Form 4: Midland States Bancorp CFO Eric Lemke Reports Stock Transactions
SEC Form 4 Filing
Eric Lemke, CFO of Midland States Bancorp, reports the disposition and acquisition of company stock, including shares withheld for tax obligations and the acquisition of restricted stock.
Summary
- On November 6, 2024, Eric Lemke, the Chief Financial Officer of Midland States Bancorp, disposed of 642 shares of common stock at a price of $27.96 per share to cover tax obligations.
- On November 7, 2024, Lemke acquired 7,820 shares of common stock at $27.96 per share.
- Following these transactions, Lemke directly owns 29,159 shares of Midland States Bancorp common stock.
- Lemke also holds options to purchase 19,173 shares of common stock at an exercise price of $28.43, which vest in four equal annual installments beginning October 31, 2023.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the trading activities of company executives. It is standard practice for officers of publicly traded companies to report such transactions.
Stakeholder Impact
- The transactions may provide insights to shareholders regarding management's perspective on the company's stock value.
- The transactions have no immediate impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 10/31/2022 | Date of grant for options, vesting in four equal annual installments beginning one year after this date. |
| 11/06/2024 | Date of disposition of 642 shares of common stock. |
| 11/07/2024 | Date of acquisition of 7,820 shares of common stock. |
| 10/31/2032 | Expiration date of options. |
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