Form 4: Director R. Dean Bingham Increases MSBI Holdings

Midland States Bancorp director R. Dean Bingham acquired 448.124 common share equivalents via dividend reinvestment.

Summary

• Director R. Dean Bingham acquired 448.124 common share equivalents on March 31, 2026.
• The acquisition was made through the Directors Deferred Compensation Plan (DDCP) via dividend reinvestment.
• The transaction price was $22.97 per share equivalent.
• Following this transaction, the director holds 22,735.8203 common share equivalents directly.
• The director maintains additional holdings including 27,700 shares of common stock, 4,000 Series A Preferred Depositary Shares, and 42,554 shares held via Agracel, Inc.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing reflecting standard director compensation plan activity.

Positives

• Demonstrates continued alignment of director interests with shareholders through dividend reinvestment.
• The director maintains a significant total equity position in the company.

Negatives

• None identified; this is a routine disclosure of director compensation plan activity.

Risks

• The value of common share equivalents is tied to the market performance of Midland States Bancorp common stock.

Future Outlook

Common share equivalents become payable upon the reporting person's termination of service as a director.

Industry Context

StockSavvy.ai notes that routine director dividend reinvestment filings are standard corporate governance practices and generally do not signal a change in strategic direction or material non-public information.

Comparison to Industry Standards

• The filing follows standard SEC Section 16 reporting requirements for regional banking institutions.
• Dividend reinvestment plans for directors are common practice among mid-cap financial institutions like Midland States Bancorp.

Stakeholder Impact

• Minimal impact on shareholders as this represents a routine internal compensation transaction.

Next Steps

• No future actions required by the reporting person other than ongoing compliance with Section 16 reporting.

Key Dates

Keywords

Midland States Bancorp, MSBI, Insider Trading, Form 4, Director Compensation, Dividend Reinvestment