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

Director Richard Ramos reports changes in beneficial ownership of Midland States Bancorp stock, including acquisitions through dividend reinvestment.

Summary

• Richard Ramos, a director of Midland States Bancorp, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• The report indicates the acquisition of common share equivalents through dividend reinvestment in the DDCP (Dividend Direct Credit Program).
• As of September 30, 2024, Mr. Ramos directly owns 17,505 shares of common stock.
• He also indirectly owns 500 shares through his daughter and 500 shares through his son.
• He acquired 657.639 common share equivalents through dividend reinvestment at a price of $21.66 per share.
• Mr. Ramos also holds 4,990 restricted stock units.
• Douglas J. Tucker is acting as attorney-in-fact for Mr. Ramos, as per a previously filed power of attorney.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock ownership changes. The director's participation in the dividend reinvestment program is a mildly positive signal.

Positives

• The director's participation in the dividend reinvestment program shows confidence in the company's future.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates a director's continued investment in the company.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates