Ramos Richard T - 30 Sep 2022 Form 4 Insider Report for Midland States Bancorp, Inc. (MSBI)

Role
Director
Signature
/s/ Ramos Richard T
Issuer symbol
MSBI
Transactions as of
30 Sep 2022
Net transactions value
+$12,070
Form type
4
Filing time
03 Oct 2022, 13:48:29 UTC
Previous filing
01 Jul 2022
Next filing
04 Jan 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding MSBI Common Stock 11,845 30 Sep 2022 Direct F1
holding MSBI Common Stock 500 30 Sep 2022 By Daughter F2
holding MSBI Common Stock 500 30 Sep 2022 By Son F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MSBI Common Share Equivalent Award $12,070 +430 +1.2% $28.06 37,060 30 Sep 2022 Common Stock 430 Direct F3, F4
holding MSBI Restricted Stock Unit 4,990 30 Sep 2022 Common Stock 4,990 Direct F3
holding MSBI Restricted Stock Unit 1,664 30 Sep 2022 Common Stock 1,664 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Jointly owned with spouse.
F2 The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose
F3 Each common stock equivalent is the economic equivalent of one share of common stock.
F4 Represents common share equivalents acquired by the reporting person in the DDCP pursuant to the reinvestment of dividends received during the quarter on common share equivalents held in the DDCP by the reporting person at the time such dividend was paid on the underlying shares, based upon closing price of the underlying shares on the last day of the quarter. Common share equivalents received for dividend reinvestments fully vested on the transaction date listed above and become payable upon termination of service as a director.
F5 Represents restricted stock units acquired by the reporting person under the 2019 Long-Term Incentive Plan on the grant date. Each restricted stock unit is the contingent right to receive one share of Issuer common stock. Restricted stock units vest on March 31, 2023 and vested shares will be delivered to the reporting person within 30 days of vesting.