[Form 4] Midland States Bancorp, Inc. Insider Trading Activity
Travis Franklin, a director of Midland States Bancorp (MSBI), reported share-related transactions dated 09/30/2025. The Form 4 shows two acquisitions of common share equivalents: 700.117 and 141.079 units, both recorded as acquisitions. These common share equivalents are held under the Directors Deferred Compensation Plan (DDCP) and represent the economic equivalent of one share of common stock, payable upon termination of director service. The filing also notes restricted stock units acquired under the 2019 Long-Term Incentive Plan that were deferred into the DDCP, and that some common share equivalents were received via dividend reinvestment and fully vested on the transaction date. The reporting person’s total beneficial ownership following the reported transactions is stated as 8,490.321 shares, held directly.
Travis Franklin, un amministratore di Midland States Bancorp (MSBI), ha comunicato operazioni azionarie datate al 30 settembre 2025. Il modulo 4 riporta due acquisizioni di equivalenti di azioni ordinarie: 700,117 e 141,079 unità, entrambe registrate come acquisizioni. Questi equivalenti di azioni ordinarie sono detenuti nel Directors Deferred Compensation Plan (DDCP) e rappresentano l’equivalente economico di una azione ordinaria, pagabile al termine del mandato da direttore. La dichiarazione segnala inoltre unità di azioni vincolate acquisite nell’ambito del 2019 Long-Term Incentive Plan che sono state differite nel DDCP, e che alcuni equivalenti di azioni ordinarie sono stati ricevuti tramite reinvestimento dei dividendi e hanno maturato pieno vesting nel giorno della transazione. La proprietà Beneficial total del soggetto dopo le operazioni riportate è indicata come 8.490,321 azioni, detenute direttamente.
Travis Franklin, director de Midland States Bancorp (MSBI), informó operaciones sobre acciones fechadas el 30/09/2025. El Formulario 4 muestra dos adquisiciones de equivalentes de acciones comunes: 700.117 y 141.079 unidades, ambas registradas como adquisiciones. Estos equivalentes de acciones comunes se mantienen bajo el Directors Deferred Compensation Plan (DDCP) y representan el equivalente económico de una acción común, pagadera al terminar el servicio como director. La declaración también señala unidades de acciones restringidas adquiridas bajo el Plan de Incentivos a Largo Plazo de 2019 que se diferieron al DDCP, y que algunos equivalentes de acciones comunes se recibieron mediante reinversión de dividendos y quedaron totalmente vested en la fecha de la transacción. La propiedad beneficiosa total del informante tras las transacciones informadas se indica como 8.490,321 acciones, mantenidas directamente.
Midland States Bancorp(MSBI)의 이사인 Travis Franklin은 2025년 9월 30일자로 주식 관련 거래를 보고했습니다. Form 4에는 두 건의 보통주 등가물 취득이 표시되어 있으며 각각 700,117주, 141,079주로 기록되었습니다. 이 보통주 등가물은 Directors Deferred Compensation Plan (DDCP) 아래에 보유되며, 이사회 이직 시 지급될 수 있는 보통주 1주에 해당하는 경제적 등가물입니다. 보고서에는 또한 2019년 장기 인센티브 계획에 따라 취득되었으나 DDCP로 이연된 제한주식 유닛과, 일부 보통주 등가물이 배당금 재투자를 통해 수령되었고 거래일에 완전 vesting되었음을 명시합니다. 보고자인 사람이 보고된 거래 이후의 총 실질 보유 주식 수는 8,490.321주로 직접 보유된다고 기재되어 있습니다.
Travis Franklin, administrateur de Midland States Bancorp (MSBI), a signalé des opérations sur actions datées du 30 septembre 2025. Le formulaire 4 indique deux acquisitions d’équivalents d’actions ordinaires : 700,117 et 141,079 unités, toutes deux enregistrées comme des acquisitions. Ces équivalents d’actions ordinaires sont détenus dans le Directors Deferred Compensation Plan (DDCP) et représentent l’équivalent économique d’une action ordinaire, payable à la fin du mandat de directeur. La déclaration mentionne également des unités d’actions restreintes acquises dans le cadre du plan d’incitations à long terme de 2019 qui ont été différées dans le DDCP, et que certains équivalents d’actions ordinaires ont été reçus via la réinvestissement des dividendes et ont acquis une vesting complète à la date de la transaction. La propriété bénéficiaire totale du déclarant après les transactions reportées est indiquée comme 8 490,321 actions, détenues directement.
