Form 4: Midland States Bancorp Officer Reports Routine Stock Disposition for Tax Obligations
Insider Transaction Report
Daniel Edward Casey, an officer at Midland States Bancorp, Inc., reported the disposition of 217 shares of common stock at $17.62 per share on May 1, 2025, primarily to cover tax withholding obligations.
Summary
- Daniel Edward Casey, identified as an officer (CROF) of Midland States Bancorp, Inc. (MSBI), reported a transaction on May 1, 2025.
- The transaction involved the disposition of 217 shares of Midland States Bancorp common stock.
- The shares were disposed of at a price of $17.62 per share.
- This disposition was made under transaction code 'F', indicating a disposition to the issuer to satisfy tax withholding obligations.
- Following this reported transaction, Daniel Edward Casey directly beneficially owns 13,352 shares of common stock.
Sentiment
Score: 5
Explanation: Neutral. This is a routine insider transaction (disposition for tax withholding) and does not indicate any significant positive or negative sentiment regarding the company's performance or outlook.
Future Outlook
This document, a Form 4, reports a specific insider transaction and does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.
Industry Context
This Form 4 filing is a routine disclosure of an insider stock transaction common across all publicly traded companies, including those in the financial services sector. It does not provide insights into broader industry trends or competitive dynamics.
Related Party Transactions
- Disposition of 217 shares of common stock to the issuer (Midland States Bancorp, Inc.) at $17.62 per share to satisfy tax withholding obligations related to equity compensation.
Stakeholder Impact
- Shareholders: Minimal direct impact, as this is a routine, non-discretionary disposition for tax purposes rather than a sale into the open market for liquidity.
- Employees: No direct impact on the broader employee base from this specific transaction.
- Customers, Suppliers, Creditors: No direct impact.
Key Dates
| Date | Description |
|---|---|
| 02/04/2025 | Date the Power of Attorney was executed by Dan Casey, authorizing attorneys-in-fact to handle SEC filings. |
| 05/01/2025 | Date of the common stock disposition transaction by Daniel Edward Casey. |
| 07/01/2025 | Date the Form 4 was signed by Daniel E Casey and Nathan D. Sturycz, attorney-in-fact. |
Keywords
Midland States Bancorp, MSBI, Form 4, Insider Transaction, Stock Disposition, Beneficial Ownership, Tax Withholding, Equity Compensation
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