Company: OSBC
Filing Date: 2025-04-01
Form Type: PRE 14A
Source: 0001558370-25-004277
Chunk: 50

Company: OLD SECOND BANCORP INC
Filing Date: 2025-04-01
Form: PRE 14A
Chunk 50
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, on a fully tax equivalent basis, and total noninterest income, less net losses on security sales, net losses on mortgage servicing rights, death benefits realized on BOLI, and including a tax equivalent adjustment on the increase in the cash surrender value of BOLI.

| ​                | ​ |          ​ | ​    |
| Adjusted         |   | Percent of |      |
| Efficiency Ratio | ​ |   Assigned | ​    |
| (%)              | ​ | Weight (%) |      |
| < 57.98          |   |         50 | (1)​ |
| < 55.03          |   |         75 | ​    |
| = or < 52.08     |   |        100 | (2)​ |
| < 51.23          |   |        110 | (3)​ |

| (1) | Represents the threshold level of performance necessary to earn any portion of this objective, which will result in 50% of the assigned weight being earned. |

| (2) | Represents the target level of performance for this objective, which will result in 100% of the assigned weight being earned. |

| (3) | Represents the maximum level of performance for this objective, which will result in 110% of the assigned weight being earned. |

For 2024, our Adjusted Efficiency Ratio at year-end was 53.18% and, therefore, Mr. Eccher and Mr. Adams each earned 90.68% of their applicable assigned weight for this performance metric. Department and Individual Performance The Compensation Committee also set performance metrics for Mr. Eccher, Mr. Adams, Mr. Collins, Mr. Pilmer and Mr. Gartelmann related to their respective departments and/or individual performance to promote the leadership and development of our various lines of business. For 2024, Mr. Eccher was evaluated on the executive team’s performance as well as improvements related to employee survey results, and earned 5% of base salary on a target of 5%. Mr. Adams was evaluated on finance, information technology, loan and deposit operations and accounting department strategies and efficiencies, and earned 5% of base salary on a target 5%. Mr. Collins was evaluated on residential lending performance, which was below expectations resulting in no earnings on this performance metric. Mr. Pilmer was evaluated on the growth of our commercial lending performance, commercial deposits and commercial fee income, and earned 12.0% of base salary