Smith Jeffrey C. - Jun 10, 2022 Form 4 Insider Report for Midland States Bancorp, Inc. (MSBI)

Role
Director
Signature
/s/Smith Jeffrey C
Stock symbol
MSBI
Transactions as of
Jun 10, 2022
Transactions value $
$26,180
Form type
4
Date filed
7/3/2023, 11:59 AM
Previous filing
Apr 1, 2022
Next filing
Jul 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MSBI Common Stock Purchase $21.2K +853 +2.66% $24.80 33K Jun 10, 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 Restricted Stock Unit Award $0 +2.01K +24.78% $0.00 10.1K Jun 30, 2023 Common Stock 2.01K Direct F1, F2
transaction MSBI Common Share Equivalent Award $2.8K +150 +12.14% $18.72 1.38K Jun 30, 2023 Common Stock 150 Direct F1, F3
transaction MSBI Common Share Equivalent Award $2.23K +112 +8.09% $19.91 1.49K Jun 30, 2023 Common Stock 112 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 restricted stock units acquired by the reporting 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 vest on March 31 the year following grant and vested shares will be delivered to the reporting person based upon the terms of the DDCP and the reporting persons distribution elections thereunder.
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.
F4 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.