COLLINS GARY S bought OSBC
March 20, 2024 · Form 4 insider transaction
COLLINS GARY S bought 16,492 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 1 day after the transaction.
Footnotes
Each restricted stock grant unit represents a contingent right to receive one share of common stock. The reporting person was granted 16,492 restricted stock units on the date of the grant, 8,246 of which are time-based restricted stock units that vest on the third anniversary of the grant date, and 8,246 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.; This total includes 25,165 shares of time-based restricted stock units and 25,165 shares of performance-based restricted stock units.