Ramos Richard T - Mar 28, 2024 Form 4 Insider Report for Midland States Bancorp, Inc. (MSBI)

Role: Director
Signature: /s/Ramos Richard T
Stock symbol: MSBI
Transactions as of: Mar 28, 2024
Transactions value $: $13,888
Form type: 4
Date filed: 4/1/2024, 05:40 PM
Previous filing: Jan 3, 2024
Next filing: Jul 2, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MSBI	Common Stock	Options Exercise	$50.5K	+2.01K	+14.87%	$25.13	15.5K	Mar 31, 2024	Direct	F1
holding	MSBI	Common Stock						500	Mar 28, 2024	By Daughter	F2
holding	MSBI	Common Stock						500	Mar 28, 2024	By Son	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
transaction	MSBI	Common Share Equivalent	Award	$13.9K	+551	+1.38%	$25.22	40.4K	Mar 28, 2024	Common Stock	551		Direct	F3, F4
transaction	MSBI	Restricted Stock Unit	Options Exercise	-$50.5K	-2.01K	-100%	$25.13	0	Mar 31, 2024	Common Stock	2.01K		Direct	F5
holding	MSBI	Restricted Stock Unit						4.99K	Mar 28, 2024	Common Stock	4.99K		Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Jointly owned with spouse.
F2	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
F3	Each common stock equivalent is the economic equivalent of one share of common stock.
F4	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. 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.
F5	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.