Form 4: Director McDonnell Acquires MSBI Stock and Units

Director Jeffrey M. McDonnell reported the acquisition of Midland States Bancorp, Inc. common stock and common stock equivalents on June 30, 2026.

Summary

• Jeffrey M. McDonnell, a Director of Midland States Bancorp, Inc. (MSBI), has filed a Form 4 detailing transactions on June 30, 2026.
• McDonnell acquired 1,445 shares of common stock at a price of $31.14 per share.
• Additionally, he acquired 340.285 common stock equivalents, which are economically equivalent to shares of common stock, at a price of $26.55 per share.
• These common stock equivalents were acquired through the reinvestment of dividends on existing holdings within the Dividend Distribution and Cash Purchase (DDCP) plan.
• Following these transactions, McDonnell beneficially owns 24,245 shares of common stock, with 3,432 held directly and the remainder indirectly through the Jeffrey M. McDonnell Revocable Trust UA.
• He also holds 19,118.1408 common share equivalents directly and 9,455.125 common stock equivalents directly, which vest upon termination of his service as a director.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, as it details routine insider transactions and director compensation awards rather than significant strategic shifts or performance indicators.

Positives

• Director McDonnell has increased his direct holdings in Midland States Bancorp, Inc. through the purchase of common stock.
• The acquisition of common stock equivalents through dividend reinvestment indicates continued participation in the company's equity growth plan.
• The annual director stock award, which vested immediately, suggests a commitment from the board to align director interests with shareholder value.

Negatives

• The filing does not contain any negative financial results or operational setbacks.

Risks

• The filing does not explicitly mention any current issues or potential future challenges.

Future Outlook

The filing does not contain forward-looking statements or guidance.

Management Comments

• The reporting person disclaims beneficial ownership of certain securities except to the extent of his pecuniary interest therein, and the inclusion of these shares shall not be deemed an admission of beneficial ownership for purposes of Section 16 or any other purpose.
• Common stock equivalents received for dividend reinvestments fully vested on the transaction date and become payable upon termination of service as a director.

Industry Context

StockSavvy.ai notes that insider stock purchases, especially by directors, can signal confidence in the company's future prospects within the regional banking sector.

Corporate Governance

Stakeholder Impact

• Shareholders may view director stock purchases positively, as it aligns management's interests with their own.
• Employees involved in dividend reinvestment plans benefit from the automatic reinvestment of earnings into company stock.

Next Steps

• Common stock equivalents become payable upon termination of service as a director.

Key Dates

Keywords

SEC Form 4, Insider Trading, Stock Acquisition, Director Compensation, Midland States Bancorp, MSBI, Beneficial Ownership, Common Stock, Restricted Stock Unit, Dividend Reinvestment