The cluster of senior officer sales without a 10b5-1 plan is unusual for a regional bank. Monitor the next 10-Q for credit quality trends (NPLs, charge-offs) and net interest margin compression, which are typical catalysts for insider selling in this sector.
Price Chart
Executive Summary
Two senior insiders at Old Second Bancorp (Vice Chairman and EVP) sold a combined $731K in open-market sales over a four-day window, while a director made a trivial $502 purchase. The sales represent approximately 0.22% of the company's $326M market cap — modest but notable for a cluster of senior officers. No 10b5-1 plan indication is present, and the sales are not part of a regular pattern, suggesting potential caution ahead of upcoming earnings or credit conditions.
Key Financial Metrics
Key Facts
- Vice Chairman Gary S. Collins sold 10,000 shares at $21.24 on May 8, 2026, for $212,400
- EVP Donald Pilmer sold 25,000 shares at $20.75 on May 11, 2026, for $518,795
- Total open-market sales by two senior officers: $731,195
- Director Billy J. Lyons Jr. purchased 24 shares at $20.90 for $502 — de minimis and non-informative
- No 10b5-1 trading plan indicated for either seller
- Sales represent ~0.22% of the company's $326M market cap
Financial Impact
Two senior insiders sold $731K in open-market stock, representing 0.22% of market cap
Risk Factors
- Insider sales may signal deteriorating credit quality or margin pressure ahead of next earnings
- No public 10b5-1 plan reduces the likelihood these were pre-scheduled liquidity trades
- Director's token purchase does not offset the senior officer selling signal
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-OSBC-1792617068905 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 6d ago | 8-K | $24.71 | awaiting T+5 | — | $24.60 (−0.45%) |
Oct 20, 2026 7d ago | 8-K | $25.10 $24.60 | ▼ −1.99% | ▼ −2.07% | $24.60 (−1.99%) |
Oct 19, 2026 8d ago | 8-K | $25.10 $24.60 | ▼ −1.99% | ▼ −2.07% | $24.60 (−1.99%) |
Oct 8, 2026 19d ago | SC 13G | $24.86 $24.85 | ▼ −0.04% | ▲ +0.24% | $24.60 (−1.05%) |
Oct 1, 2026 26d ago | 8-K | $24.63 $24.86 | ▲ +0.93% | ▼ −0.37% | $24.60 (−0.12%) |
Sep 11, 2026 6w ago | Insider Cluster | $25.58 $24.99 | ▲ +2.31% | ▲ +2.09% | $24.60 (+3.83%) |
Sep 8, 2026 7w ago | Insider Cluster | $25.26 $24.98 | ▼ −1.11% | ▼ −0.01% | $24.60 (−2.61%) |
Aug 18, 2026 10w ago | S-3ASR | $25.66 $25.19 | ▼ −1.83% | ▼ −1.63% | $24.60 (−4.13%) |
Jul 21, 2026 14w ago | 8-K | $23.68 $24.72 | ▲ +4.39% | ▲ +5.62% | $24.60 (+3.89%) |
Jul 8, 2026 15w ago | 8-K | $22.71 $23.01 | ▲ +1.32% | ▲ +0.46% | $24.60 (+8.32%) |
US Market Status
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