Len D. Devaisher - Feb 15, 2024 Form 4 Insider Report for MidWestOne Financial Group, Inc. (MOFG)

Role
President and COO
Signature
Kenneth R. Urmie, Corporate Secretary, for Len D. Devaisher under Power of Attorney dated April 21, 2023
Stock symbol
MOFG
Transactions as of
Feb 15, 2024
Transactions value $
-$59,707
Form type
4
Date filed
2/20/2024, 05:52 PM
Previous filing
Aug 16, 2023
Next filing
Sep 30, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MOFG Common Stock Tax liability -$20.7K -847 -3.98% $24.48 20.4K Feb 15, 2024 Direct F1, F2
transaction MOFG Common Stock Award $0 +4.5K +22.03% $0.00 24.9K Feb 15, 2024 Direct F3, F4
transaction MOFG Common Stock Tax liability -$39K -1.59K -6.38% $24.48 23.3K Feb 15, 2024 Direct F5
transaction MOFG Common Stock Award $0 +4.09K +17.5% $0.00 27.4K Feb 15, 2024 Direct F6
holding MOFG Common Stock 537 Feb 15, 2024 By ESOP F7
holding MOFG Common Stock 2K Feb 15, 2024 Held in IRA
* 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 112.757 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 1.007 cumulative fractional Dividend Equivalents paid out in cash upon vesting on February 15, 2024. Each whole Dividend Equivalent is the economic equivalent of one share of MidWestOne Financial Group, Inc. stock. Also includes 157.779 shares acquired through dividend reinvestment since the reporting person's last required Form filing.
F3 Shares of common stock acquired upon settlement of performance stock unit award granted to the reporting person on February 15, 2021.
F4 Amount reported was reduced by 0.441 fractional Dividend Equivalent on the performance RSUs, paid out in cash upon vesting on February 15, 2024.
F5 Shares withheld to pay payroll taxes due upon the vesting of the above-referenced performance stock unit award on February 15, 2024.
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, 2025.
F7 Shares allocated to the reporting person's account from within the MidWestOne Financial Group, Inc. Employee Stock Ownership Plan, as of December 31, 2023. Reported shares have increased by 32 shares since the date of the reporting person's previous Form filing due to an allocation to his account.