[Form 4] Midland States Bancorp, Inc. Insider Trading Activity
Richard Dean Bingham, a director of Midland States Bancorp (MSBI), reported multiple transactions dated 09/30/2025. The filing shows a disposition of 22,700 shares of common stock and a disposition of 4,000 IRA Series A preferred depositary shares. The report also records indirect holdings of common stock through the Directors Deferred Compensation Plan (DDCP) totaling 42,554 and 1,000 common stock equivalents (disclaimed except for pecuniary interest). On the same date the reporting person acquired common share equivalents and restricted stock units: 541.3798 common share equivalents at an economic value reflected by $17.35, 918.903 common share equivalents at $17.14, and 9,879.106 restricted stock units (each RSU converts to one common share). The DDCP holdings are payable upon termination of director service. The form is signed 10/01/2025.
Richard Dean Bingham, amministratore di Midland States Bancorp (MSBI), ha riportato diverse transazioni datate 30/09/2025. La dichiarazione mostra una cessione di 22.700 azioni ordinarie e una cessione di 4.000 azioni privilegiate depositarie IRA Series A. Il rapporto registra anche possedimenti indiretti di azioni ordinarie tramite il Directors Deferred Compensation Plan (DDCP) per un totale di 42.554 e 1.000 equivalenti di azioni ordinarie (non dichiarati se non per interessi pecuniari). Nella stessa data la persona che segnala ha acquisito equivalenti di azioni ordinarie e unità azionarie vincolate: 541,3798 equivalenti di azioni ordinarie a un valore economico riflesso di $17,35, 918,903 equivalenti di azioni ordinarie a $17,14 e 9.879,106 unità azionarie vincolate (ogni RSU si converte in una azione ordinaria).
Le partecipazioni DDCP sono pagabili al termine della funzione di direttore. Il modulo è firmato il 01/10/2025.
Richard Dean Bingham, director de Midland States Bancorp (MSBI), reportó varias transacciones con fecha 30/09/2025. La declaración muestra una disposición de 22.700 acciones ordinarias y una disposición de 4.000 acciones preferentes depositarias de IRA Series A. El informe también registra tenencias indirectas de acciones comunes a través del Directors Deferred Compensation Plan (DDCP) por un total de 42.554 y 1.000 equivalentes en acciones comunes (renunciados salvo interés pecuniario). En la misma fecha, la persona que reporta adquirió equivalentes en acciones y unidades de acciones restringidas: 541,3798 equivalentes en acciones comunes valuados en $17,35, 918,903 equivalentes en acciones comunes a $17,14, y 9.879,106 unidades de acciones restringidas (cada RSU se convierte en una acción común). Las participaciones del DDCP se pagarán al terminar la función como director. El formulario está firmado el 01/10/2025.
리처드 딘 빙엄(Richard Dean Bingham), Midland States Bancorp(MSBI)의 이사, 2025년 9월 30일자로 여러 거래를 보고했습니다. 공시는 일반주식 22,700주의 처분과 IRA 시리즈 A 예치주식 4,000주의 처분을 보여줍니다. 보고서는 또한 Directors Deferred Compensation Plan(DDCP)을 통해 42,554주의 일반주 보유 및 1,000주의 일반주 등가물을 간접 보유하고 있음을 기록합니다(금전적 이해를 제외하고 포기). 같은 날짜에 보고자은 일반주 등가물과 제한주식단위(RSU)를 취득했습니다: 541.3798의 일반주 등가물은 17.35달러의 경제적 가치로, 918.903의 일반주 등가물은 17.14달러로, 그리고 9,879.106의 제한주식단위(RSU)는 각 RSU가 일반주로 전환됩니다. DDCP 보유분은 이사 종료 시에 지급됩니다. 양식은 2025년 10월 1일 서명되었습니다.
Richard Dean Bingham, administrateur de Midland States Bancorp (MSBI), a signalé plusieurs opérations datées du 30/09/2025. Le dépôt montre une cession de 22 700 actions ordinaires et une cession de 4 000 actions privilégiées dépositaies IRA Series A. Le rapport recense également des détentions indirectes d’actions ordinaires via le Directors Deferred Compensation Plan (DDCP) totalisant 42 554 et 1 000 actions ordinaires équivalentes (non déclarées sauf intérêt pécuniaire). À la même date, la personne déclarant a acquis des équivalents d’actions ordinaires et des unités d’actions restreintes : 541,3798 équivalents d’actions ordinaires à une valeur économique reflétée de 17,35 $, 918,903 équivalents d’actions ordinaires à 17,14 $, et 9 879,106 unités d’actions restreintes (chaque RSU se convertit en une action ordinaire). Les avoirs DDCP seront payables à la fin du mandat du directeur. Le formulaire est signé le 01/10/2025.
