Form 4: Midland States Bancorp Director Richard Ramos Reports Stock Award and Dividend Reinvestment

Director Richard T. Ramos reports acquisition of shares through an annual stock award and dividend reinvestment, along with adjustments to holdings jointly owned with spouse and those held by children.

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 stock.
• On June 30, 2024, Ramos acquired 1,987 shares of common stock at a price of $22.65 per share as an annual director stock award.
• He also reported the acquisition of 599.515 common share equivalents on June 28, 2024, through dividend reinvestment at $23.45.
• The report indicates Ramos directly owns 17,505 shares following the reported transactions.
• Additionally, the report mentions shares jointly owned with his spouse (500 shares) and shares held by his daughter and son (500 shares each), for which Ramos disclaims beneficial ownership except to the extent of his pecuniary interest.
• Ramos also holds 40,958.9446 common share equivalents and 4,990 restricted stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing primarily reflects routine transactions related to director compensation and dividend reinvestment. There is no indication of unusual or concerning activity.

Positives

• The acquisition of shares through a stock award and dividend reinvestment indicates confidence in the company's future performance.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders. These filings are closely monitored by investors to gauge sentiment and potential future actions by company leadership.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates