Midland States EVP granted 1,311 ESPP shares
Midland States Bancorp EVP and Chief Credit Officer Jeremy Andrew received an amended grant of 1,311 shares of Common Stock under the company’s Employee Stock Purchase Plan.
Rhea-AI Filing Summary
Midland States Bancorp EVP and Chief Credit Officer Jeremy Andrew received an amended grant of 1,311 shares of Common Stock under the company’s Employee Stock Purchase Plan. The Form 4/A corrects the number of shares previously reported as acquired for the calendar quarter.
The shares were acquired through his contributions to the plan, at a purchase price of $19.05 per share, based on the ESPP feature that uses the lower of 90% of the fair market value on the first day of the quarter or the closing price on the last day. Following this acquisition, he directly owns 65,194 shares of Midland States Bancorp common stock.
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Insider Trade Summary
Grant/Award: 1,311 shares
Grant/Award
1 txn
Insider
Jameson Jeremy Andrew
Role
EVP - Chief Credit Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,311 | $19.05 | $25K |
Holdings After Transaction:
Common Stock — 65,194 shares (Direct)
Footnotes (2)
- F1. This Form is being filed to correct the number of shares reported as acquired under the issuer's Employee Stock Purchase Plan. The original filing inadvertently reported an incorrect share amount. All other information remains unchanged
- F2. Represents shares acquired by the reporting person through contributions to the Employee Stock Purchase Plan of the Issuer (ESPP). for the calendar quarter. Pursuant to the ESPP, the price used for each quarterly purchase is the lower of 90% of the fair market of the Issuers shares on the first day of the calendar quarter or the closing price of the shares on the last day of the quarter.
Key Figures
ESPP shares acquired: 1,311 shares
ESPP purchase price: $19.05 per share
Shares owned after transaction: 65,194 shares
+2 more
5 metrics
ESPP shares acquired
1,311 shares
Common Stock acquisition on March 31, 2026 via ESPP
ESPP purchase price
$19.05 per share
Price for quarterly ESPP purchase
Shares owned after transaction
65,194 shares
Direct Common Stock holdings following ESPP acquisition
Transaction code
A
Grant, award, or other acquisition of Common Stock
Transaction date
March 31, 2026
Calendar quarter ESPP purchase date
Key Terms
Employee Stock Purchase Plan, ESPP, fair market, Grant, award, or other acquisition
4 terms
Employee Stock Purchase Plan financial
"Represents shares acquired by the reporting person through contributions to the Employee Stock Purchase Plan of the Issuer (ESPP)."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
ESPP financial
"Represents shares acquired by the reporting person through contributions to the Employee Stock Purchase Plan of the Issuer (ESPP)."
An Employee Stock Purchase Plan (ESPP) is a company program that lets employees buy the company’s shares at a reduced price, usually by setting aside a small portion of their pay over time. It matters to investors because it encourages employees to own part of the business—like giving staff a discounted membership— which can boost commitment and performance, while also potentially increasing the number of shares available and affecting shareholder value.
fair market financial
"the price used for each quarterly purchase is the lower of 90% of the fair market of the Issuers shares on the first day"
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Midland States Bancorp (MSBI) report in this Form 4/A?
Midland States Bancorp reported that EVP and Chief Credit Officer Jeremy Andrew acquired 1,311 shares of Common Stock. The shares were obtained through the company’s Employee Stock Purchase Plan for the calendar quarter at a price of $19.05 per share.
Why was this Midland States Bancorp (MSBI) insider filing amended?
The filing was amended to correct the number of shares reported as acquired under Midland States Bancorp’s Employee Stock Purchase Plan. The original Form 4 inadvertently listed an incorrect share amount, while all other information related to the transaction remains unchanged.
How does Midland States Bancorp’s (MSBI) Employee Stock Purchase Plan determine the purchase price?
The plan sets the quarterly purchase price as the lower of 90% of the fair market value of shares on the first day of the calendar quarter or the closing price on the last day. This formula determined the $19.05 per share price for the 1,311 shares acquired.
Is this Midland States Bancorp (MSBI) insider transaction an open-market purchase?
No. The transaction is a grant or award acquisition through the Employee Stock Purchase Plan, funded by the executive’s contributions. It is reported with transaction code “A,” reflecting compensatory share acquisition rather than an open-market buy or sell order.
AI-generated analysis. How Rhea-AI works. Not financial advice.