Richard Dean Bingham, Direktor der Midland States Bancorp (MSBI), hat mehrere Transaktionen mit Datum 30.09.2025 gemeldet. Die Einreichung zeigt eine Veräußerung von 22.700 Stammaktien und eine Veräußerung von 4.000 IRA Series A depositary shares. Der Bericht führt auch indirekte Bestände von Stammaktien über den Directors Deferred Compensation Plan (DDCP) in Höhe von 42.554 und 1.000 Stammaktienäquivalenten auf (abgesehen von finanziellen Interessen nicht erklärt). Am selben Datum erwarb die meldende Person Stammaktienäquivalente und Restricted Stock Units: 541,3798 Stammaktienäquivalente mit einem wirtschaftlichen Wert von $17,35, 918,903 Stammaktienäquivalente zu $17,14 und 9.879,106 Restricted Stock Units (jede RSU wandelt sich in eine Stammaktie um). Die DDCP-Beteiligungen sind bei Beendigung des Direktorenamts auszahlbar. Das Formular ist am 01.10.2025 unterschrieben.
ريتشارد دين بنغهام، مدير في Midland States Bancorp (MSBI)، أبلغ عن عدة معاملات بتاريخ 30/09/2025. تُظهر الإيداع تصرفًا في 22,700 سهماً عاديًا وتصرفًا في 4,000 سهماً نقدياً من IRA Series A، كما يسجل التقرير ملكيات غير مباشرة لأسهم عادية من خلال خطة تعويضات المدير المؤجلة (DDCP) بإجمالي 42,554 و 1,000 مكافئ أسهم عادية (تم التنصل منها باستثناء المصلحة المالية). في نفس التاريخ قام الشخص المبلغ بإكتساب مكافئات أسهم عادية ووحدات أسهم مقيدة: 541.3798 مكافئ أسهم عادية بقيمة اقتصادية تعكس 17.35 دولار، 918.903 مكافئ أسهم عادية بسعر 17.14 دولار، و 9,879.106 وحدات أسهم مقيدة (كل RSU تتحول إلى سهم عادي واحد). تشمل ممتلكات DDCP مستحقات الدفع عند إنهاء خدمة المدير. تم توقيع النموذج في 01/10/2025.
理查德·迪恩·宾厄姆（Richard Dean Bingham），为Midland States Bancorp（MSBI）的董事，报告了日期为2025-09-30的多笔交易。 申报显示处置<变粗>22,700股普通股和处置<变粗>4,000股IRA Series A存托凭股。报告还记录了通过董事延期薪酬计划（DDCP）对普通股的间接持有，总计<变粗>42,554和<变粗>1,000股普通股等价物（除金钱利益外，均不披露）。在同一天，申报人获得普通股等价物及限制性股票单位：541.3798股普通股等价物，经济价值为$17.35；918.903股普通股等价物，$17.14；以及9,879.106单位限制性股票单位（每单位RSU可转为一股普通股）。DDCP持有将于董事任期结束时支付。表格签署日期为2025-10-01。
- Use of DDCP and RSUs increases alignment of director compensation with shareholder value by converting awards into common-equivalent units payable on termination.
- Detailed explanatory notes clarify nature of holdings and disclaimers, improving transparency of the report.
- Disposition of 22,700 common shares and 4,000 preferred depositary shares reduces the director’s immediate share ownership in the company.
- Significant portion of reported holdings are indirect or deferred, which may limit immediate insider alignment compared with outright share ownership.
Insights
TL;DR: Director sold common and preferred shares while increasing deferred compensation exposure via common share equivalents and RSUs.
The filing indicates a net shift in the reporting person's exposure: an outright disposition of 22,700 common shares and 4,000 preferred depositary shares contrasted with acquisitions of director deferred compensation instruments and restricted stock units totaling approximately 11,339 common-equivalent units (541.3798 + 918.903 + 9,879.106 equals reported instruments but note the RSU figure dominates). These deferred instruments are governed by the DDCP and are economic equivalents payable on termination of service, not immediate share issuances. For investors, this is a routine director-level reallocation between liquid holdings and deferred, compensation-linked equity exposure; it does not indicate a change to company operations or financials.
TL;DR: Transactions reflect compensation plan mechanics rather than unusual insider trading behavior.
The report’s explanatory notes clarify that certain reported amounts are common share equivalents under the Directors Deferred Compensation Plan and that the reporting person disclaims beneficial ownership except for pecuniary interest. The combination of dividend reinvestment into DDCP and conversion/deferral of long-term incentive awards into common-equivalent units is consistent with standard director compensation practices. Signatures dated 10/01/2025 and the explicit disclaimers align with typical Section 16 reporting; there is no disclosure here of accelerated vesting, pledging, or external transfers that would raise governance concerns.
