Form 4: Midland States Bancorp CFO Eric Lemke Reports Stock Transaction

Eric Lemke, CFO of Midland States Bancorp, reports a transaction involving common stock on November 5, 2024.

Summary

• On November 5, 2024, Eric Lemke, the Chief Financial Officer of Midland States Bancorp, engaged in a transaction involving the company's common stock.
• Lemke disposed of 315 shares of common stock at a price of $24.99.
• Following the transaction, Lemke directly owns 21,981 shares of Midland States Bancorp common stock.
• Lemke also holds options to purchase 19,173 shares of common stock, which vest in four equal annual installments beginning one year after the grant date of October 31, 2022, and are exercisable at a price of $28.43.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of a stock transaction by a company executive. It doesn't inherently indicate positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It's a standard practice for executives to periodically adjust their holdings.

Stakeholder Impact

• The transaction may have a minor impact on shareholders as it reflects an insider's decision to sell a small portion of their holdings.

Key Dates