Form 4: Midland States Bancorp Director Increases Stake
Insider Transaction Report
Midland States Bancorp Director Jennifer DiMotta reported an increase in her beneficial ownership of common stock and common share equivalents, primarily through dividend reinvestment.
Summary
- Jennifer DiMotta, a Director of Midland States Bancorp, Inc. (MSBI), reported changes in her beneficial ownership.
- She directly owns 6,799 shares of Common Stock.
- She acquired 316.427 Common Share Equivalents on December 31, 2025, at a price of $16.17 per equivalent.
- These Common Share Equivalents were acquired through the reinvestment of dividends received during the quarter on common share equivalents held in the DDCP.
- The Common Share Equivalents received for dividend reinvestments fully vested on the transaction date and become payable upon termination of service as a director.
- She also directly owns 5,338 Restricted Stock Units.
- The total number of derivative securities beneficially owned following this reported transaction is 10,968.0927 Common Share Equivalents.
Sentiment
Score: 7
Explanation: The director's increase in beneficial ownership, particularly through dividend reinvestment, suggests continued confidence in the company's value and dividend policy, which is generally a positive signal for investors.
Positives
- A director increasing their stake in the company, even through dividend reinvestment, can signal confidence in the company's future performance.
- The company is paying dividends, which are being reinvested by the director, indicating a stable dividend policy.
Future Outlook
This Form 4 filing is a historical report of insider transactions and does not contain any forward-looking statements or guidance regarding the company's future performance.
Industry Context
This Form 4 filing reports an individual director's transaction and does not provide broader industry context or trends. It reflects an insider's personal investment activity within the financial services sector.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Administrative Arrangement | Jennifer DiMotta executed a Power of Attorney on August 5, 2025, appointing Nathan D. Sturycz, Stephanie Gurgel, Summer Moorman, and their designees as attorneys-in-fact to prepare and submit SEC Forms 3, 4, 5, and 144 on her behalf, ensuring compliance with Section 16(a) of the Securities Exchange Act of 1934. | 2025-08-05 | This streamlines the process for the director to comply with SEC reporting requirements for insider transactions, enhancing administrative efficiency and compliance adherence. |
Stakeholder Impact
- Shareholders: The director's increased stake, even through dividend reinvestment, may be viewed as a positive signal of management's confidence in the company's prospects and dividend sustainability.
Key Dates
| Date | Description |
|---|---|
| 2025-08-05 | Date Power of Attorney was executed by Jennifer DiMotta. |
| 2025-12-31 | Date of earliest transaction reported, involving the acquisition of Common Share Equivalents through dividend reinvestment. |
| 2026-01-02 | Signature date for the Form 4 filing. |
Keywords
Midland States Bancorp, MSBI, Jennifer DiMotta, Director, Insider Trading, Form 4, Beneficial Ownership, Common Stock, Dividend Reinvestment, Restricted Stock Units, Corporate Governance
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