Richard Dean Bingham, amministratore di Midland States Bancorp (MSBI), ha riportato diverse transazioni datate 30/09/2025. La dichiarazione mostra una cessione di 22.700 azioni ordinarie e una cessione di 4.000 azioni privilegiate depositarie IRA Series A. Il rapporto registra anche possedimenti indiretti di azioni ordinarie tramite il Directors Deferred Compensation Plan (DDCP) per un totale di 42.554 e 1.000 equivalenti di azioni ordinarie (non dichiarati se non per interessi pecuniari). Nella stessa data la persona che segnala ha acquisito equivalenti di azioni ordinarie e unità azionarie vincolate: 541,3798 equivalenti di azioni ordinarie a un valore economico riflesso di $17,35, 918,903 equivalenti di azioni ordinarie a $17,14 e 9.879,106 unità azionarie vincolate (ogni RSU si converte in una azione ordinaria).
Le partecipazioni DDCP sono pagabili al termine della funzione di direttore. Il modulo è firmato il 01/10/2025.
Richard Dean Bingham, director de Midland States Bancorp (MSBI), reportó varias transacciones con fecha 30/09/2025. La declaración muestra una disposición de 22.700 acciones ordinarias y una disposición de 4.000 acciones preferentes depositarias de IRA Series A. El informe también registra tenencias indirectas de acciones comunes a través del Directors Deferred Compensation Plan (DDCP) por un total de 42.554 y 1.000 equivalentes en acciones comunes (renunciados salvo interés pecuniario). En la misma fecha, la persona que reporta adquirió equivalentes en acciones y unidades de acciones restringidas: 541,3798 equivalentes en acciones comunes valuados en $17,35, 918,903 equivalentes en acciones comunes a $17,14, y 9.879,106 unidades de acciones restringidas (cada RSU se convierte en una acción común). Las participaciones del DDCP se pagarán al terminar la función como director. El formulario está firmado el 01/10/2025.
리처드 딘 빙엄(Richard Dean Bingham), Midland States Bancorp(MSBI)의 이사, 2025년 9월 30일자로 여러 거래를 보고했습니다. 공시는 일반주식 22,700주의 처분과 IRA 시리즈 A 예치주식 4,000주의 처분을 보여줍니다. 보고서는 또한 Directors Deferred Compensation Plan(DDCP)을 통해 42,554주의 일반주 보유 및 1,000주의 일반주 등가물을 간접 보유하고 있음을 기록합니다(금전적 이해를 제외하고 포기). 같은 날짜에 보고자은 일반주 등가물과 제한주식단위(RSU)를 취득했습니다: 541.3798의 일반주 등가물은 17.35달러의 경제적 가치로, 918.903의 일반주 등가물은 17.14달러로, 그리고 9,879.106의 제한주식단위(RSU)는 각 RSU가 일반주로 전환됩니다. DDCP 보유분은 이사 종료 시에 지급됩니다. 양식은 2025년 10월 1일 서명되었습니다.
Richard Dean Bingham, administrateur de Midland States Bancorp (MSBI), a signalé plusieurs opérations datées du 30/09/2025. Le dépôt montre une cession de 22 700 actions ordinaires et une cession de 4 000 actions privilégiées dépositaies IRA Series A. Le rapport recense également des détentions indirectes d’actions ordinaires via le Directors Deferred Compensation Plan (DDCP) totalisant 42 554 et 1 000 actions ordinaires équivalentes (non déclarées sauf intérêt pécuniaire). À la même date, la personne déclarant a acquis des équivalents d’actions ordinaires et des unités d’actions restreintes : 541,3798 équivalents d’actions ordinaires à une valeur économique reflétée de 17,35 $, 918,903 équivalents d’actions ordinaires à 17,14 $, et 9 879,106 unités d’actions restreintes (chaque RSU se convertit en une action ordinaire). Les avoirs DDCP seront payables à la fin du mandat du directeur. Le formulaire est signé le 01/10/2025.
Richard Dean Bingham, Direktor der Midland States Bancorp (MSBI), hat mehrere Transaktionen mit Datum 30.09.2025 gemeldet. Die Einreichung zeigt eine Veräußerung von 22.700 Stammaktien und eine Veräußerung von 4.000 IRA Series A depositary shares. Der Bericht führt auch indirekte Bestände von Stammaktien über den Directors Deferred Compensation Plan (DDCP) in Höhe von 42.554 und 1.000 Stammaktienäquivalenten auf (abgesehen von finanziellen Interessen nicht erklärt). Am selben Datum erwarb die meldende Person Stammaktienäquivalente und Restricted Stock Units: 541,3798 Stammaktienäquivalente mit einem wirtschaftlichen Wert von $17,35, 918,903 Stammaktienäquivalente zu $17,14 und 9.879,106 Restricted Stock Units (jede RSU wandelt sich in eine Stammaktie um). Die DDCP-Beteiligungen sind bei Beendigung des Direktorenamts auszahlbar. Das Formular ist am 01.10.2025 unterschrieben.
FAQ
What did MSBI director R. Dean Bingham report on Form 4 dated 09/30/2025?
Are the common share equivalents payable immediately for MSBI (MSBI)?
What prices are shown for the acquired common share equivalents in the MSBI Form 4?
Do the filings indicate beneficial ownership disclaimers for MSBI director holdings?
When was the Form 4 signed for MSBI insider activity?
