Company: OSBC
Filing Date: 2025-04-01
Form Type: PRE 14A
Source: 0001558370-25-004277
Chunk: 75

Company: OLD SECOND BANCORP INC
Filing Date: 2025-04-01
Form: PRE 14A
Chunk 75
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 With respect to all PRSUs, the number of shares that vest for each named executive officer, and thus the value reflected in the table, is based on the target (100%) performance level. |

Pay Ratio As required by Section 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(u) of Regulation S-K, we are providing the following information about the relationship of the annual total compensation of our employees and the annual total compensation of our Chairman, President, and Chief Executive Officer, James Eccher. For 2024, our last completed fiscal year:

| ● | the median of the annual total compensation of all employees of our company (other than Mr. Eccher) was $64,326; and |

| ● | the annual compensation of our Chief Executive Officer from the Summary Compensation Table was $2,693,418, calculated consistent with the Summary Compensation Table executive compensation disclose requirements, plus the value of employer-paid health insurance contributions of $22,900, totaling $2,716,318 in total annual compensation. |

Based on this information, for 2024 the ratio of the annual total compensation of Mr. Eccher, our Chief Executive Officer and President, to the median of the annual total compensation of all employees was 42 to 1. To identify the median of the annual total compensation of all our employees, as well as to determine the annual total compensation of our median employee and our Chief Executive Officer, we took the following steps:

| 3. | We identified our median employee using this compensation measure, which was consistently applied to all of our employees included in the calculation. |

| 4. | Since all of our employees are located in the United States, as is our Chief Executive Officer, we did not make any cost-of-living adjustments in identifying our “median employee.” |

| 5. | Once we identified our median employee, we combined all of the elements of such employee’s compensation for 2024 in accordance with the requirements of Item 402(c)(2)(x) of Regulation S-K, resulting in annual total compensation of $64,326. The difference between such employee’s wages and the employee’s total compensation represents the estimated value of such employee’s life insurance, health care benefits, and company 401(k) contribution (estimated for the employee and such employee’s eligible dependents at $9,069.) |

| 6. | With respect to the annual total compensation of our Chief Executive Officer, we used the amount reported in