Form 4: Midland States Bancorp Executive Douglas J. Tucker Reports Share Transactions

Douglas J. Tucker, SVP Corporate Counsel at Midland States Bancorp, reports acquisition and disposal of common stock and holdings in derivative securities.

Summary

• On November 6, 2024, Douglas J. Tucker disposed of 620 shares of common stock at a price of $27.96.
• On November 7, 2024, Tucker acquired 7,150 shares of common stock at a price of $27.96.
• Following these transactions, Tucker directly owns 39,058 shares of common stock.
• Tucker also indirectly owns 4,300 Series A Preferred Depositary Shares through the Douglas J. Tucker Revocable Trust dated 8/16/21.
• Tucker holds options to buy 5,405 shares of common stock at an exercise price of $28.59, vesting in equal annual installments from 11/16/2016.
• Tucker holds options to buy 18,924 shares of common stock at an exercise price of $28.43, vesting in equal annual installments from 10/31/2022.

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 Section 16 of the Securities Exchange Act of 1934. It provides transparency to the market regarding the trading activities 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 regulatory requirements for reporting changes in beneficial ownership.
• Comparable companies like First Financial Bancorp or Old National Bancorp would have similar insider transaction reporting requirements.

Stakeholder Impact

• The transactions may be of interest to shareholders as they provide insight into the actions of a company insider.
• The filing ensures transparency and compliance with securities regulations.

Key Dates