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

Director Deborah Golden reports acquiring common share equivalents in Midland States Bancorp through dividend reinvestment in the DDCP.

Summary

• On October 1, 2024, Deborah A. Golden, a director of Midland States Bancorp, Inc. (MSBI), filed a Form 4 with the SEC.
• The report details the acquisition of 139.733 common share equivalents on September 30, 2024, through dividend reinvestment in the company's DDCP.
• These common share equivalents were acquired at a price of $21.66 each.
• Following the transaction, Golden beneficially owns 14,377 shares of common stock and 10,665.3166 common share equivalents.
• Douglas J. Tucker, acting as attorney-in-fact, signed the report on behalf of Deborah A. Golden.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director's continued investment in the company through dividend reinvestment. It's a routine transaction and doesn't indicate any significant positive or negative development.

Positives

• The acquisition of common share equivalents through dividend reinvestment demonstrates Golden's continued investment in the company.

Industry Context

This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency to investors regarding the actions of company insiders.

Comparison to Industry Standards

• Tracking insider transactions is a standard practice in financial analysis.
• Comparable companies also have directors and officers who regularly file Form 4s to report changes in their beneficial ownership.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It provides transparency to shareholders regarding insider transactions.

Key Dates