Midland States director reinvests dividends
The dividend-reinvested equivalents become payable upon termination of Schultz’s service as a director.
Sentiment and the balance of points
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Rhea-AI Filing Summary
Midland States Bancorp, Inc. director Robert F. Schultz acquired 1,188.066 and 5.286 common share equivalents on September 30, 2026. The 1,188.066-equivalent acquisition represents dividend reinvestments in the DDCP. Each common share equivalent is the economic equivalent of one common share.
As of September 30, 2026, Schultz reported 34,715 common shares held directly, including holdings through a self-directed IRA or revocable grantor trust, and 9,146 common shares underlying restricted stock units. Indirect common-stock holdings were reported through Red Bird Investors, LLC (30,153 shares), Summit Investors, LLP (37,846 shares), and J.M. Schultz Investment, LLC (200,030 shares). Schultz disclaimed beneficial ownership of those securities except to the extent of his pecuniary interest.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Share Equivalent F3, F4 | 1,188.066 | $33.38 | $40K |
| Grant/Award | Common Share Equivalent F3 | 5.286 | $32.16 | $170.00 |
| holding | Restricted Stock Unit F3 | -- | -- | -- |
| holding | Common Stock F1 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common stock F2 | -- | -- | -- |
Footnotes (4)
- F1. Includes holdings through a self-directed IRA or revocable grantor trust
- F2. 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
- F3. Each common stock equivalent is the economic equivalent of one share of common stock.
- F4. 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
Key Terms
DDCP financial
Restricted Stock Unit financial
pecuniary interest financial
reinvestment of dividends financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did MSBI director Robert F. Schultz acquire?
When can Schultz’s dividend-reinvested MSBI equivalents be paid?
AI-generated analysis. How Rhea-AI works. Not financial advice.
