Form 4: Midland States Bancorp Director Jennifer DiMotta Increases Stake Through Stock Award and Dividend Reinvestment

Midland States Bancorp, Inc. Director Jennifer DiMotta acquired additional common stock and common share equivalents through an annual stock award and dividend reinvestment, increasing her beneficial ownership.

Summary

• Director Jennifer DiMotta acquired 2,598 shares of Midland States Bancorp, Inc. common stock at a price of $17.32 per share on June 30, 2025.
• This acquisition was an Annual Director Stock Award with an immediate vesting schedule.
• Following this transaction, Jennifer DiMotta directly beneficially owns 6,799 shares of common stock.
• Additionally, Jennifer DiMotta acquired 267.563 common share equivalents on June 30, 2025, through the reinvestment of dividends received on existing common share equivalents held in the Director Deferred Compensation Plan (DDCP).
• The common share equivalents are the economic equivalent of one share of common stock, with the underlying stock valued at $17.88 for the dividend reinvestment.
• These common share equivalents vested immediately and become payable upon termination of service as a director.
• After this transaction, Jennifer DiMotta directly beneficially owns 10,362.1003 common share equivalents.

Sentiment

Score: 7

Explanation: The acquisition of shares by a director, particularly through an annual award and dividend reinvestment, is generally a positive signal of confidence in the company's prospects and aligns management interests with shareholders. While not a major strategic announcement, it reflects internal belief in value.

Positives

• Director Jennifer DiMotta increased her beneficial ownership in Midland States Bancorp, Inc., which can signal confidence in the company's future prospects.
• The acquisition of 2,598 shares was part of an Annual Director Stock Award, aligning director incentives with shareholder interests.
• Dividend reinvestment into common share equivalents demonstrates a commitment to long-term holding and growth within the company's deferred compensation plan.

Future Outlook

The document does not provide specific forward-looking statements or guidance regarding the company's future performance, focusing solely on a director's beneficial ownership changes.

Industry Context

This filing is a routine disclosure of insider trading activity, specifically a director's acquisition of company stock. In the banking sector, such transactions are common for director compensation and can be viewed as a sign of confidence in the institution's stability and future performance, particularly when shares are acquired rather than sold.

Corporate Governance

Related Party Transactions

• The acquisition of common stock as an Annual Director Stock Award is a transaction between the company and a director, which is a related party.
• The acquisition of common share equivalents through dividend reinvestment in the Director Deferred Compensation Plan is also a related party transaction.

Stakeholder Impact

• Shareholders: The increase in director ownership may be perceived positively, signaling management's confidence and aligning their interests with shareholders.

Key Dates

Recommendation

Keywords

Midland States Bancorp, MSBI, Jennifer DiMotta, Director Stock Award, Dividend Reinvestment, Insider Buying, SEC Form 4, Beneficial Ownership, Corporate Governance, Financial Services, Banking