Gartelmann Richard A JR bought OSBC
February 19, 2025 · Form 4 insider transaction
Gartelmann Richard A JR bought 5,508 shares of Old Second Bancorp, Inc. at $0.00 per share, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 2 days after the transaction.
Footnotes
Each restricted stock unit represents a contingent right to receive one share of common stock. The reporting person was granted 5,508 restricted stock units on the date of the grant, 2,754 of which are time-based restricted stock units that vest on the third anniversary of the grant date, and 2,754 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.; Of this total, 8,914 shares are performance-based restricted stock units and 8,914 are time-based restricted stock units.