McDaniel Jerry L. - 31 Dec 2024 Form 4 Insider Report for Midland States Bancorp, Inc. (MSBI)

Role
Director
Signature
/s/ McDaniel Jerry L
Issuer symbol
MSBI
Transactions as of
31 Dec 2024
Net transactions value
+$11,145
Form type
4
Filing time
02 Jan 2025, 17:03:33 UTC
Previous filing
02 Oct 2024
Next filing
01 Apr 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding MSBI Common Stock 13,000 31 Dec 2024 Four Diamond Capital LLC F1
holding MSBI Common Stock 2,660 31 Dec 2024 By Daughter F1
holding MSBI Common Stock 2,660 31 Dec 2024 By Daughter F1
holding MSBI Common Stock 3,360 31 Dec 2024 By Son F1
holding MSBI Common Stock 89,283 31 Dec 2024 Jerry L McDaniel Revocable Trust
holding MSBI Common Stock 5,660 31 Dec 2024 Direct
holding MSBI Depositary shares 20,000 31 Dec 2024 Jerry L 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 $11,145 +424 +1.3% $26.29 34,313 31 Dec 2024 Common Stock 424 Direct F2, F3
holding MSBI Restricted Stock Unit 2,060 31 Dec 2024 Common Stock 2,060 Direct F4
* 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 Each common stock equivalent is the economic equivalent of one share of common stock.
F3 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.
F4 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.