Form 4: Midland States Bancorp CEO Jeffrey Ludwig Reports Share Transactions

Jeffrey G. Ludwig, President & CEO of Midland States Bancorp, Inc., reports acquisition and disposal of company stock, as well as holdings of derivative securities.

Summary

• On November 6, 2024, Jeffrey G. Ludwig disposed of 1,712 shares of Common Stock at a price of $27.96.
• On November 7, 2024, Ludwig acquired 20,110 shares of Common Stock at a price of $27.96.
• Following these transactions, Ludwig directly owns 339,524.432 shares of Common Stock.
• Ludwig also indirectly owns 11,569 shares through JQ Properties, but disclaims beneficial ownership except to the extent of his pecuniary interest.
• Ludwig holds options to buy shares at various prices and vesting schedules, including 11,790 options at $18.16, 16,800 options at $23, 8,383 options at $28.59, and 52,291 options at $28.43.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an insider. It doesn't inherently convey positive or negative sentiment about the company's prospects.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors monitor these filings for insights into management's perspective on the company's stock.

Comparison to Industry Standards

• Insider transactions are a normal part of corporate governance and are regularly disclosed by executives at publicly traded companies like Midland States Bancorp.
• Comparable companies such as First Midwest Bancorp (now part of Old National Bancorp) and Wintrust Financial Corporation also have similar insider transaction reporting requirements.
• The frequency and nature of these transactions (acquisitions vs. disposals) are often compared to industry peers to gauge sentiment.

Stakeholder Impact

• The transactions may influence investor perception of the company's stock.
• The filing ensures transparency for shareholders regarding insider activity.

Key Dates