Form 4: Midland States Bancorp Director Deborah Golden Reports Acquisition of Common Share Equivalents

Director Deborah Golden reports acquiring common share equivalents through dividend reinvestment and director fee deferral under Midland States Bancorp's compensation plans.

Summary

• On March 28, 2024, Deborah A. Golden, a director of Midland States Bancorp, Inc. (MSBI), reported acquiring common share equivalents.
• These acquisitions were made through the company's Directors Deferred Compensation Plan (DDCP).
• Golden acquired 250.584 common share equivalents at a price of $25.22, representing reinvested dividends.
• Additionally, she acquired 447.672 common share equivalents at $25.13, reflecting deferred director fees.
• Following these transactions, Golden directly owns 15,685.7916 common share equivalents.
• She also directly owns 6,160 restricted stock units and 2,171 shares of common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The director's participation in the compensation plan signals confidence, but it's a routine transaction.

Positives

• The director's participation in the DDCP demonstrates confidence in the company's future.

Industry Context

Directors' participation in deferred compensation plans is a common practice in the banking industry, aligning their interests with those of shareholders.

Comparison to Industry Standards

• Director compensation structures, including deferred compensation plans, are common across publicly traded banks such as First Financial Bancorp and Old National Bancorp.
• The specific terms of these plans, such as vesting schedules and investment options, can vary.

Related Party Transactions

• The acquisition of common share equivalents through the Directors Deferred Compensation Plan (DDCP) constitutes a related party transaction.

Stakeholder Impact

• The director's participation in the DDCP aligns her interests with those of shareholders.

Key Dates