Midland States Bancorp (MSBI) director adds RSUs and deferred common share equivalents
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bingham Richard Dean reported acquisition or exercise transactions in this Form 4 filing.
Midland States Bancorp director Richard Dean Bingham reported new equity-based awards and updated his holdings. He received 1,445 Restricted Stock Units tied to Midland States Bancorp common stock and 393.1 common share equivalents credited under the company’s Directors Deferred Compensation Plan through dividend reinvestment.
After these awards, Bingham holds Midland States Bancorp securities in several forms, including common stock held directly and indirectly through an entity named Agracel, Inc. and an IRA, 4,000 Series A Preferred Depositary Shares, and increased balances of RSUs and deferred common share equivalents that are economically equivalent to common stock and generally become payable when his board service ends.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Bingham Richard Dean
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Share Equivalent | 393.1 | $26.55 | $10K |
| Grant/Award | Restricted Stock Unit | 1,445 | $31.14 | $45K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Series A Preferred Depositary Shares | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Share Equivalent — 23,128.92 shares (Direct, null);
Restricted Stock Unit — 11,324.106 shares (Direct, null);
Common Stock — 27,700 shares (Direct, null);
Common Stock — 1,000 shares (Indirect, IRA);
Series A Preferred Depositary Shares — 4,000 shares (Direct, null)
Footnotes (1)
- 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 Represents common share equivalents held pursuant to Directors Deferred Compensation Plan as of the date of this form. Each common share equivalent is the economic equivalent of one share of common stock. Common stock equivalents become payable upon the reporting persons termination of service as a director. 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. Each common stock equivalent is the economic equivalent of one share of common stock.
Key Figures
RSU grant: 1,445 units at $31.14
RSUs after grant: 11,324.106 units
New common share equivalents: 393.1 units at $26.55
+5 more
8 metrics
RSU grant
1,445 units at $31.14
Restricted Stock Unit grant on common stock
RSUs after grant
11,324.106 units
Total Restricted Stock Units following transaction
New common share equivalents
393.1 units at $26.55
Dividend reinvestment award in DDCP
Common share equivalents after
23,128.9203 units
Total DDCP common share equivalents post-transaction
Direct common stock
27,700 shares
Common Stock held directly following transaction
Indirect common via Agracel, Inc.
42,554 shares
Common Stock held indirectly through Agracel, Inc.
Indirect IRA common stock
1,000 shares
Common Stock held indirectly in IRA
Series A Preferred Depositary Shares
4,000 shares
Preferred depositary shares held directly
Key Terms
Restricted Stock Unit, common share equivalents, Directors Deferred Compensation Plan, Series A Preferred Depositary Shares, +1 more
5 terms
Restricted Stock Unit financial
"The filing shows a grant of 1,445 Restricted Stock Units tied to common stock."
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.
Directors Deferred Compensation Plan financial
"Represents common share equivalents held pursuant to Directors Deferred Compensation Plan as of the date of this form."
A directors deferred compensation plan lets a board member postpone receiving part or all of their cash fees or stock-based pay until a future date, often retirement, allowing taxes to be delayed and payouts to be structured over time. Investors care because these plans change a company’s future cash obligations and reveal how the board’s pay is aligned with long-term performance—like choosing to take a paycheck later to tie personal reward to the company’s future results.
pecuniary interest financial
"The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest therein."
FAQ
What did Midland States Bancorp (MSBI) director Richard Dean Bingham acquire in this Form 4?
Director Richard Dean Bingham acquired 1,445 Restricted Stock Units and 393.1 common share equivalents tied to Midland States Bancorp common stock. These awards are compensation-related grants and dividend reinvestments, increasing his equity-based interest without any reported open-market stock purchases or sales.
How many Midland States Bancorp RSUs does Richard Dean Bingham hold after this filing?
After the reported grant, Richard Dean Bingham holds 11,324.106 Restricted Stock Units in total. Each RSU represents the right to receive one share of Midland States Bancorp common stock, generally delivered in the future subject to the company’s award terms and his continued service.
How does Richard Dean Bingham hold Midland States Bancorp common stock directly and indirectly?
Bingham reports direct and indirect holdings of Midland States Bancorp common stock, including shares held personally, through an IRA, and through an entity named Agracel, Inc. A footnote states he disclaims beneficial ownership of some indirectly held shares beyond his pecuniary interest.