McDaniel Jerry L. - Mar 28, 2024 Form 4 Insider Report for Midland States Bancorp, Inc. (MSBI)

Role: Director
Signature: /s/McDaniel Jerry L
Stock symbol: MSBI
Transactions as of: Mar 28, 2024
Transactions value $: $10,712
Form type: 4
Date filed: 4/1/2024, 05:44 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	+120.73%	$25.13	3.67K	Mar 31, 2024	Direct	F1, F2
holding	MSBI	Common Stock						13K	Mar 28, 2024	Four Diamond Capital LLC	F3
holding	MSBI	Common Stock						2.66K	Mar 28, 2024	By Daughter	F3
holding	MSBI	Common Stock						2.66K	Mar 28, 2024	By Daughter	F3
holding	MSBI	Common Stock						3.36K	Mar 28, 2024	By Son	F3
holding	MSBI	Common Stock						89.3K	Mar 28, 2024	Jerry L McDaniel Revocable Trust
holding	MSBI	Depositary shares						20K	Mar 28, 2024	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	$10.7K	+425	+1.31%	$25.22	32.9K	Mar 28, 2024	Common Stock	425		Direct	F4, F5
transaction	MSBI	Restricted Stock Unit	Options Exercise	-$50.5K	-2.01K	-100%	$25.13	0	Mar 31, 2024	Common Stock	2.01K		Direct	F6
holding	MSBI	Restricted Stock Unit						2.06K	Mar 28, 2024	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 vesting schedule
F2	RSU with RSU_DIR 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. 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.