Billy J. Lyons Jr. has made an important update to his previous SEC filing concerning the vesting of restricted stock units. The amendment clarifies the details surrounding the settlement of these units, correcting an error from the original submission. This filing is significant as it reflects Lyons' ongoing engagement with Old Second Bancorp, Inc., which operates within the state commercial banking sector.
According to the recent SEC filing, dated October 20, 2026, Lyons reported the settlement of 3,077 restricted stock units into an equal number of shares of common stock. The filing specifies that no shares were sold or withheld to cover taxes. The amendment corrects the original Form 4, which inaccurately reported the settlement using transaction code F.
Old Second Bancorp, Inc. is a notable entity in the banking industry, classified under the SIC code for state commercial banks. The company is based in Aurora, Illinois, and has been actively involved in providing banking services to its community.
In the amended filing, Lyons, who serves as a director of Old Second Bancorp, now holds a total of 20,073 shares following the transaction. This update may have implications for how stakeholders perceive executive compensation and stock ownership within the banking sector.
The filing does not specify what actions will follow this amendment, leaving stakeholders to await further updates from Lyons or Old Second Bancorp.