Form 4: Midland States Bancorp Director Jerry L. McDaniel Reports Transactions in Company Stock

Director Jerry L. McDaniel reports acquisition and disposal of Midland States Bancorp stock, including restricted stock units and common share equivalents.

Summary

• On March 28, 2024, Jerry L. McDaniel acquired 424.753 common share equivalents at a price of $25.22.
• On March 31, 2024, McDaniel disposed of 2,009 restricted stock units at a price of $25.13.
• These transactions involved restricted stock units (RSUs) and common share equivalents acquired through dividend reinvestment and long-term incentive plans.
• McDaniel also holds shares indirectly through various entities, including Four Diamond Capital LLC and the Jerry L McDaniel Revocable Trust.
• The reporting person disclaims beneficial ownership of securities held by Four Diamond Capital LLC, his daughters, and his son, except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard disclosure of stock transactions. No clear positive or negative implications for the company's performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. These transactions can be influenced by personal financial planning and do not necessarily reflect a change in the director's outlook on the company.

Comparison to Industry Standards

• Tracking insider transactions is a standard practice in financial analysis.
• Comparable companies would have similar filings related to their executives' stock transactions.
• The volume and nature of these transactions are typical for directors receiving stock-based compensation.

Stakeholder Impact

• Shareholders may be interested in insider transactions as an indicator of management's confidence in the company.
• The transactions themselves are unlikely to have a significant impact on other stakeholders.

Key Dates