McDaniel Jerry L. - Jun 30, 2023 Form 4 Insider Report for Midland States Bancorp, Inc. (MSBI)

Role
Director
Signature
/s/McDaniel Jerry L
Stock symbol
MSBI
Transactions as of
Jun 30, 2023
Transactions value $
$9,944
Form type
4
Date filed
7/3/2023, 11:42 AM
Previous filing
Apr 3, 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 1.66K Jun 30, 2023 Direct F1, F2
holding MSBI Depositary shares 20K Jun 30, 2023 James H. McDaniel Revocable Trust
holding MSBI Common Stock 89.3K Jun 30, 2023 Jerry L McDaniel Revocable Trust
holding MSBI Common Stock 13K Jun 30, 2023 Four Diamond Capital LLC F3
holding MSBI Common Stock 2.66K Jun 30, 2023 By Daughter F3
holding MSBI Common Stock 2.66K Jun 30, 2023 By Daughter F3
holding MSBI Common Stock 3.36K Jun 30, 2023 By Son F3
holding MSBI Depositary shares 20K Jun 30, 2023 Jerry L McDaniel Revocable Trust

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 $9.94K +531 +1.71% $18.72 31.6K Jun 30, 2023 Common Stock 531 Direct F4, F5
transaction MSBI Restricted Stock Unit Award $0 +2.01K $0.00 2.01K Jun 30, 2023 Common Stock 2.01K Direct F6
holding MSBI Restricted Stock Unit 2.06K Jun 30, 2023 Common Stock 2.06K Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 RSU with RSU_DIR vesting schedule
F2 RSU with vesting schedule
F3 The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose
F4 Each common stock equivalent is the economic equivalent of one share of common stock.
F5 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.
F6 Represents restricted stock units acquired by the reporting person under the 2019 Long-term incentive plan on the grant date. Each restricted stock unit is the contingent right to receive one share of Issuer common stock. Restricted stock units vest on March 31 the year following grant and vested shares will be delivered to the reporting person within 30 days of vesting.
F7 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 31, 2020 and vested shares will be delivered to the reporting person based on the terms of the DDCP and the reporting persons distribution elections thereunder.