Gary L. Sims - 15 Feb 2024 Form 4 Insider Report for MidWestOne Financial Group, Inc. (MOFG)

Role
SVP & Chief Credit Officer
Signature
Kenneth R. Urmie, Corporate Secretary, for Gary L. Sims under Power of Attorney dated April 21, 2023
Issuer symbol
MOFG
Transactions as of
15 Feb 2024
Net transactions value
-$35,080
Form type
4
Filing time
20 Feb 2024, 18:02:28 UTC
Previous filing
17 Feb 2023
Next filing
30 Sep 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 $14,296 -584 -5.8% $24.48 9,487 15 Feb 2024 Direct F1, F2
transaction MOFG Common Stock Award $0 +2,401 +25% $0.000000 11,888 15 Feb 2024 Direct F3, F4
transaction MOFG Common Stock Tax liability $20,784 -849 -7.1% $24.48 11,039 15 Feb 2024 Direct F5
transaction MOFG Common Stock Award $0 +2,288 +21% $0.000000 13,327 15 Feb 2024 Direct F6
holding MOFG Common Stock 1,405 15 Feb 2024 By 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 132.712 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 1.829 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. common stock.
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 0.302 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 561 shares since the date of the reporting person's previous Form filing due to allocations to his account.