Company: OSBC
Filing Date: 2025-04-18
Form Type: DEF 14A
Source: 0001558370-25-005000
Chunk: 52

Company: OLD SECOND BANCORP INC
Filing Date: 2025-04-18
Form: DEF 14A
Chunk 52
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 three-year cliff vesting, with accelerated vesting in certain circumstances as described in the “Potential Payments upon Termination or Change in Control” section below. 2024 PRSU Awards.In 2024, the Compensation Committee also approved an award of performance-based restricted stock units, or PRSUs, to our named executive officers, as shown in the following table.

| ​                  | ​ |         ​ |
| Name               | ​ | PRSUs (#) |
| James Eccher       | ​ |    38,544 |
| Bradley Adams      | ​ |    16,618 |
| Gary Collins       | ​ |     8,246 |
| Donald Pilmer      | ​ |     8,032 |
| Richard Gartelmann | ​ |     3,575 |

The performance period for these awards began on January 1, 2024 and ends on December 31, 2026. The PRSUs will vest contingent upon the satisfactory achievement of the selected performance metrics, each measured relative to a peer group of 111 banks. The performance metrics selected by the Compensation Committee for the above-referenced awards are:

| ● | Relative return on average tangible common equity; and |

| ● | Growth in relative book value per share. |

The number of PRSUs that ultimately vest and convert to shares may range from 0% to 175% of the underlying PRSUs originally awarded, depending on our performance relative to these performance metrics. Results of 2022 PRSU Awards . The final performance period for our 2022 PRSUs ended on December 31, 2024. While each performance metric was measured annually, the awards were also subject to a service requirement through the date we issued our 2024 audited financial statements. The PRSUs had a payout range from 0% of target for below threshold performance, 25% of target for threshold performance, 100% of target for target performance and 175% of target for maximum performance. The performance metrics, weight and relative goals are disclosed in the below table, along with the percent of target achieved, as measured over the three-year period.

| ​                                                 | ​ |          ​ | ​ | ​                             | ​ |               ​ | ​ | ​                             | ​ |               ​ | ​ | ​                             | ​ |               ​ | ​ |                   ​ |
| ​                                                 | ​ |          ​ | ​ | Threshold                     |   |                 | ​ | Target                        |   |