Form 4: Midland States Bancorp Director McDonnell Acquires Shares

Director Jeffrey M. McDonnell of Midland States Bancorp, Inc. reports the acquisition of 2,290 shares of common stock at $21.80 per share on June 13, 2024.

Summary

• On June 13, 2024, Jeffrey M. McDonnell, a director of Midland States Bancorp, Inc., acquired 2,290 shares of common stock.
• The shares were purchased at a price of $21.80 per share.
• Following the transaction, McDonnell beneficially owns 24,245 shares indirectly through the Jeffrey M. McDonnell Revocable Trust UA.
• McDonnell also holds 13,980.2816 common share equivalents and 6,193 restricted stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction disclosure. The director's purchase is a mildly positive signal, but the transaction size is not significant enough to warrant a higher score.

Positives

• A director's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

This transaction is a routine disclosure of insider trading activity, which is common in publicly traded companies. It provides transparency to investors regarding the actions of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders and are comparable across all publicly traded companies.
• The size of the transaction is relatively small, suggesting it is unlikely to have a significant impact on the stock price.

Key Dates