Mefford Jeffrey S. - 05 Nov 2023 Form 4 Insider Report for Midland States Bancorp, Inc. (MSBI)

Role
President
Signature
/s/Mefford Jeffrey S
Issuer symbol
MSBI
Transactions as of
05 Nov 2023
Net transactions value
+$388,104
Form type
4
Filing time
06 Nov 2023, 16:10:10 UTC
Previous filing
02 Nov 2023
Next filing
08 Nov 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MSBI Common Stock Tax liability $13,144 -568 -1.9% $23.14 29,249 05 Nov 2023 Direct
transaction MSBI Common Stock Award $301,283 +13,020 +45% $23.14 42,269 06 Nov 2023 Direct F1
transaction MSBI Common Stock Award $99,965 +4,320 +10% $23.14 46,589 06 Nov 2023 Direct 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
holding MSBI Option (right to buy) 10,702 05 Nov 2023 Common Stock 10,702 $23.00 Direct F3
holding MSBI Option (right to buy) 7,885 05 Nov 2023 Common Stock 7,885 $21.00 Direct F4
holding MSBI Option (right to buy) 2,961 05 Nov 2023 Common Stock 2,961 $18.00 Direct F5
holding MSBI Option (right to buy) 5,341 05 Nov 2023 Common Stock 5,341 $28.59 Direct F6
holding MSBI Option (right to buy) 29,133 05 Nov 2023 Common Stock 29,133 $28.43 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 RSA with 4yr - 25% vesting schedule
F2 RSA with 4yr - Cliff vesting schedule
F3 These options vest in four equal annual installments beginning one year after the 11/03/2015 date of grant.
F4 These options vest in four equal annual installments beginning one year after the 12/02/2014 date of grant.
F5 Options vested on 12/31/2017.
F6 These options vest in four equal annual installments beginning one year after the 11/16/2016 date of grant.
F7 These options vest in four equal annual installments beginning one year after the 10/31/2022 date of grant.