Midland States (MSBI) director awarded common share equivalents
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Midland States Bancorp director Robert F. Schultz reported routine equity-based compensation activity. He acquired 1,450.546 common share equivalents at $31.14 and 1,413.908 common share equivalents at $26.55, both credited under a deferred director compensation plan through dividend reinvestment.
After these grants, Schultz directly holds 34,715 shares of common stock, 9,146 restricted stock units tied to common stock, and 111,027.638 common share equivalents, which are economically equivalent to common shares and become payable upon termination of service as a director. He also reports indirect common stock holdings through J.M. Schultz Investment, LLC, Summit Investors, LLP and Red Bird Investors, LLC, while disclaiming beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Schultz Robert F.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Share Equivalent | 1,413.908 | $26.55 | $38K |
| Grant/Award | Common Share Equivalent | 1,450.546 | $31.14 | $45K |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common stock | -- | -- | -- |
Holdings After Transaction:
Common Share Equivalent — 109,577.092 shares (Direct, null);
Restricted Stock Unit — 9,146 shares (Direct, null);
Common Stock — 34,715 shares (Direct, null);
Common Stock — 30,153 shares (Indirect, Red Bird Investors, LLC);
Common stock — 200,030 shares (Indirect, J.M. Schultz Investment, LLC)
Footnotes (1)
- Includes holdings through a self-directed IRA or revocable grantor trust 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.
Key Figures
Common share equivalents acquired: 1,450.546 units
Common share equivalents acquired: 1,413.908 units
Common share equivalents after grants: 111,027.638 units
+5 more
8 metrics
Common share equivalents acquired
1,450.546 units
Credited at $31.14 per unit on common stock equivalents
Common share equivalents acquired
1,413.908 units
Credited at $26.55 per unit on common stock equivalents
Common share equivalents after grants
111,027.638 units
Deferred director compensation plan balance after transactions
Direct common stock
34,715 shares
Directly held Midland States Bancorp common stock
Restricted stock units
9,146 units
RSUs referencing Midland States Bancorp common stock
Indirect common stock (J.M. Schultz Investment, LLC)
200,030 shares
Indirect ownership via J.M. Schultz Investment, LLC
Indirect common stock (Summit Investors, LLP)
37,845.688 shares
Indirect ownership via Summit Investors, LLP
Indirect common stock (Red Bird Investors, LLC)
30,153 shares
Indirect ownership via Red Bird Investors, LLC
Key Terms
Restricted Stock Unit, common share equivalents, DDCP, self-directed IRA, +2 more
6 terms
Restricted Stock Unit financial
"Restricted Stock Unit referencing common stock with 9,146.0000 underlying shares"
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.
DDCP financial
"Represents common share equivalents acquired by the reporting person in the DDCP pursuant to the reinvestment of dividends"
self-directed IRA financial
"Includes holdings through a self-directed IRA or revocable grantor trust"
revocable grantor trust financial
"Includes holdings through a self-directed IRA or revocable grantor trust"
pecuniary interest financial
"The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein"
FAQ
What did Midland States Bancorp (MSBI) director Robert F. Schultz report on this Form 4?
Director Robert F. Schultz reported updated equity holdings, including new common share equivalents granted under a deferred compensation plan. The filing details direct and indirect common stock ownership, restricted stock units, and deferred common share equivalents tied to Midland States Bancorp stock.
What are Robert F. Schultz’s direct equity holdings in Midland States Bancorp (MSBI)?
Schultz directly holds 34,715 shares of Midland States Bancorp common stock, 9,146 restricted stock units referencing common stock, and 111,027.638 common share equivalents. The common share equivalents become payable when his service as a director ends, according to the filing footnotes.