Form 4: Midland States Bancorp Officer Reports Stock Transactions
Insider Transaction Report
Midland States Bancorp's Chief Accounting Officer, Donald J. Spring, reported routine stock dispositions for tax purposes and updated his beneficial ownership.
Summary
- Donald J. Spring, Chief Accounting Officer of Midland States Bancorp, Inc. (MSBI), reported changes in his beneficial ownership of company securities.
- On November 6, 2025, Spring disposed of 164 shares of common stock at a price of $15.97 per share.
- On November 7, 2025, Spring disposed of an additional 140 shares of common stock at a price of $16.01 per share.
- These dispositions were made to satisfy tax withholding obligations (Transaction Code 'F').
- Following these transactions, Spring directly owns 9,082 shares of common stock and 1,600 Series A Preferred Depositary Shares.
- Spring also holds options to buy 5,198 shares of common stock at an exercise price of $28.43, which vest in four equal annual installments beginning one year after the October 31, 2022, grant date and expire on October 31, 2032.
- Additionally, he holds options to buy 1,403 shares of common stock at an exercise price of $28.59, which vest in four equal annual installments beginning one year after the date of grant and expire on November 16, 2026.
Sentiment
Score: 5
Explanation: The filing reports routine insider transactions for tax withholding, which are neutral in sentiment and do not indicate any significant positive or negative developments for the company.
Positives
- The reported transactions are routine dispositions for tax withholding, which are a normal part of executive compensation and compliance.
Negatives
- No specific negative aspects are indicated by these routine tax-related dispositions.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the company's future performance.
Industry Context
This filing is a routine insider transaction report and does not provide information relevant to broader industry trends or competitive landscape analysis.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Donald J. Spring granted power of attorney to Nathan D. Sturycz, Stephanie Gurgel, Summer Moorman, and their designees for preparing, executing, and submitting Section 16 filings (Forms 3, 4, 5, and 144) to the SEC. | 08/11/2025 | This is a standard administrative procedure to facilitate timely and accurate insider transaction reporting, ensuring compliance with SEC regulations. |
Stakeholder Impact
- The routine nature of these tax-related stock dispositions has minimal direct impact on shareholders, employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 10/31/2022 | Grant date for 5,198 stock options, with vesting beginning one year later. |
| 08/11/2025 | Date Power of Attorney was executed by Donald J. Spring. |
| 11/06/2025 | Transaction date for disposition of 164 common shares for tax withholding. |
| 11/07/2025 | Transaction date for disposition of 140 common shares for tax withholding. |
| 11/10/2025 | Signature date of the Form 4 filing by Donald J. Spring and his attorney-in-fact. |
| 11/16/2026 | Expiration date for 1,403 stock options. |
| 10/31/2032 | Expiration date for 5,198 stock options. |
Recommendation
holdThis Form 4 filing details routine insider stock dispositions for tax withholding purposes by a Chief Accounting Officer. Such transactions are administrative in nature and do not typically signal a change in the company's fundamental prospects or warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate as this filing provides no new material information to alter an existing investment thesis.
Keywords
Midland States Bancorp, MSBI, Donald J. Spring, Chief Accounting Officer, Form 4, Insider Trading, Stock Transactions, Beneficial Ownership, Equity Compensation, Tax Withholding
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