tiprankstipranks
Old Second Bancorp Revises Executive Compensation Agreement
Company Announcements

Old Second Bancorp Revises Executive Compensation Agreement

Pick the best stocks and maximize your portfolio:

Old Second Bancorp (OSBC) has shared an announcement.

Old Second Bancorp, Inc. has entered into a new employment agreement with Mr. Gary Collins, where he will remain Vice Chairman but transition to focusing on strategic objectives. His initial annual salary is $394,012.30, adjusting to $300,000 from July 1, 2024, with potential merit increases and a 50% target bonus. The agreement includes severance benefits, equity award vesting, and health insurance provisions under certain termination conditions. Mr. Collins has agreed to confidentiality and non-solicitation restrictions, and to forgo double severance benefits in the event of overlapping entitlements from different agreements.

For an in-depth examination of OSBC stock, go to TipRanks’ Stock Analysis page.

Related Articles
TheFlyOld Second Bancorp price target raised to $23 from $22.50 at Piper Sandler
TheFlyOld Second Bancorp reports Q3 adjusted EPS 51c, consensus 47c
TheFlyDA Davidson technology analyst holds an analyst/industry conference call
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App