Form 4: Midland States Bancorp Director Jennifer DiMotta Reports Acquisition of Common Stock Equivalents

Director Jennifer DiMotta reports acquiring common stock equivalents through dividend reinvestment in Midland States Bancorp's DDCP.

Summary

• On March 31, 2025, Jennifer DiMotta, a director of Midland States Bancorp, Inc., reported acquiring 243.583 common share equivalents.
• These equivalents were obtained through the company's Dividend Direct Compensation Plan (DDCP) at a price of $19.33 per equivalent.
• DiMotta also directly owns 4,201 shares of common stock and 5,338 restricted stock units.
• She also owns 10,094.5373 common share equivalents.
• A power of attorney was executed on February 3, 2025, authorizing Nathan D. Sturycz and Stephanie Gurgel to act on DiMotta's behalf for Section 16 filings.

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, which can be seen as a sign of confidence. However, it's a routine transaction.

Positives

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

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's securities, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder sentiment as it reflects insider confidence.

Key Dates

Keywords

Form 4, Midland States Bancorp, Jennifer DiMotta, common stock equivalents, DDCP, dividend reinvestment, Section 16, director