Form 4: Director McDaniel Acquires Midland States Bancorp Stock
Statement of Changes in Beneficial Ownership
Jerry L. McDaniel, a Director at Midland States Bancorp, Inc., reported the acquisition of common stock and common share equivalents on June 30, 2026.
Summary
- Director Jerry L. McDaniel acquired 1,445 shares of common stock on June 30, 2026, at a price of $31.14 per share.
- He also acquired 477.208 common stock equivalents through a dividend reinvestment plan.
- Following these transactions, McDaniel beneficially owns 9,703 shares of common stock directly.
- Indirectly, he beneficially owns 2,060 Restricted Stock Units (RSUs) and 38,009.9223 common share equivalents.
- The filing also includes a Power of Attorney granted by Jerry L. McDaniel to Nathan D. Sturycz and others for Section 16 filings.
Sentiment
Score: 6
Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, as it represents an insider increasing their stake, which can be interpreted as confidence, but it is a routine disclosure.
Positives
- Director acquisition of company stock can signal confidence in the company's future prospects.
- The acquisition of common stock and equivalents indicates continued investment by a key insider.
Future Outlook
The filing does not contain forward-looking statements or guidance. It reports on past transactions.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions. The acquisition of stock by a director is a common event and typically viewed positively by the market, suggesting insider confidence.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Jerry L. McDaniel granted a Power of Attorney to Nathan D. Sturycz and others to execute Section 16 filings on his behalf. | August 5, 2025 | Facilitates timely and accurate filing of required SEC disclosures by authorized representatives. |
Stakeholder Impact
- Shareholders: The acquisition by a director may be viewed positively, indicating insider confidence in the company's value.
Key Dates
| Date | Description |
|---|---|
| 06/30/2026 | Transaction Date for acquisition of common stock and common share equivalents. |
| 07/01/2026 | Date of signature for the Form 4 filing. |
| 08/05/2025 | Date of execution for the Power of Attorney document. |
| 03/31/2020 | Vesting date for Restricted Stock Units acquired under the 2019 Long-Term Incentive Plan. |
Keywords
SEC Form 4, Insider Trading, Beneficial Ownership, Midland States Bancorp, MSBI, Director, Common Stock, Restricted Stock Units, Stock Acquisition, Power of Attorney
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