Form 4: Midland States Bancorp Director Richard Ramos Boosts Holdings Through Stock Award and Dividend Reinvestment

Midland States Bancorp Director Richard T. Ramos increased his beneficial ownership in the company through an annual stock award and dividend reinvestment, totaling 2,598 shares and 830.712 common share equivalents.

Summary

• Richard T. Ramos, a Director of Midland States Bancorp, Inc. (MSBI), acquired 2,598 shares of common stock on June 30, 2025, as part of an annual director stock award, with immediate vesting, at a price of $17.32 per share.
• Additionally, Ramos acquired 830.712 common share equivalents on June 30, 2025, at a price of $17.88 per equivalent, through the reinvestment of dividends received during the quarter on common share equivalents held in the Deferred Director Compensation Plan (DDCP).
• These common share equivalents fully vested on the transaction date and become payable upon termination of service as a director.
• Following these transactions, Richard T. Ramos beneficially owns 20,103 shares of common stock directly (jointly with spouse), 500 shares indirectly through his daughter, and 500 shares indirectly through his son.
• He also directly owns 43,753.1426 common share equivalents.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it indicates a director increasing their stake in the company, which can be viewed as a sign of confidence, even if it's part of a compensation package.

Positives

• Director Richard T. Ramos increased his direct beneficial ownership in Midland States Bancorp, Inc. through an annual stock award, aligning his interests further with shareholders.
• The reinvestment of dividends into common share equivalents indicates a long-term commitment and confidence in the company's performance by a director.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of an insider transaction within the banking and financial services industry, reflecting a director's compensation and investment activities in the company's equity.

Related Party Transactions

• Richard T. Ramos disclaims beneficial ownership of 500 shares held by his daughter and 500 shares held by his son, except to the extent of his pecuniary interest therein.

Stakeholder Impact

• Shareholders may view the director's increased holdings as a positive signal, indicating alignment of interests between management and investors.
• Employees are not directly impacted by this specific transaction disclosure.

Key Dates

Keywords

Midland States Bancorp, MSBI, Richard T. Ramos, Director, Insider Trading, SEC Form 4, Stock Award, Dividend Reinvestment, Common Stock, Beneficial Ownership, Financial Services, Banking