John Williams Jr. has made an amendment to his recent SEC filing regarding his ownership of restricted stock units in Old Second Bancorp Inc. This amendment is significant as it corrects a previous error in reporting the transaction code associated with the vesting of these units.
The filing, submitted on October 21, 2026, serves to clarify the number of shares that Williams acquired through the vesting of restricted stock units. This adjustment is crucial for maintaining accurate records of executive ownership and ensuring compliance with regulatory standards.
Background
Williams John Jr. is a director at Old Second Bancorp Inc., a company categorized under the SIC description of State Commercial Banks. The company is publicly traded under the ticker symbol OSBC. Recent filings indicate ongoing activity related to stock ownership and compensation disclosures.
What the Filing Says
The amended filing indicates that Williams acquired 3,077 shares of restricted stock units on February 21, 2026, which were settled into common stock. The filing notes, "This amendment corrects the original Form 4, which incorrectly reported the settlement using transaction code F." Following this transaction, Williams now owns a total of 36,830 shares of common stock.
Impact
This amendment may affect investors and stakeholders in Old Second Bancorp, as it provides a clearer picture of executive ownership and compensation practices. Transparency in these matters is essential for maintaining investor confidence and meeting regulatory expectations.
What's Next
The filing does not say what happens next.