Midland States (MSBI) Director Reports Share Sale and Dividend Reinvestment
Rhea-AI Filing Summary
Jennifer DiMotta, a director of Midland States Bancorp, Inc. (MSBI), reported changes in her holdings on 09/30/2025. The filing shows a disposition of 6,799 shares of common stock. The report also records acquisition of 289.5654 common share equivalents through dividend reinvestment in the companys DDCP at an indicated value of $17.35 per share equivalent; those reinvested common share equivalents fully vested on the transaction date and are stated to be payable upon termination of her service as a director. The filing lists 10,651.6657 common share equivalents and 5,338 restricted stock units as beneficially owned following the reported transactions. The form is signed by Ms. DiMotta and an attorney-in-fact on 10/01/2025.
Positive
- Dividend reinvestment produced 289.5654 common share equivalents that fully vested on the transaction date
- Post-transaction beneficial ownership is disclosed: 10,651.6657 common share equivalents and 5,338 restricted stock units
Negative
- Disposition of 6,799 common shares by the reporting director on 09/30/2025
Insights
TL;DR: Routine director reporting shows share disposition and dividend reinvestment; holdings updated but no governance changes.
The Form 4 documents standard insider reporting by a board director. The disposition of 6,799 common shares is a material transaction in the sense it changes an insiders direct holding, and the filing also records dividend reinvestment that produced 289.5654 common share equivalents which vested immediately. The presence of 5,338 restricted stock units and over 10,651 common share equivalents gives a clear post-transaction snapshot of the directors economic exposure. There is no indication in this filing of leadership change, related-party arrangements, or other governance actions.
TL;DR: Transaction mix is routine: a share sale plus dividend reinvestment; overall insider ownership updated without flagged concerns.
The report details a sale (disposition) of 6,799 shares and simultaneous dividend reinvestment resulting in 289.5654 common share equivalents at an indicated reference of $17.35. Post-transaction beneficial ownership figures—10,651.6657 common share equivalents and 5,338 restricted stock units—are disclosed. For investors tracking insider activity, this filing updates ownership levels but does not, by itself, signal broad operational or financial changes at the issuer.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Share Equivalent | 289.565 | $17.35 | $5K |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Each common stock equivalent is the economic equivalent of one share of common stock. 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.
