Finn Barry has made an amendment to a previous SEC filing, correcting details regarding his stock transactions with Old Second Bancorp Inc. This amendment is significant as it ensures accurate reporting of executive compensation and stock ownership, which is crucial for maintaining transparency with shareholders.
According to the recent filing, Barry, who serves as a director at Old Second Bancorp, reported transactions involving restricted stock units and common stock. The filing states that Barry acquired 3,077 shares as a result of the vesting of restricted stock units. The amendment clarifies that no shares were sold or withheld to satisfy taxes, correcting an earlier submission that misreported the transaction.
Background
Finn Barry is associated with Old Second Bancorp Inc, a company classified under the SIC code for state commercial banks. The company is based in Aurora, Illinois, and operates under the ticker symbol OSBC. This recent filing, dated October 20, 2026, is an amendment to a previous Form 4 submitted on February 24, 2026.
What the Filing Says
The filing indicates that Barry's amendment corrects the original Form 4, which inaccurately reported the settlement of restricted stock units. The footnote in the filing states, "Represents the settlement upon vesting of 3,077 restricted stock units into an equal number of shares of common stock. No shares were sold or withheld to satisfy taxes." This correction is essential for accurate shareholder information.
Impact
This amendment may affect investors and shareholders of Old Second Bancorp, as it provides clarity on Barry's stock ownership and compensation. Transparency in such transactions is vital for maintaining investor confidence, particularly in the banking sector where regulatory scrutiny is high.
What's Next
The filing does not say what happens next.