MSBI director receives stock-based awards
Midland States Bancorp director Gerald Joseph Carlson reported equity-based compensation awards rather than open-market trades.
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Form Type
4
Rhea-AI Filing Summary
Midland States Bancorp director Gerald Joseph Carlson reported equity-based compensation awards rather than open-market trades. He holds 4,000 shares of common stock directly. As of this filing, he also acquired 1,926.782 common share equivalents and 136.68 additional common share equivalents through dividend reinvestments in the Directors Deferred Compensation Plan.
Each restricted stock unit and common share equivalent represents the right to receive one share of Midland States Bancorp common stock, generally payable after his service as a director ends.
Insider Trade Summary
Grant/Award: 2,063.462 shares
Grant/Award
3 txns
Insider
Carlson Gerald Joseph
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Share Equivalent | 136.68 | $26.55 | $4K |
| Grant/Award | Common Share Equivalent | 1,926.782 | $31.14 | $60K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Share Equivalent — 13,403.5725 contracts (Direct);
Common Stock — 4,000 shares (Direct)
Footnotes (3)
- F1. Represents restricted stock units acquired by the reporting person under the 2019 Long-term incentive plan and deferred under the DDCP as of the date of this form. Each restricted stock unit is the contingent right to receive one share of Issuer common stock. Vested shares will be delivered to the reporting person based on the terms of the DDCP and the reporting persons distribution elections thereunder.
- F2. 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.
- F3. Represents common share equivalents held pursuant to Directors Deferred Compensation Plan as of the date of this form. Each common share equivalent is the economic equivalent of one share of common stock. Common stock equivalents become payable upon the reporting persons termination of service as a director.
Key Figures
Direct common stock holdings: 4,000 shares
Common share equivalents grant: 1,926.782 shares
Dividend reinvestment equivalents: 136.68 shares
+2 more
5 metrics
Direct common stock holdings
4,000 shares
Common Stock held directly after reported transactions
Common share equivalents grant
1,926.782 shares
Common Share Equivalent derivative award on 2026-06-30
Dividend reinvestment equivalents
136.68 shares
Common Share Equivalent from dividend reinvestment on 2026-06-30
Grant reference price
$31.14 per share
Transaction price per share for 1,926.782 common share equivalents
Dividend reinvestment price
$26.55 per share
Transaction price per share for 136.68 common share equivalents
Key Terms
restricted stock units, 2019 Long-term incentive plan, DDCP, common share equivalents, +1 more
5 terms
restricted stock units financial
"Represents restricted stock units acquired by the reporting person under the 2019 Long-term incentive plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2019 Long-term incentive plan financial
"restricted stock units acquired by the reporting person under the 2019 Long-term incentive plan and deferred under the DDCP"
DDCP financial
"deferred under the DDCP as of the date of this form"
Directors Deferred Compensation Plan financial
"Represents common share equivalents held pursuant to Directors Deferred Compensation Plan as of the date of this form"
A directors deferred compensation plan lets a board member postpone receiving part or all of their cash fees or stock-based pay until a future date, often retirement, allowing taxes to be delayed and payouts to be structured over time. Investors care because these plans change a company’s future cash obligations and reveal how the board’s pay is aligned with long-term performance—like choosing to take a paycheck later to tie personal reward to the company’s future results.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Midland States Bancorp (MSBI) director Gerald Carlson report in this Form 4?
Gerald Carlson reported equity-based compensation, not open-market trades. He acquired 1,926.782 common share equivalents and 136.68 additional equivalents via dividend reinvestments, plus holds 4,000 common shares directly, reflecting director compensation and deferred stock-based awards.
Did Gerald Carlson buy or sell Midland States Bancorp (MSBI) stock in the market?
The filing does not show open-market buys or sells. Instead, it records grants of restricted stock units and common share equivalents, including amounts from dividend reinvestment, all under the company’s long-term incentive and Directors Deferred Compensation Plan arrangements.
What Midland States Bancorp (MSBI) stock does Carlson hold directly after these transactions?
The Form 4 shows Carlson directly holding 4,000 shares of Midland States Bancorp common stock. In addition, he holds common share equivalents and restricted stock units in the Directors Deferred Compensation Plan, which are payable in stock after his board service ends.
What is the role of the Directors Deferred Compensation Plan for Midland States Bancorp (MSBI) directors?
The Directors Deferred Compensation Plan lets directors defer equity awards into common share equivalents. These equivalents track Midland States Bancorp common stock value, receive dividend reinvestments as more equivalents, and are generally paid out in shares when the director’s board service terminates.
AI-generated analysis. How Rhea-AI works. Not financial advice.
