Form 4: Midland States Bancorp Director Richard Dean Bingham Reports Changes in Beneficial Ownership

Director Richard Dean Bingham reports transactions related to common stock and share equivalents in Midland States Bancorp, Inc.

Summary

• Richard Dean Bingham, a director of Midland States Bancorp, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
• The report includes transactions related to common stock, IRA Series A Preferred Depositary Shares, and common share equivalents held in the Directors Deferred Compensation Plan (DDCP).
• Bingham disclaims beneficial ownership of certain securities except to the extent of his pecuniary interest.
• The transactions include the acquisition of common share equivalents through dividend reinvestments and deferred director fees.
• The common share equivalents become payable upon the reporting person's termination of service as a director.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.

Industry Context

This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency regarding the holdings and transactions of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders, ensuring compliance with SEC regulations.
• Comparable companies would have similar filings related to their directors' and officers' transactions in company stock.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the transactions of a company director.
• It helps stakeholders understand the alignment of interests between management and shareholders.

Key Dates