McDaniel Jerry L. - 29 Dec 2023 Form 4 Insider Report for Midland States Bancorp, Inc. (MSBI)

Role: Director
Signature: /s/Jerry L McDaniel
Issuer symbol: MSBI
Transactions as of: 29 Dec 2023
Transactions value $: $10,235
Form type: 4
Filing time: 03 Jan 2024, 17:08:42 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						13,000	29 Dec 2023	Four Diamond Capital LLC	F1
holding	MSBI	Common Stock						2,660	29 Dec 2023	By Daughter	F1
holding	MSBI	Common Stock						2,660	29 Dec 2023	By Daughter	F1
holding	MSBI	Common Stock						3,360	29 Dec 2023	By Son	F1
holding	MSBI	Common Stock						89,283	29 Dec 2023	Jerry L McDaniel Revocable Trust
holding	MSBI	Common Stock						1,664	29 Dec 2023	Direct	F2, F3
holding	MSBI	Depositary shares						20,000	29 Dec 2023	Jerry L McDaniel Revocable Trust
holding	MSBI	Depositary shares						20,000	29 Dec 2023	James H. McDaniel Revocable Trust

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	$10,234	+439	+1.4%	$23.3	32,495	29 Dec 2023	Common Stock	439		Direct	F4, F5
holding	MSBI	Restricted Stock Unit						2,060	29 Dec 2023	Common Stock	2,060		Direct	F6
holding	MSBI	Restricted Stock Unit						2,009	29 Dec 2023	Common Stock	2,009		Direct	F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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
F2	RSU with vesting schedule
F3	RSU with RSU_DIR vesting schedule
F4	Each common stock equivalent is the economic equivalent of one share of common stock.
F5	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.
F6	Represents restricted stock units acquired by the reports person under the 2019 Long-Term Incentive Plan and deferred under the DDCP on the grant date. Each restricted stock unit is the contingent right to receive one share of Issuer common stock. Restricted stock units will fully vest on March 31, 2020 and vested shares will be delivered to the reporting person based on the terms of the DDCP and the reporting persons distribution elections thereunder.
F7	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 the year following grant and vested shares will be delivered to the reporting person within 30 days of vesting.