Form 4: Midland States Bancorp Director Sherina M. Edwards Reports Transaction

Director Sherina M. Edwards of Midland States Bancorp, Inc. reports the acquisition and disposal of common stock on June 30, 2024.

Summary

• On June 30, 2024, Sherina M. Edwards, a director of Midland States Bancorp, Inc., engaged in a transaction involving the company's common stock.
• Edwards acquired 1,987 shares of common stock at a price of $22.65 per share.
• Following the transaction, Edwards beneficially owns 5,660 shares of Midland States Bancorp, Inc.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a transaction by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This filing is a routine disclosure required by Section 16(a) of the Securities Exchange Act, providing transparency into the transactions of company insiders. It allows investors to monitor the buying and selling activity of directors and officers, which can provide insights into their perspectives on the company's prospects.

Comparison to Industry Standards

• Monitoring insider transactions is a standard practice in financial analysis.
• Comparable companies would have similar filings related to their directors' and officers' transactions.
• The significance of this transaction would be assessed in relation to the director's overall holdings and past trading behavior.

Stakeholder Impact

• The transaction provides shareholders with information about the director's investment activity in the company.
• The filing ensures transparency and compliance with securities regulations.

Key Dates