Form 4: Midland States Bancorp Director Richard Ramos Reports Transactions in Company Stock

Director Richard Ramos reports acquisition of common stock and restricted stock units, along with derivative securities transactions, in Midland States Bancorp.

Summary

• Richard Ramos, a director of Midland States Bancorp, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
• On March 31, 2024, Ramos acquired 2,009 shares of common stock at a price of $25.13 per share through the exercise of restricted stock units.
• He also reported owning 15,518 shares of common stock jointly with his spouse.
• Additionally, he indirectly owns 500 shares each through his daughter and son, but disclaims beneficial ownership except to the extent of his pecuniary interest.
• On March 28, 2024, Ramos acquired 550.671 common share equivalents.
• He also owns 40,359.4296 common share equivalents and 4,990 restricted stock units.
• The filing also includes a power of attorney document, granting Douglas J. Tucker the authority to act on Ramos's behalf in matters related to Section 16 filings with the SEC.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, as required by SEC regulations. It provides transparency to the market regarding the actions of company leadership.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• It assures stakeholders that company leadership is adhering to regulatory requirements.

Key Dates