Smith Jeffrey C. - Mar 31, 2023 Form 4 Insider Report for Midland States Bancorp, Inc. (MSBI)

Role: Director
Signature: /s/ Smith Jeffrey C
Stock symbol: MSBI
Transactions as of: Mar 31, 2023
Transactions value $: $4,965
Form type: 4
Date filed: 4/3/2023, 02:24 PM
Previous filing: Mar 21, 2023
Next filing: Oct 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	MSBI	Common Stock						32.1K	Mar 31, 2023	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 Equivalent	Award	$2.23K	+104	+10.15%	$21.42	1.13K	Mar 31, 2023	Common Stock	104		Direct	F1, F2
transaction	MSBI	Common Share Equivalent	Award	$2.74K	+105	+9.32%	$26.06	1.23K	Mar 31, 2023	Common Stock	105		Direct	F1, F3
holding	MSBI	Restricted Stock Unit						8.11K	Mar 31, 2023	Common Stock	8.11K		Direct	F1

* 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 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.
F3	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, based upon closing price of the underlying shares on the last day of the quarter. 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.