Midland States (MSBI) director awarded shares and common share equivalents

Rhea-AI Filing Summary

Midland States Bancorp director Jerry L. McDaniel reported new equity awards and updated holdings as of June 30, 2026. He received 1,445 shares of common stock as a grant or award at $31.14 per share, described as an annual director stock award with immediate vesting.

He also acquired 477.208 common share equivalents at $26.00 each through dividend reinvestment in a deferred compensation plan, which fully vested on the transaction date and become payable upon termination of service as a director. Following these awards, his direct holdings include 9,703 shares of common stock, 2,060 restricted stock units linked to common stock, and 38,009.9223 common share equivalents, while additional shares are held indirectly through a revocable trust and by a daughter, with beneficial ownership disclaimed except to the extent of his pecuniary interest.

Insider Trade Summary

6 transactions reported

Mixed 6 txns

Insider McDaniel Jerry L.

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Share Equivalent	477.208	$26.00	$12K
Grant/Award	Common Stock	1,445	$31.14	$45K
holding	Restricted Stock Unit	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Depositary shares	--	--	--

Holdings After Transaction: Common Share Equivalent — 38,009.922 shares (Direct, null); Common Stock — 9,703 shares (Direct, null); Restricted Stock Unit — 2,060 shares (Direct, null); Common Stock — 2,660 shares (Indirect, By Daughter); Depositary shares — 20,000 shares (Indirect, Jerry L McDaniel Revocable Trust)

Footnotes (1)

1. RSU with Immediate vesting schedule Annual Director Stock Award with immediate 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 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. Represents restricted stock units acquired by the reports person under the 2019 Long-Term Incentive Plan and deferred under the DDCP on the grant date. Each restricted stock unit is the contingent right to receive one share of Issuer common stock. Restricted stock units will fully vest on March 31, 2020 and vested shares will be delivered to the reporting person based on the terms of the DDCP and the reporting persons distribution elections thereunder.

Key Figures

Common stock grant: 1,445 shares at $31.14 Common share equivalents acquired: 477.208 units at $26.00 Direct common shares after award: 9,703 shares +5 more

8 metrics

Common stock grant 1,445 shares at $31.14 Annual director stock award on June 30, 2026

Common share equivalents acquired 477.208 units at $26.00 Dividend reinvestment in DDCP on June 30, 2026

Direct common shares after award 9,703 shares Direct ownership as of June 30, 2026

Common share equivalents after award 38,009.9223 units Deferred compensation plan balance as of June 30, 2026

Restricted stock units outstanding 2,060 units RSUs linked to common stock, direct ownership

Trust-held common shares 89,283 shares Held by Jerry L McDaniel Revocable Trust, indirect

Trust-held depositary shares 20,000 shares Held by Jerry L McDaniel Revocable Trust, indirect

Daughter-held common shares 2,660 shares Indirect holdings attributed to daughter

Key Terms

Depositary shares, Restricted Stock Unit, common share equivalents, DDCP, +2 more

6 terms

Depositary shares financial

"security_title: "Depositary shares" with 20,000.0000 held indirectly by a revocable trust"

Depositary shares are tradable certificates that represent a fractional piece of a larger security held by a third-party bank, like owning a slice of a single big pie instead of the whole pie. They let companies issue and investors buy smaller, more affordable portions of preferred stock or other instruments; holders usually receive proportional dividends and market pricing similar to ordinary shares, but may have limited voting rights and different liquidity or tax implications, which can affect income and resale value.

Restricted Stock Unit financial

"security_title: "Restricted Stock Unit" with 2,060.0000 underlying common shares, direct ownership"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

common share equivalents financial

"Represents common share equivalents acquired in the DDCP pursuant to the reinvestment of dividends received during the quarter"

DDCP financial

"acquired by the reporting person in the DDCP pursuant to the reinvestment of dividends received during the quarter"

2019 Long-Term Incentive Plan financial

"Represents restricted stock units acquired by the reporting person under the 2019 Long-Term Incentive Plan and deferred under the DDCP"

pecuniary interest financial

"The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/01/2026 - 12:28 PM Accepted by SEC EDGAR 07/01/2026 - 12:27 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

McDaniel Jerry L.

(Last) (First) (Middle)

1201 NETWORK CENTRE DR.

(Street)

EFFINGHAM ILLINOIS 62401

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Midland States Bancorp, Inc. [ MSBI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock(1)	06/30/2026		A		1,445	A(2)	$31.14	9,703	D
Common Stock								2,660(3)	I	By Daughter
Common Stock								89,283	I	Jerry L McDaniel Revocable Trust
Depositary shares								20,000	I	Jerry L McDaniel Revocable Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Common Share Equivalent	(4)	06/30/2026		A		477.208		(4)	(4)	Common Stock	477.208	$26(5)	38,009.9223	D
Restricted Stock Unit	(6)							(6)	(6)	Common Stock	2,060		2,060	D

Explanation of Responses:

1. RSU with Immediate vesting schedule

2. Annual Director Stock Award with immediate vesting schedule.

3. 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

4. Each common stock equivalent is the economic equivalent of one share of common stock.

5. 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.

6. Represents restricted stock units acquired by the reports person under the 2019 Long-Term Incentive Plan and deferred under the DDCP on the grant date. Each restricted stock unit is the contingent right to receive one share of Issuer common stock. Restricted stock units will fully vest on March 31, 2020 and vested shares will be delivered to the reporting person based on the terms of the DDCP and the reporting persons distribution elections thereunder.

Remarks:

	/s/McDaniel Jerry L	07/01/2026
	/s/Nathan D. Sturycz, attorney-in-fact	07/01/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Midland States Bancorp (MSBI) director Jerry L. McDaniel acquire in this Form 4?

Director Jerry L. McDaniel received 1,445 shares of Midland States Bancorp common stock as a grant at $31.14 per share. He also acquired 477.208 common share equivalents at $26.00 each through dividend reinvestment in a deferred compensation plan, both fully vested on the transaction date.

How many Midland States Bancorp common shares does Jerry L. McDaniel hold directly after this filing?

After the reported awards, Jerry L. McDaniel directly holds 9,703 shares of Midland States Bancorp common stock. This figure reflects his direct ownership position as updated on June 30, 2026, excluding indirect holdings through trusts or family members noted elsewhere in the report.

What are the indirect holdings reported for Jerry L. McDaniel in Midland States Bancorp (MSBI)?

Indirectly, 20,000 depositary shares and 89,283 common shares are held by the Jerry L McDaniel Revocable Trust, and 2,660 common shares are held by his daughter. The report states he disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.

What are common share equivalents in Jerry L. McDaniel’s Midland States Bancorp filing?

Each common share equivalent is the economic equivalent of one share of Midland States Bancorp common stock. These equivalents in the deferred compensation plan arise from reinvested dividends and become payable when McDaniel’s service as a director ends, according to the described plan terms.

What restricted stock units does Jerry L. McDaniel hold in Midland States Bancorp (MSBI)?

McDaniel holds 2,060 restricted stock units tied to Midland States Bancorp common stock. Each unit represents a contingent right to receive one share of common stock, with vesting and delivery governed by the company’s long-term incentive plan and his distribution elections.