Barry S. Ray - Feb 15, 2023 Form 4 Insider Report for MidWestOne Financial Group, Inc. (MOFG)

Role
Senior EVP & CFO
Signature
Kenneth R. Urmie, Corporate Secretary, for Barry S. Ray under Power of Attorney dated January 20, 2021
Stock symbol
MOFG
Transactions as of
Feb 15, 2023
Transactions value $
-$40,540
Form type
4
Date filed
2/17/2023, 05:50 PM
Previous filing
Jun 16, 2022
Next filing
Feb 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MOFG Common Stock Tax liability -$22.5K -728 -5.96% $30.97 11.5K Feb 15, 2023 Direct F1, F2
transaction MOFG Common Stock Award $0 +1.92K +16.7% $0.00 13.4K Feb 15, 2023 Direct F3, F4
transaction MOFG Common Stock Tax liability -$18K -581 -4.33% $30.97 12.8K Feb 15, 2023 Direct F5
transaction MOFG Common Stock Award $0 +2.32K +18.12% $0.00 15.2K Feb 15, 2023 Direct F6
holding MOFG Common Stock 889 Feb 15, 2023 ESOP F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld to pay payroll taxes due upon the vesting of time-based restricted stock units from prior years' awards.
F2 Includes 61.191 Dividend Equivalents credited to unvested time-based RSUs in lieu of a cash dividend payment since the reporting person's last required Form filing, less 1.044 cumulative fractional Dividend Equivalents paid out in cash upon vesting on February 15, 2023. Each whole Dividend Equivalent is the economic equivalent of one share of MidWestOne Financial Group, Inc. stock.
F3 Shares of common stock acquired upon settlement of performance stock unit award granted to the reporting person on February 15, 2020.
F4 Amount reported was reduced by 0.631 fractional Dividend Equivalent on the performance RSUs, paid out in cash upon vesting on February 15, 2023.
F5 Shares withheld to pay payroll taxes due upon the vesting of the above-referenced performance stock unit award on February 15, 2023.
F6 Represents restricted stock units acquired pursuant to a grant of time-based restricted stock units which vest in three approximately equal annual installments beginning February 15, 2024.
F7 Shares allocated to the reporting person's account from within the MidWestOne Financial Group, Inc. Employee Stock Ownership Plan, as of February 15, 2023. Reported shares have increased by 20 shares since the date of the reporting person's previous Form filing due to allocations to his account.