Travis Franklin, ein Direktor von Midland States Bancorp (MSBI), meldete am 30.09.2025 währende die Transaktionen bezüglich Aktien. Das Formular 4 weist zwei Erwerbungen von Stammaktienäquivalenten aus: 700,117 und 141,079 Einheiten, beide als Erwerbungen verbucht. Diese Stammaktienäquivalente werden unter dem Directors Deferred Compensation Plan (DDCP) gehalten und stellen das wirtschaftliche Äquivalent von einer Stammaktie dar, zahlbar bei Beendigung der Direktoren-Tätigkeit. Die Einreichung erwähnt auch Restricted Stock Units, die im Rahmen des 2019 Long-Term Incentive Plan erworben und ins DDCP defereirt wurden, und dass einige Stammaktienäquivalente durch Dividendene reinvestiert wurden und am Transaktionsdatum vollständig vestet waren. Die insgesamt beherrschende Eigentümerschaft der melderperson nach den berichteten Transaktionen wird mit 8.490,321 Aktien angegeben, direkt gehalten.
لقد قام ترافيس فرانكلين، مدير في Midland States Bancorp (MSBI)، بالإبلاغ عن معاملات تتعلق بالأسهم بتاريخ 30/09/2025. يعرض النموذج 4 اكتسابين لمكافئ الأسهم العادية: 700.117 و141.079 وحدة، وكلاهما مسجل كاستحواذ. وهذه المكافئيات للأسهم العادية محتفظ بها ضمن خطة تعويض المدير المؤجل (DDCP) وتمثل المكافئ الاقتصادي لمرّة من الأسهم العادية، وقابلة للدفع عند إنهاء خدمة المدير. كما يذكر الإيداع وحدات الأسهم المقيدة المكتسبة بموجب خطة التحفيز طويلة الأجل لعام 2019 والتي تم تأجيلها إلى DDCP، وأن بعض مكافئيات الأسهم العادية قد تم استلامها من خلال إعادة استثمار الأرباح وتمت vesting كاملة في تاريخ المعاملة. ويشار إلى أن الملكية المفيدة الإجمالية للمبلغ المبلغ عنها بعد الصفقات المدرجة تبلغ 8,490.321 سهماً، المحتفظ بها بشكل مباشر.
Travis Franklin， Midland States Bancorp（MSBI）的董事，报告了日期为 2025/09/30 的股票相关交易。 Form 4 显示两项普通股等价物的取得：700.117 股和 141.079 股，均记为取得。这些普通股等价物由 Directors Deferred Compensation Plan（DDCP）持有，代表可在董事任期结束时支付的普通股经济等价物。申报还指出在 2019 年长期激励计划下获取并递延到 DDCP 的受限股票单位，以及部分普通股等价物通过股息再投资而获得，并在交易日完全归属。报告人交易后的总受益所有权为 8,490.321 股，直接持有。
- Increased insider alignment: Reporting person acquired additional common share equivalents (700.117 and 141.079) under the DDCP, raising reported beneficial ownership to 8,490.321 shares.
- Vesting and dividend reinvestment: Some common share equivalents from dividend reinvestment fully vested on the transaction date, clarifying the director's economic interest.
- Use of long-term compensation: Restricted stock units from the 2019 Long-Term Incentive Plan were deferred into the DDCP, indicating retention via long-term incentives.
- None.
Insights
TL;DR: Director Travis Franklin acquired additional vested common share equivalents under compensation plans, raising reported beneficial ownership to 8,490.321 shares.
This Form 4 documents routine, non-market purchases/accretions tied to director compensation arrangements rather than open-market trading. The transactions on 09/30/2025 list acquisitions of 700.117 and 141.079 common share equivalents under the Directors Deferred Compensation Plan and deferred restricted stock units from the 2019 Long-Term Incentive Plan. Dividend reinvestments are explicitly noted as fully vested on the transaction date. For investors, this is a governance/compensation disclosure showing increased insider economic exposure but not an active cash purchase from the market or a change in control or strategy.
TL;DR: The filing reflects compensation plan mechanics and vesting events, a routine disclosure with limited immediate market impact.
The report clarifies that common share equivalents are payable upon termination of director service and that some units stem from deferred restricted stock units and dividend reinvestment. These are administrative, plan-driven events that document vesting and reinvestment activity rather than discretionary trading. Such disclosures are important for transparency on insider holdings and potential future dilution, but the Form 4 does not indicate any unusual or material corporate governance actions.
