Old Second Bancorp Files 2024 Executive Compensation Details

Ticker: OSBC · Form: DEF 14A · Filed: 2025-04-18T00:00:00.000Z

Sentiment: neutral

Topics: executive-compensation, proxy-statement, rsus

Related Tickers: OSBC

TL;DR

OSBC dropped its 2024 exec pay details - RSUs and fair value adjustments are in the proxy.

AI Summary

Old Second Bancorp, Inc. filed a DEF 14A on April 18, 2025, for the fiscal year ending December 31, 2024. The filing details executive compensation, including restricted stock unit awards for both PEO and Non-PEO members, and adjustments to the fair value of outstanding and unvested awards granted in prior years. Specific dollar amounts for these awards and adjustments are detailed within the compensation tables.

Why It Matters

This filing provides shareholders with crucial information regarding how executive compensation is structured and awarded, impacting corporate governance and investor confidence.

Risk Assessment

Risk Level: low — This is a routine annual filing detailing executive compensation and does not inherently present new risks.

Key Numbers

2024 — Fiscal Year (The period for which executive compensation is detailed.)
2023 — Prior Fiscal Year (Comparative data for executive compensation.)
2022 — Prior Fiscal Year (Comparative data for executive compensation.)

Key Players & Entities

Old Second Bancorp, Inc. (company) — Filer of the DEF 14A
37 S River St, Aurora, IL 60507 (location) — Business and mailing address
20250418 (date) — Filing date of the DEF 14A
20250520 (date) — Conformed period of report
1231 (date) — Fiscal year end

FAQ

What is the primary purpose of a DEF 14A filing?

A DEF 14A filing, also known as a Proxy Statement, is used to solicit shareholder votes on important corporate matters, including the election of directors and executive compensation.

When was this DEF 14A filing submitted by Old Second Bancorp, Inc.?

This DEF 14A filing was submitted on April 18, 2025.

What fiscal year does this filing primarily cover?

This filing primarily covers the fiscal year ending December 31, 2024, with comparative data from prior years.

What specific types of executive compensation are detailed in the filing?

The filing details Restricted Stock Unit Awards (RSUs) and adjustments to the fair value of outstanding and unvested awards granted in prior years for both PEO (Principal Executive Officer) and Non-PEO members.

Where is Old Second Bancorp, Inc. headquartered?

Old Second Bancorp, Inc. is headquartered at 37 S River St, Aurora, IL 60507.

From the Filing

0001558370-25-005000.txt : 20250418 0001558370-25-005000.hdr.sgml : 20250418 20250418120020 ACCESSION NUMBER: 0001558370-25-005000 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 22 CONFORMED PERIOD OF REPORT: 20250520 FILED AS OF DATE: 20250418 DATE AS OF CHANGE: 20250418 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OLD SECOND BANCORP INC CENTRAL INDEX KEY: 0000357173 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] ORGANIZATION NAME: 02 Finance EIN: 363143493 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 000-10537 FILM NUMBER: 25849608 BUSINESS ADDRESS: STREET 1: 37 S RIVER ST CITY: AURORA STATE: IL ZIP: 60507 BUSINESS PHONE: 6308920202 MAIL ADDRESS: STREET 1: 37 SOUTH RIVER STREET CITY: AURORA STATE: IL ZIP: 60507 DEF 14A 1 tmb-20250520xdef14a.htm DEF 14A Old Second Bancorp, Inc. 0000357173 false DEF 14A 0000357173 3 2024-01-01 2024-12-31 0000357173 2 2024-01-01 2024-12-31 0000357173 1 2024-01-01 2024-12-31 0000357173 2023-01-01 2023-12-31 0000357173 2022-01-01 2022-12-31 0000357173 2021-01-01 2021-12-31 0000357173 2020-01-01 2020-12-31 0000357173 osbc:RestrictedStockUnitAwardsValueInCompensationTableForApplicableYearMember ecd:PeoMember 2024-01-01 2024-12-31 0000357173 osbc:RestrictedStockUnitAwardsValueInCompensationTableForApplicableYearMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0000357173 osbc:RestrictedStockUnitAwardsAdjustmentsChangeInFairValueAsOfYearEndOfOutstandingAndUnvestedAwardsGrantedInPriorYearsMember ecd:PeoMember 2024-01-01 2024-12-31 0000357173 osbc:RestrictedStockUnitAwardsAdjustmentsChangeInFairValueAsOfYearEndOfOutstandingAndUnvestedAwardsGrantedInPriorYearsMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0000357173 osbc:RestrictedStockUnitAwardsValueInCompensationTableForApplicableYearMember ecd:PeoMember 2023-01-01 2023-12-31 0000357173 osbc:RestrictedStockUnitAwardsValueInCompensationTableForApplicableYearMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000357173 osbc:RestrictedStockUnitAwardsAdjustmentsChangeInFairValueAsOfYearEndOfOutstandingAndUnvestedAwardsGrantedInPriorYearsMember ecd:PeoMember 2023-01-01 2023-12-31 0000357173 osbc:RestrictedStockUnitAwardsAdjustmentsChangeInFairValueAsOfYearEndOfOutstandingAndUnvestedAwardsGrantedInPriorYearsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000357173 osbc:RestrictedStockUnitAwardsValueInCompensationTableForApplicableYearMember ecd:PeoMember 2022-01-01 2022-12-31 0000357173 osbc:RestrictedStockUnitAwardsValueInCompensationTableForApplicableYearMember ecd:NonPeoNeoMember 2022-01-01 2022-12-31 0000357173 osbc:RestrictedStockUnitAwardsAdjustmentsChangeInFairValueAsOfYearEndOfOutstandingAndUnvestedAwardsGrantedInPriorYearsMember ecd:PeoMember 2022-01-01 2022-12-31 0000357173 osbc:RestrictedStockUnitAwardsAdjustmentsChangeInFairValueAsOfYearEndOfOutstandingAndUnvestedAwardsGrantedInPriorYearsMember ecd:NonPeoNeoMember 2022-01-01 2022-12-31 0000357173 osbc:RestrictedStockUnitAwardsValueInCompensationTableForApplicableYearMember ecd:PeoMember 2021-01-01 2021-12-31 0000357173 osbc:RestrictedStockUnitAwardsValueInCompensationTableForApplicableYearMember ecd:NonPeoNeoMember 2021-01-01 2021-12-31 0000357173 osbc:RestrictedStockUnitAwardsAdjustmentsChangeInFairValueAsOfYearEndOfOutstandingAndUnvestedAwardsGrantedInPriorYearsMember ecd:PeoMember 2021-01-01 2021-12-31 0000357173 osbc:RestrictedStockUnitAwardsAdjustmentsChangeInFairValueAsOfYearEndOfOutstandingAndUnvestedAwardsGrantedInPriorYearsMember ecd:NonPeoNeoMember 2021-01-01 2021-12-31 0000357173 osbc:RestrictedStockUnitAwardsValueInCompensationTableForApplicableYearMember ecd:PeoMember 2020-01-01 2020-12-31 0000357173 osbc:RestrictedStockUnitAwardsValueInCompensationTableForApplicableYearMember ecd:NonPeoNeoMember 2020-01-01 2020-12-31 0000357173 osbc:RestrictedStockUnitAwardsAdjustmentsChangeInFairValueAsOfYearEndOfOutstandingAndUnvestedAwardsGrantedInPriorYearsMember ecd:PeoMember 2020-01-01