Company: OSBC
Filing Date: 2025-04-18
Form Type: DEF 14A
Source: 0001558370-25-005000
Chunk: 89

Company: OLD SECOND BANCORP INC
Filing Date: 2025-04-18
Form: DEF 14A
Chunk 89
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 ​ |       2023 | ​ |       2024 | ​ |  3-Yr Avg. |
| A.  Full Value Awards (1)                      | ​ |    279,838 | ​ |    240,148 | ​ |    339,235 | ​ |    286,407 |
| B.  Stock Options Granted                      | ​ |          - | ​ |          - | ​ |          - | ​ |          - |
| C.  Total (A + B)                              | ​ |    279,838 | ​ |    240,148 | ​ |    339,235 | ​ |    286,407 |
| ​                                              | ​ |          ​ | ​ |          ​ | ​ |          ​ | ​ |          ​ |
| D.  Weighted Average Common Shares Outstanding | ​ | 44,526,655 | ​ | 44,663,722 | ​ | 44,828,290 | ​ | 44,672,889 |
| ​                                              | ​ |          ​ | ​ |          ​ | ​ |          ​ | ​ |          ​ |
| E.  Basic Burn Rate (C/D)                      | ​ |      0.63% | ​ |      0.54% | ​ |      0.76% | ​ |      0.64% |
| ​                                              | ​ |          ​ | ​ |          ​ | ​ |          ​ | ​ |          ​ |

| (1) | Includes TRSUs and PRSUs. Our PRSUs have a payout range from 0% of target to 175% of target for maximum performance. PRSUs included in the table assume achievement at the target performance level. |

The PRSUs granted in 2021 could have been earned from 0% to 150% of the number of units originally granted depending on satisfaction of the established performance conditions, and actually vested at 150% of target upon the satisfactory achievement of the selected performance metrics. The PRSUs in 2022 could have been earned from 0% to 175% of the number of units originally granted depending on satisfaction of the established performance conditions, and the 2022 actually vested at 175% of target upon the satisfactory achievement of the selected performance metrics.

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Our board of directors currently anticipates that, assuming the closing of our pending merger with Bancorp Financial, Inc. and absent any other strategic transaction, our burn