Midland States director acquires 282 share equivalents

The dividend-reinvestment equivalents vested on September 30, 2026, and become payable when McDonnell's service as a director ends.

Rhea-AI Filing Summary

Midland States Bancorp, Inc. director Jeffrey M. McDonnell acquired 282 common share equivalents on September 30, 2026, at $33.38 each through dividend reinvestment in the DDCP; his reported balance afterward was 19,401 equivalents. They vested that day and become payable upon termination of director service. He also reported 9,455 shares underlying restricted stock units and 3,432 directly held common shares; 24,245 shares were held in the Jeffrey M. McDonnell Revocable Trust UA, of which he disclaims beneficial ownership except to the extent of his pecuniary interest.

Insider Trade Summary

Grant/Award: 282.479 shares

Grant/Award 4 txns

Insider McDonnell Jeffrey M

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Share Equivalents F2, F3	282.479	$33.38	$9K
holding	Restricted Stock Unit F2	--	--	--
holding	Common Stock F1	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Share Equivalents — 19,400.6198 contracts (Direct); Restricted Stock Unit — 9,455.125 contracts (Direct); Common Stock — 24,245 shares (Indirect, Jeffrey M. McDonnell Revocable Trust UA); Common Stock — 3,432 shares (Direct)

Footnotes (3)

1. F1. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose
2. F2. Each common stock equivalent is the economic equivalent of one share of common stock.
3. F3. Represents common share equivalents acquired by the reporting person in the DDCP pursuant to the reinvestment of dividends received during the quarter on common share equivalents held in the DDCP by the reporting person at the time such dividend was paid on the underlying shares. Common share equivalents received for dividend reinvestments fully vested on the transaction date listed above and become payable upon termination of service as a director.

Key Figures

Common share equivalents acquired: 282 common share equivalents Reported price per common share equivalent: $33.38 per common share equivalent Post-transaction common share-equivalent balance: 19,401 common share equivalents +3 more

6 metrics

Common share equivalents acquired 282 common share equivalents Acquired September 30, 2026, through dividend reinvestment in the DDCP

Reported price per common share equivalent $33.38 per common share equivalent Acquisition on September 30, 2026

Post-transaction common share-equivalent balance 19,401 common share equivalents Reported after the September 30, 2026, acquisition

Shares underlying restricted stock units 9,455 shares Reported as of September 30, 2026

Directly held common shares 3,432 shares Reported as of September 30, 2026

Common shares held through revocable trust 24,245 shares Held in the Jeffrey M. McDonnell Revocable Trust UA; McDonnell disclaims beneficial ownership except to the extent of his pecuniary interest

Key Terms

common stock equivalent, DDCP, fully vested, pecuniary interest

4 terms

common stock equivalent financial

"Each common stock equivalent is the economic equivalent of one share of common stock"

DDCP financial

"in the DDCP pursuant to the reinvestment of dividends"

fully vested financial

"fully vested on the transaction date listed above"

pecuniary interest financial

"except to the extent of his pecuniary interest therein"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many MSBI common share equivalents did director Jeffrey M. McDonnell acquire?

Jeffrey M. McDonnell, a director of Midland States Bancorp, acquired 282 common share equivalents on September 30, 2026, at $33.38 each. The equivalents resulted from dividend reinvestment in the DDCP, and his reported balance afterward was 19,401 equivalents.

When are Jeffrey M. McDonnell's MSBI common share equivalents payable?

The 282 common share equivalents vested on September 30, 2026, and become payable upon termination of McDonnell's service as a director.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 10/01/2026 - 09:01 AM Accepted by SEC EDGAR 10/01/2026 - 09:01 AM Learn about SEC filing dates

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^*

McDonnell Jeffrey M

(Last) (First) (Middle)

1201 NETWORK CENTRE DR.

(Street)

EFFINGHAM ILLINOIS 62401

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Midland States Bancorp, Inc. [ MSBI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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								24,245(1)	I	Jeffrey M. McDonnell Revocable Trust UA
Common Stock								3,432	D

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
Common Share Equivalents	(2)	09/30/2026		A		282.479		(2)	(2)	Common Stock	282.479	$33.38(3)	19,400.6198	D
Restricted Stock Unit	(2)							(2)	(2)	Common Stock	9,455.125		9,455.125	D

Explanation of Responses:

1. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose

2. Each common stock equivalent is the economic equivalent of one share of common stock.

3. Represents common share equivalents acquired by the reporting person in the DDCP pursuant to the reinvestment of dividends received during the quarter on common share equivalents held in the DDCP by the reporting person at the time such dividend was paid on the underlying shares. Common share equivalents received for dividend reinvestments fully vested on the transaction date listed above and become payable upon termination of service as a director.

Remarks:

	/s/McDonnell Jeffrey	10/01/2026
	/s/Nathan D. Sturycz, attorney-in-fact	10/01/2026
	** 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.
* Form 4: SEC 1474 (03-26)