Spring Donald J. - Nov 5, 2023 Form 4 Insider Report for Midland States Bancorp, Inc. (MSBI)

Role
Chief Accounting Officer
Signature
/s/Spring Donald J
Stock symbol
MSBI
Transactions as of
Nov 5, 2023
Transactions value $
$52,343
Form type
4
Date filed
11/6/2023, 04:12 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 -$2.73K -118 -0.9% $23.14 13K Nov 5, 2023 Direct
transaction MSBI Common Stock Award $55.1K +2.38K +18.31% $23.14 15.4K Nov 6, 2023 Direct F1
holding MSBI Series A Preferred Depositary Shares 800 Nov 5, 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
holding MSBI Option (right to buy) 2.35K Nov 5, 2023 Common Stock 2.35K $21.00 Direct F2
holding MSBI Option (right to buy) 3.03K Nov 5, 2023 Common Stock 3.03K $23.00 Direct F2
holding MSBI Option (right to buy) 1.4K Nov 5, 2023 Common Stock 1.4K $28.59 Direct F2
holding MSBI Option (right to buy) 5.2K Nov 5, 2023 Common Stock 5.2K $28.43 Direct F3
* 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 These options vest in four equal annual installments beginning one year after the date of grant.
F3 These options vest in four equal annual installments beginning one year after the 10/31/2022 date of grant.