Form 4: Midland States Bancorp Director Richard Ramos Reports Beneficial Ownership Changes

Director Richard Ramos files Form 4 detailing common stock equivalent acquisition through dividend reinvestment and updates to beneficial ownership.

Summary

• Richard T. Ramos, a director of Midland States Bancorp, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
• The report indicates the acquisition of common share equivalents through dividend reinvestment in the DDCP (Dividend Direct Credit Program) on December 31, 2024.
• Ramos acquired 549.575 common share equivalents at a price of $26.29 per share, totaling $14,458.23.
• The report also reflects holdings of common stock, including 17,505 shares owned directly and 500 shares each held indirectly through his daughter and son.
• The reporting person disclaims beneficial ownership of shares held by his daughter and son except to the extent of his pecuniary interest therein.

Sentiment

Score: 6

Explanation: Neutral sentiment as the document is a standard regulatory filing detailing transactions. The dividend reinvestment is a slightly positive signal.

Positives

• The acquisition of shares through dividend reinvestment demonstrates a continued investment in the company by a director.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates