Form 4: Midland States Bancorp Director Acquires Shares Through Deferred Compensation Plan

Midland States Bancorp director Gerald Joseph Carlson acquired shares and share equivalents through the company's deferred compensation plan.

Summary

• Director Gerald Joseph Carlson acquired 1,000 shares of Midland States Bancorp common stock.
• He also acquired 40.563 common share equivalents through the 2019 Long-term incentive plan and deferred under the DDCP.
• Additionally, 614.754 common share equivalents were acquired through the DDCP based on deferred director fees.
• Another 3,480.534 common share equivalents were acquired through dividend reinvestments within the DDCP.
• These transactions occurred on December 31, 2024.
• The common share equivalents are the economic equivalent of one share of common stock and become payable upon termination of service as a director.

Sentiment

Score: 7

Explanation: The document reflects standard director compensation practices and indicates alignment of interests, which is generally positive. There are no negative implications.

Positives

• The director's participation in the deferred compensation plan demonstrates alignment with the company's long-term performance.
• The reinvestment of dividends shows confidence in the company's future prospects.
• The acquisition of shares and share equivalents increases the director's stake in the company.

Future Outlook

The common share equivalents will become payable upon the director's termination of service.

Industry Context

This type of transaction is common for directors of publicly traded companies, often as part of their compensation and long-term incentive plans.

Comparison to Industry Standards

• Deferred compensation plans are a standard practice for directors in the financial services industry.
• Many companies use similar plans to align director interests with shareholder value.
• The specific terms of the plan, such as vesting and payout upon termination, are typical for these types of arrangements.

Stakeholder Impact

• The transactions increase the director's stake in the company, aligning his interests with those of shareholders.
• The deferred compensation plan is a standard practice and does not have a significant impact on other stakeholders.

Key Dates

Keywords

Midland States Bancorp, Director, Gerald Joseph Carlson, Deferred Compensation Plan, Common Stock, Share Equivalents, Dividend Reinvestment, Incentive Plan, Director Fees