Form 4: Midland States Bancorp Officer Disposes of Shares to Cover Tax Obligations

Douglas J. Tucker, SVP Corporate Counsel at Midland States Bancorp, Inc., disposed of 412 shares of common stock on November 5, 2024, to cover tax obligations related to equity awards.

Summary

• On November 5, 2024, Douglas J. Tucker, SVP Corporate Counsel of Midland States Bancorp, Inc. (MSBI), disposed of 412 shares of common stock.
• The transaction was executed at a price of $24.99 per share.
• This disposal was to cover tax obligations related to equity awards.
• Following the transaction, Tucker directly owns 32,528 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 annual installments from 11/16/2016.
• He also holds options to buy 18,924 shares of common stock at an exercise price of $28.43, vesting in annual installments from 10/31/2022.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't convey any particularly positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions and is common for publicly traded companies. It provides transparency into the trading activities of company officers.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in compliance with SEC regulations.
• Similar filings are made by officers and directors of comparable financial institutions like First Midwest Bancorp and Wintrust Financial Corporation when they engage in transactions involving their company's stock.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it involves a small number of shares disposed of by an officer to cover tax obligations.

Key Dates