Company: OSBC
Filing Date: 2025-04-01
Form Type: PRE 14A
Source: 0001558370-25-004277
Chunk: 45

Company: OLD SECOND BANCORP INC
Filing Date: 2025-04-01
Form: PRE 14A
Chunk 45
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.Sandy Spring Bancorp Inc.Stellar BancorpUnivest Financial Corp.Veritex Holdings Inc.Westamerica Bancorp. |

Analysis of 2024 Compensation This section describes the decisions made by the Compensation Committee with respect to the compensation for our named executive officers for 2024. Base Salary.We annually review the base salaries of the named executive officers to determine whether or not they will be adjusted, as described above. The salaries for 2024, determined by the Compensation Committee at the beginning of 2024, are set forth in the Summary Compensation Table below. In determining base salary levels, we generally considered the following:

| ● | the compensation philosophy and guiding principles described above; |

| ● | the general economic factors in the financial industry beyond our control and our financial performance compared to our peers; |

| ● | the experience and industry knowledge of our named executive officers and the quality and effectiveness of their leadership; |

| ● | all of the components of executive compensation, including annual cash incentives, equity awards, retirement and death benefits, as well as other benefits and perquisites; and |

| ● | internal pay equity among our executives. |

The following table details the base salary of our named executive officers for the periods presented.

| ​                  | ​ | ​                                                                             | ​ |       ​ | ​ |       ​ | ​ |                     ​ |
| ​                  | ​ | ​                                                                             |   |    2023 |   |    2024 |   |               Percent |
| Name               |   | Position                                                                      |   |      -$ |   |      -$ |   | Increase/Decrease (%) |
| James Eccher       |   | Chairman, President and Chief Executive Officer                               | ​ | 835,000 | ​ | 860,050 | ​ |                   3.0 |
| Bradley Adams      |   | Executive Vice President, Chief Operating Officer and Chief Financial Officer | ​ | 450,000 | ​ | 495,000 | ​ |                  10.0 |
| Gary Collins       |   | Vice Chairman                                                                 | ​ | 394,012 | ​ | 300,000 | ​ |                 -23.9 |
| Donald Pilmer      |   | Executive Vice President, Chief Lending Officer                               | ​ | 362,472 | ​ | 380,595 | ​ |                   5.0 |
| Richard Gartelmann |   | Executive Vice President, Head of Wealth Management                           | ​ | 276,600 | ​ |