Smith Jeffrey C. - 29 Dec 2023 Form 4 Insider Report for Midland States Bancorp, Inc. (MSBI)

Role
Director
Signature
/s/Jeffrey C Smith
Issuer symbol
MSBI
Transactions as of
29 Dec 2023
Transactions value $
$5,786
Form type
4
Filing time
03 Jan 2024, 17:05:19 UTC
Previous filing
03 Oct 2023
Next filing
01 Apr 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding MSBI Common Stock 32,959 29 Dec 2023 Direct

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 $3,561 +153 +8.7% $23.3 1,906 29 Dec 2023 Common Stock 152 Direct F1, F2
transaction MSBI Common Share Equivalent Award $2,225 +81 +4.2% $27.56 1,986 29 Dec 2023 Common Stock 80 Direct F1, F3
holding MSBI Restricted Stock Unit 10,116 29 Dec 2023 Common Stock 10,116 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each common stock equivalent is the economic equivalent of one share of common stock.
F2 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. 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.
F3 Represents common share equivalents acquired by the reporting person under the Issuers Directors Deferred Compensation Plan (DDCP) with respect to director fees deferred by the reporting person during the quarter, based upon the closing price of the underlying shares on the last day of the quarter. Each common share equivalent is the economic equivalent of one share of common stock. Common share equivalents received for deferred director fees fully vested on the transaction date listed above and become payable upon termination of service as a director.