MSBI.NASDAQMidland States Bancorp, INC

Form 4: Midland States Bancorp CEO Jeffrey Ludwig Reports Stock Transaction

Sentiment:

SEC Form 4 Filing

📋All filings for Midland States Bancorp, INC
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Jeffrey Ludwig, President & CEO of Midland States Bancorp, reports disposition of shares to cover tax obligations related to vested restricted stock.

Summary

  • On November 5, 2024, Jeffrey G. Ludwig, President & CEO of Midland States Bancorp, Inc. [MSBI], reported a transaction involving common stock.
  • Ludwig disposed of 960 shares of common stock at a price of $24.99 per share to satisfy tax obligations.
  • Following the transaction, Ludwig directly owns 341,236.432 shares of Midland States Bancorp, Inc.
  • Ludwig also indirectly owns 11,569 shares through JQ Properties.
  • Ludwig also holds options to purchase shares of common stock at various exercise prices and expiration dates.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports a routine transaction.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. They are closely watched by investors for signals about management's confidence in the company's prospects.

Stakeholder Impact

  • The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

DateDescription
02/02/2016Date of Power of Attorney execution.
12/06/2020Options vest in four equal annual installments beginning one year after this date.
10/31/2022Options vest in four equal annual installments beginning one year after this date.
11/03/2025Options vest in four equal annual installments beginning one year after 11/03/2015.
11/16/2026Options vest in four equal annual installments beginning one year after 11/16/2016.
10/31/2032Options vest in four equal annual installments beginning one year after 10/31/2022.
11/05/2024Date of stock transaction.
11/06/2024Date of report filing.

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