Form 4: Midland States Bancorp Executive Jeffrey S. Mefford Reports Stock Transactions

Jeffrey S. Mefford, President of Midland States Bank, reports the acquisition and disposal of Midland States Bancorp, Inc. common stock and the exercise of stock options.

Summary

• On October 31, 2024, Jeffrey S. Mefford disposed of 377 shares of common stock at a price of $24.81.
• On November 1, 2024, Mefford exercised options to acquire 7,885 shares at $21 per share.
• Also on November 1, 2024, Mefford disposed of 7,038 shares at $24.77 and 629 shares at $24.77.
• Following these transactions, Mefford directly owns 46,258.47 shares of Midland States Bancorp, Inc.
• Mefford also holds options to buy 10,702 shares at $23, 5,341 shares at $28.59, and 29,133 shares at $28.43.

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 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 similar to that of other executives at comparable financial institutions, such as community banks and regional banks, who are required to report their stock transactions.

Stakeholder Impact

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

Key Dates