where Donald Pilmer is listed as a beneficiary. These are classified as indirect holdings and are distinct from his own retirement plans and his directly held brokerage account shares.
Does this OSBC Form 4 show any insider buying or selling in the open market?
The Form 4 does not show open-market purchases or sales. It reports small plan allocations coded as “J” transactions, described as other acquisitions or dispositions, along with updated totals for various direct and indirect holdings, indicating routine administrative adjustments rather than trading activity.
Old Second Bancorp Inc Ill