Form 4: Midland States Bancorp Director Buys 5,000 Shares

Midland States Bancorp Director Richard Dean Bingham acquired 5,000 shares of common stock at $17.56 per share, increasing his direct holdings.

Summary

• Director Richard Dean Bingham purchased 5,000 shares of Midland States Bancorp, Inc. common stock.
• The transaction occurred on December 3, 2025, at a price of $17.56 per share.
• Following this transaction, Bingham directly owns 27,700 shares of common stock.
• Indirect holdings include 1,000 shares in an IRA and 42,554 shares through Agracel, Inc.
• Bingham also acquired 609.783 common share equivalents on December 31, 2025, at $16.17 each, through dividend reinvestment in the Directors Deferred Compensation Plan (DDCP).
• Total common share equivalents in the DDCP are 21,543.7193.
• He also holds 9,879.106 Restricted Stock Units.

Sentiment

Score: 7

Explanation: The director's open market purchase of a significant number of shares, coupled with dividend reinvestment, suggests strong internal confidence in the company's value and future prospects, which is a positive signal for investors.

Positives

• A director's purchase of 5,000 shares of common stock indicates confidence in the company's future prospects.
• The acquisition of additional common share equivalents through dividend reinvestment demonstrates a long-term commitment and belief in the stock's value.

Future Outlook

The filing does not contain specific forward-looking statements or guidance beyond the details of the director's transactions and holdings.

Industry Context

Insider buying, particularly by a director, can signal internal confidence in the company's performance and future outlook within the financial services sector. This transaction reflects an individual director's investment decision rather than a broader industry trend.

Corporate Governance

Stakeholder Impact

• Shareholders may view the director's purchase as a positive signal, potentially increasing confidence in the stock.
• The Power of Attorney streamlines compliance for the director, ensuring regulatory adherence.

Key Dates

Recommendation

The director's decision to purchase a substantial block of shares at the stated price, alongside continued dividend reinvestment, signals strong conviction in Midland States Bancorp's intrinsic value and future growth trajectory. Such insider buying often precedes positive company developments or reflects a belief that the stock is undervalued, making it a compelling 'buy' signal for seasoned investors.

Keywords

Midland States Bancorp, MSBI, Insider Trading, Director Stock Purchase, Common Stock, SEC Form 4, Richard Dean Bingham, Equity Acquisition, Financial Services