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

Director Richard Ramos reports changes in beneficial ownership of Midland States Bancorp, Inc. 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) on March 31, 2025.
• Ramos directly owns 17,505 shares of common stock and indirectly owns 500 shares through his daughter and 500 shares through his son.
• He also reports ownership of 42,922.4306 common share equivalents and 4,990 restricted stock units.
• The common share equivalents were acquired at a price of $19.33 per share.
• Ramos has granted power of attorney to Nathan D. Sturycz and Stephanie Gurgel for Section 16 filings.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director's continued investment in the company through dividend reinvestment, which is generally seen as a positive sign.

Positives

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

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency to investors regarding changes in ownership.

Comparison to Industry Standards

• Form 4 filings are standard practice for directors and officers of publicly traded companies, ensuring compliance with SEC regulations.
• Similar filings are made by insiders at comparable financial institutions like First Midwest Bancorp and Wintrust Financial Corporation, reflecting standard corporate governance practices.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• It assures stakeholders that the director is invested in the company's success through continued stock ownership.

Key Dates

Keywords

Form 4, beneficial ownership, Midland States Bancorp, MSBI, Richard Ramos, dividend reinvestment, common stock, director, Section 16