Form 4: Midland States Bancorp Executive Donald J. Spring Reports Stock Transactions

Donald J. Spring, Chief Accounting Officer of Midland States Bancorp, reports acquisition and disposal of company stock, including shares acquired through vesting and sold on the market.

Summary

• Donald J. Spring, the Chief Accounting Officer of Midland States Bancorp, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On November 6, 2024, he disposed of 164 shares of common stock at a price of $27.96.
• On November 7, 2024, he acquired 2,030 shares of common stock at $27.96 and sold 311 shares at $27.518.
• Following these transactions, Spring directly owns 5,873 shares of common stock and 800 Series A Preferred Depositary Shares.
• He also holds options to buy 1,403 shares at $28.59, vesting in annual installments from 11/16/2026, and options to buy 5,198 shares at $28.43, vesting in annual installments from 10/31/2022.
• The filing was made on November 7, 2024, with Douglas J. Tucker signing as attorney-in-fact.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions, with no inherent positive or negative sentiment.

Industry Context

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

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• The information disclosed is consistent with SEC requirements for reporting changes in beneficial ownership.
• Comparable companies like First Midwest Bancorp (now part of Old National Bancorp) and Wintrust Financial Corporation also have officers who regularly file Form 4s.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by slightly altering the ownership structure.
• The transactions do not directly impact employees, customers, suppliers, or creditors.

Key Dates