Travis Franklin, un amministratore di Midland States Bancorp (MSBI), ha comunicato operazioni azionarie datate al 30 settembre 2025. Il modulo 4 riporta due acquisizioni di equivalenti di azioni ordinarie: 700,117 e 141,079 unità, entrambe registrate come acquisizioni. Questi equivalenti di azioni ordinarie sono detenuti nel Directors Deferred Compensation Plan (DDCP) e rappresentano l’equivalente economico di una azione ordinaria, pagabile al termine del mandato da direttore. La dichiarazione segnala inoltre unità di azioni vincolate acquisite nell’ambito del 2019 Long-Term Incentive Plan che sono state differite nel DDCP, e che alcuni equivalenti di azioni ordinarie sono stati ricevuti tramite reinvestimento dei dividendi e hanno maturato pieno vesting nel giorno della transazione. La proprietà Beneficial total del soggetto dopo le operazioni riportate è indicata come 8.490,321 azioni, detenute direttamente.
Travis Franklin, director de Midland States Bancorp (MSBI), informó operaciones sobre acciones fechadas el 30/09/2025. El Formulario 4 muestra dos adquisiciones de equivalentes de acciones comunes: 700.117 y 141.079 unidades, ambas registradas como adquisiciones. Estos equivalentes de acciones comunes se mantienen bajo el Directors Deferred Compensation Plan (DDCP) y representan el equivalente económico de una acción común, pagadera al terminar el servicio como director. La declaración también señala unidades de acciones restringidas adquiridas bajo el Plan de Incentivos a Largo Plazo de 2019 que se diferieron al DDCP, y que algunos equivalentes de acciones comunes se recibieron mediante reinversión de dividendos y quedaron totalmente vested en la fecha de la transacción. La propiedad beneficiosa total del informante tras las transacciones informadas se indica como 8.490,321 acciones, mantenidas directamente.
Midland States Bancorp(MSBI)의 이사인 Travis Franklin은 2025년 9월 30일자로 주식 관련 거래를 보고했습니다. Form 4에는 두 건의 보통주 등가물 취득이 표시되어 있으며 각각 700,117주, 141,079주로 기록되었습니다. 이 보통주 등가물은 Directors Deferred Compensation Plan (DDCP) 아래에 보유되며, 이사회 이직 시 지급될 수 있는 보통주 1주에 해당하는 경제적 등가물입니다. 보고서에는 또한 2019년 장기 인센티브 계획에 따라 취득되었으나 DDCP로 이연된 제한주식 유닛과, 일부 보통주 등가물이 배당금 재투자를 통해 수령되었고 거래일에 완전 vesting되었음을 명시합니다. 보고자인 사람이 보고된 거래 이후의 총 실질 보유 주식 수는 8,490.321주로 직접 보유된다고 기재되어 있습니다.
Travis Franklin, administrateur de Midland States Bancorp (MSBI), a signalé des opérations sur actions datées du 30 septembre 2025. Le formulaire 4 indique deux acquisitions d’équivalents d’actions ordinaires : 700,117 et 141,079 unités, toutes deux enregistrées comme des acquisitions. Ces équivalents d’actions ordinaires sont détenus dans le Directors Deferred Compensation Plan (DDCP) et représentent l’équivalent économique d’une action ordinaire, payable à la fin du mandat de directeur. La déclaration mentionne également des unités d’actions restreintes acquises dans le cadre du plan d’incitations à long terme de 2019 qui ont été différées dans le DDCP, et que certains équivalents d’actions ordinaires ont été reçus via la réinvestissement des dividendes et ont acquis une vesting complète à la date de la transaction. La propriété bénéficiaire totale du déclarant après les transactions reportées est indiquée comme 8 490,321 actions, détenues directement.
Travis Franklin, ein Direktor von Midland States Bancorp (MSBI), meldete am 30.09.2025 währende die Transaktionen bezüglich Aktien. Das Formular 4 weist zwei Erwerbungen von Stammaktienäquivalenten aus: 700,117 und 141,079 Einheiten, beide als Erwerbungen verbucht. Diese Stammaktienäquivalente werden unter dem Directors Deferred Compensation Plan (DDCP) gehalten und stellen das wirtschaftliche Äquivalent von einer Stammaktie dar, zahlbar bei Beendigung der Direktoren-Tätigkeit. Die Einreichung erwähnt auch Restricted Stock Units, die im Rahmen des 2019 Long-Term Incentive Plan erworben und ins DDCP defereirt wurden, und dass einige Stammaktienäquivalente durch Dividendene reinvestiert wurden und am Transaktionsdatum vollständig vestet waren. Die insgesamt beherrschende Eigentümerschaft der melderperson nach den berichteten Transaktionen wird mit 8.490,321 Aktien angegeben, direkt gehalten.
FAQ
What transactions did Travis Franklin report on Form 4 for MSBI?
How many shares does the Form 4 say Travis Franklin beneficially owned after the transactions?
Are the acquired units traditional shares or something else?
Did the Form 4 disclose any open-market purchases or sales?
What plans are referenced in the Form 4?
