Form 4: Midland States Bancorp SVP Exercises Options and Disposes of Shares

Douglas J. Tucker, SVP Corporate Counsel at Midland States Bancorp, exercised stock options and disposed of shares on July 17, 2024.

Summary

• On July 17, 2024, Douglas J. Tucker, SVP Corporate Counsel at Midland States Bancorp, exercised options to acquire 11,566 shares of common stock at a price of $23.
• Following the exercise, Tucker disposed of 11,566 shares at $23 and 10,796 shares at $25.4.
• After these transactions, Tucker directly owns 33,641 shares of common stock and indirectly owns 4,300 Series A Preferred Depositary Shares through the Douglas J. Tucker Revocable Trust dated 8/16/21.
• Tucker also holds options to purchase 5,405 shares at $28.59 expiring on 11/16/2026 and 18,924 shares at $28.43 expiring on 10/31/2032.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing insider transactions, with no inherent positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider trading activities.
• Similar filings are made by executives at comparable financial institutions like First Midwest Bancorp and Wintrust Financial Corporation.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.

Key Dates