Mefford Jeffrey S. - Nov 5, 2023 Form 4 Insider Report for Midland States Bancorp, Inc. (MSBI)

Role
President
Signature
/s/Mefford Jeffrey S
Stock symbol
MSBI
Transactions as of
Nov 5, 2023
Transactions value $
$388,104
Form type
4
Date filed
11/6/2023, 04:10 PM
Previous filing
Nov 2, 2023
Next filing
Nov 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MSBI Common Stock Tax liability -$13.1K -568 -1.9% $23.14 29.2K Nov 5, 2023 Direct
transaction MSBI Common Stock Award $301K +13K +44.51% $23.14 42.3K Nov 6, 2023 Direct F1
transaction MSBI Common Stock Award $100K +4.32K +10.22% $23.14 46.6K Nov 6, 2023 Direct F2

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
holding MSBI Option (right to buy) 10.7K Nov 5, 2023 Common Stock 10.7K $23.00 Direct F3
holding MSBI Option (right to buy) 7.89K Nov 5, 2023 Common Stock 7.89K $21.00 Direct F4
holding MSBI Option (right to buy) 2.96K Nov 5, 2023 Common Stock 2.96K $18.00 Direct F5
holding MSBI Option (right to buy) 5.34K Nov 5, 2023 Common Stock 5.34K $28.59 Direct F6
holding MSBI Option (right to buy) 29.1K Nov 5, 2023 Common Stock 29.1K $28.43 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 RSA with 4yr - 25% vesting schedule
F2 RSA with 4yr - Cliff vesting schedule
F3 These options vest in four equal annual installments beginning one year after the 11/03/2015 date of grant.
F4 These options vest in four equal annual installments beginning one year after the 12/02/2014 date of grant.
F5 Options vested on 12/31/2017.
F6 These options vest in four equal annual installments beginning one year after the 11/16/2016 date of grant.
F7 These options vest in four equal annual installments beginning one year after the 10/31/2022 date of grant.