Barry S. Ray Under Power - 15 Feb 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
Issuer symbol: MOFG
Transactions as of: 15 Feb 2023
Net transactions value: -$40,540
Form type: 4
Filing time: 17 Feb 2023, 17:50:13 UTC
Previous filing: 16 Jun 2022
Next filing: 20 Feb 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MOFG	Common Stock	Tax liability	$22,546	-728	-6%	$30.97	11,495	15 Feb 2023	Direct	F1, F2
transaction	MOFG	Common Stock	Award	$0	+1,920	+17%	$0.000000	13,414	15 Feb 2023	Direct	F3, F4
transaction	MOFG	Common Stock	Tax liability	$17,994	-581	-4.3%	$30.97	12,833	15 Feb 2023	Direct	F5
transaction	MOFG	Common Stock	Award	$0	+2,325	+18%	$0.000000	15,158	15 Feb 2023	Direct	F6
holding	MOFG	Common Stock						889	15 Feb 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.