MSBI Form 4: CEO acquires 38,410 shares at $14.64; options listed
Rhea-AI Filing Summary
Midland States Bancorp (MSBI) reported an insider transaction by its President & CEO and Director. On 11/03/2025, he acquired 38,410 shares of common stock at $14.64 through a restricted stock award with a four-year, 25% annual vesting schedule.
Following the transaction, he beneficially owned 399,659.432 shares directly, with an additional 11,569 shares held indirectly through JQ Properties.
Outstanding derivative holdings include stock options for 16,800 shares at an exercise price of $23 expiring on 11/03/2025, 8,383 shares at $28.59 expiring on 11/16/2026, and 52,291 shares at $28.43 expiring on 10/31/2032.
Positive
- None.
Negative
- None.
Insights
Routine equity grant and ownership update; neutral impact.
The filing lists a restricted stock award of 38,410 shares at $14.64 with a four-year, 25% vesting schedule. After this grant, direct beneficial ownership stands at 399,659.432 shares, with 11,569 shares held indirectly via JQ Properties.
It also enumerates outstanding options: 16,800 at $23 expiring 11/03/2025, 8,383 at $28.59 expiring 11/16/2026, and 52,291 at $28.43 expiring 10/31/2032. These are standard compensation elements and do not, by themselves, change the investment thesis.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 38,410 | $14.64 | $562K |
| holding | Option (right to buy) | -- | -- | -- |
| holding | Option (right to buy) | -- | -- | -- |
| holding | Option (right to buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- RSA with 4yr - 25% vesting schedule 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 These options vest in four equal annual installments beginning one year after the 11/03/2015 date of grant. These options vest in four equal annual installments beginning one year after the 11/16/2016 date of grant. These options vest in four equal annual installments beginning one year after the 10/31/2022 date of grant.
