Form 4: Midland States Bancorp CFO Reports Stock Transactions
Statement of Changes in Beneficial Ownership
Midland States Bancorp CFO Eric Lemke reported recent dispositions of common stock and details on his outstanding stock options.
Summary
- Eric Lemke, Chief Financial Officer of Midland States Bancorp, Inc. (MSBI), reported changes in his beneficial ownership of company securities.
- On November 6, 2025, Lemke disposed of 641 shares of Common Stock at a price of $15.97 per share.
- On November 7, 2025, Lemke disposed of an additional 573 shares of Common Stock at a price of $16.01 per share.
- Following these transactions, Lemke beneficially owns 42,119 shares of Common Stock directly.
- Lemke also holds an option to buy 19,173 shares of Common Stock at an exercise price of $28.43.
- These options were granted on October 31, 2022, and vest in four equal annual installments beginning one year after the grant date, with an expiration date of October 31, 2032.
- A Power of Attorney was granted by Eric Lemke on August 5, 2025, authorizing Nathan D. Sturycz, Stephanie Gurgel, and Summer Moorman to prepare and submit SEC filings on his behalf.
Sentiment
Score: 5
Explanation: The filing reports routine insider transactions (dispositions likely for tax purposes upon vesting) and a Power of Attorney, which are neutral events and do not indicate a positive or negative sentiment towards the company's performance or outlook.
Future Outlook
The filing does not contain any forward-looking statements or guidance.
Industry Context
This filing is a routine disclosure of insider transactions, common across all publicly traded companies, and does not provide specific industry context or trends.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Eric Lemke, CFO, granted a Power of Attorney to Nathan D. Sturycz, Stephanie Gurgel, and Summer Moorman to prepare and submit Section 16 filings (Forms 3, 4, 5) and Form 144 on his behalf. | 08/05/2025 | This streamlines the process for insider transaction reporting, ensuring timely and compliant filings for the CFO. |
Stakeholder Impact
- Shareholders: The reported transactions are routine insider disclosures and are unlikely to have a significant direct impact on shareholders, as they represent a small portion of the CFO's holdings and are likely tax-related dispositions.
Next Steps
- The remaining stock options held by Eric Lemke will continue to vest in equal annual installments, starting one year after the October 31, 2022 grant date, until fully vested.
Key Dates
| Date | Description |
|---|---|
| 10/31/2022 | Date of grant for stock options to Eric Lemke. |
| 08/05/2025 | Date Eric Lemke executed a Power of Attorney for Section 16 filings. |
| 11/06/2025 | Date of disposition of 641 shares of Common Stock by Eric Lemke. |
| 11/07/2025 | Date of disposition of 573 shares of Common Stock by Eric Lemke. |
| 11/10/2025 | Date the Form 4 was signed and filed. |
| 10/31/2032 | Expiration date for Eric Lemke's stock options. |
Keywords
Midland States Bancorp, MSBI, Eric Lemke, CFO, Insider Trading, Form 4, Stock Options, Common Stock, Beneficial Ownership
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