Form 4: Midland States Bancorp Director Smith Acquires Additional Common Share Equivalents Through Dividend Reinvestment and Deferred Compensation Plan

Director Jeffrey C. Smith of Midland States Bancorp, Inc. reports acquiring additional common share equivalents through dividend reinvestment and participation in the Directors Deferred Compensation Plan (DDCP).

Summary

• On December 31, 2024, Jeffrey C. Smith, a director of Midland States Bancorp, Inc., acquired additional common share equivalents.
• 183.262 common share equivalents were acquired through the reinvestment of dividends at a price of $26.29 per equivalent.
• 315.369 common share equivalents were acquired under the Directors Deferred Compensation Plan (DDCP) at a price of $24.40 per equivalent, representing deferred director fees.
• Following these transactions, Smith directly owns 5,923.234 common share equivalents and 10,116.779 restricted stock units.
• These common share equivalents and restricted stock units vest upon termination of service as a director.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director's continued investment in the company through dividend reinvestment and deferred compensation suggests confidence in the company's prospects.

Positives

• The acquisition of shares through dividend reinvestment and deferred compensation indicates confidence in the company's future performance.

Future Outlook

The document does not contain specific forward-looking statements, but the ongoing participation in the DDCP suggests a continued long-term investment strategy by the director.

Industry Context

Insider transactions are closely monitored as they can provide insights into management's perspective on the company's prospects. Acquisitions by directors are generally viewed positively.

Comparison to Industry Standards

• Comparing Smith's transactions to those of directors at similar regional banks would provide a better understanding of whether these actions are typical or indicative of a specific outlook on Midland States Bancorp's performance.
• Benchmarking the DDCP against similar plans at peer institutions could reveal whether the terms are competitive and attractive to directors.

Stakeholder Impact

• The transactions may have a slightly positive impact on shareholder sentiment, as they reflect insider confidence.
• The ongoing participation in the DDCP could be seen as a positive signal to employees and other stakeholders.

Key Dates