Miller Dwight A - Jun 30, 2022 Form 4 Insider Report for Midland States Bancorp, Inc. (MSBI)

Role
Director
Signature
/s/ Miller Dwight A
Stock symbol
MSBI
Transactions as of
Jun 30, 2022
Transactions value $
$58,040
Form type
4
Date filed
7/1/2022, 02:29 PM
Previous filing
Apr 1, 2022
Next filing
Oct 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding MSBI Common Stock 71.1K Jun 30, 2022 Direct

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 Equivalents Award $8.54K +337 +1.32% $25.33 25.9K Jun 30, 2022 Common Stock 337 Direct F1, F2
transaction MSBI Common Share Equivalents Award $9.5K +395 +1.52% $24.04 26.3K Jun 30, 2022 Common Stock 395 Direct F1, F3
transaction MSBI Restricted Stock Unit Award $40K +1.66K +43.4% $24.04 5.5K Jun 30, 2022 Common Stock 1.66K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each common stock equivalent is the economic equivalent of one share of common stock.
F2 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.
F3 Represents common share equivalents acquired by the reporting person under the Issuers Directors Deferred Compensation Plan (DDCP) with respect to director fees deferred by the reporting person during the quarter, based upon the closing price of the underlying shares on the last day of the quarter. Each common share equivalent is the economic equivalent of one share of common stock. Common share equivalents received for deferred director fees 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 30, 2023 and vested shares will be delivered to the reporting person based on the terms of the DDCP and the reporting persons distribution elections thereunder.