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MidWestOne Financial (MOFG) CEO Reeves awarded 3,288 RSUs tied to merger

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

MidWestOne Financial Group, Inc. Chief Executive Officer and director Charles N. Reeves reported an equity award of 3,288 shares of common stock on January 15, 2026, recorded at a price of $0 per share as a grant of time-based restricted stock units. These RSUs vest on January 15, 2027, or on the legal close date of the merger announced October 23, 2025 between MidWestOne Financial Group, Inc. and Nicolet Bankshares, Inc., whichever occurs first. Following this grant, Reeves beneficially owns 64,975.109 shares of common stock directly, plus 32,000 shares held indirectly through an IRA and 237.92 shares held indirectly through a 401(k), which include dividend equivalents and dividend reinvestment shares credited since his last reported filing.

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Insider REEVES CHARLES N
Role Chief Executive Officer
Type Security Shares Price Value
Grant/Award Common Stock 3,288 $0.00 --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 64,975.109 shares (Direct); Common Stock — 32,000 shares (Indirect, By IRA)
Footnotes (1)
  1. Represents restricted stock units acquired pursuant to a grant of time-based restricted stock units which vest on January 15, 2027, or on the legal close date of the merger announced October 23, 2025, of MidWestOne Financial Group, Inc. with and into Nicolet Bankshares, Inc., with Nicolet Bankshares, Inc. as the surviving corporation, whichever comes first. Includes 9.043 Dividend Equivalents credited to unvested time-based RSUs in lieu of a cash dividend payment since the reporting person's last required Form filing. Each whole Dividend Equivalent is the economic equivalent of one share of MidWestOne Financial Group, Inc. common stock. Also includes 71.038 shares acquired through dividend reinvestment since the reporting person's last required Form filing.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
REEVES CHARLES N
(Last) (First) (Middle)
102 S. CLINTON STREET
P.O. BOX 1700
(Street)
IOWA CITY IA 52244-1700
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
MidWestOne Financial Group, Inc. [ MOFG ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Executive Officer
3. Date of Earliest Transaction (Month/Day/Year)
01/15/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 01/15/2026 A(1) 3,288 A $0 64,975.109(2) D
Common Stock 32,000 I By IRA
Common Stock 237.92 I By 401(k)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Represents restricted stock units acquired pursuant to a grant of time-based restricted stock units which vest on January 15, 2027, or on the legal close date of the merger announced October 23, 2025, of MidWestOne Financial Group, Inc. with and into Nicolet Bankshares, Inc., with Nicolet Bankshares, Inc. as the surviving corporation, whichever comes first.
2. Includes 9.043 Dividend Equivalents credited to unvested time-based RSUs in lieu of a cash dividend payment since the reporting person's last required Form filing. Each whole Dividend Equivalent is the economic equivalent of one share of MidWestOne Financial Group, Inc. common stock. Also includes 71.038 shares acquired through dividend reinvestment since the reporting person's last required Form filing.
Remarks:
Kenneth R. Urmie, Deputy Corporate Secretary, for Charles N. Reeves under Power of Attorney dated April 21, 2023 01/16/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did MidWestOne Financial Group (MOFG) report for Charles N. Reeves?

MidWestOne Financial Group, Inc. reported that Chief Executive Officer and director Charles N. Reeves received an award of 3,288 shares of common stock on January 15, 2026, recorded at a price of $0 per share as a grant of time-based restricted stock units.

How and when do the new RSUs for MOFGs CEO vest?

The 3,288 restricted stock units granted to Charles N. Reeves vest on January 15, 2027, or on the legal close date of the merger announced October 23, 2025 between MidWestOne Financial Group, Inc. and Nicolet Bankshares, Inc., whichever comes first.

How many MOFG shares does Charles N. Reeves beneficially own after this transaction?

After the reported grant, Charles N. Reeves beneficially owns 64,975.109 shares of MidWestOne Financial Group, Inc. common stock directly, 32,000 shares indirectly through an IRA, and 237.92 shares indirectly through a 401(k).

What do the dividend equivalents mentioned in the MOFG Form 4 represent?

The filing notes that the holdings include 9.043 dividend equivalents credited to unvested time-based RSUs in lieu of cash dividends. Each whole dividend equivalent is the economic equivalent of one share of MidWestOne Financial Group, Inc. common stock and also reflect 71.038 shares acquired through dividend reinvestment since the last required Form filing.

Were any of the MOFG CEOs shares sold in this Form 4 filing?

No sales are reported. The Form 4 shows an A (acquisition) transaction code for 3,288 shares at $0 per share as a restricted stock unit grant, along with updated beneficial ownership totals, but does not list any dispositions.

How are some of Charles N. Reeves MOFG shares held indirectly?

The filing states that 32,000 shares of MidWestOne Financial Group, Inc. common stock are held indirectly by IRA and 237.92 shares are held indirectly by 401(k), in addition to his directly held shares.