Midland States (MSBI) CEO amends Form 4 to correct ESPP stock purchase
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Midland States Bancorp, Inc. president and CEO Jeffrey G. Ludwig reported an amended insider transaction reflecting a corrected share amount acquired through the company’s Employee Stock Purchase Plan. He received 1,312 shares of common stock at $19.05 per share for the calendar quarter.
After this grant/award acquisition, his directly held common stock position increased to 400,971.432 shares. The amendment states the original report inadvertently showed an incorrect share amount, while all other information related to this plan-based acquisition remains unchanged.
Positive
- None.
Negative
- None.
Insights
Routine ESPP correction and small CEO share acquisition.
The filing shows CEO Jeffrey G. Ludwig acquired 1,312 shares of Midland States Bancorp common stock at $19.05 per share through the Employee Stock Purchase Plan. This is classified as a grant/award acquisition, not an open-market purchase.
The amendment’s purpose is to correct the number of ESPP shares previously reported, with all other details unchanged. Following this correction, Ludwig directly holds 400,971.432 shares, indicating the transaction is small relative to his total stake and appears to be routine plan participation.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ludwig Jeffrey G.
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,312 | $19.05 | $25K |
Holdings After Transaction:
Common Stock — 400,971.432 shares (Direct)
Footnotes (1)
- This Form is being filed to correct the number of shares reported as acquired under the issuer's Employee Stock Purchase Plan. The original filing inadvertently reported an incorrect share amount. All other information remains unchanged Represents shares acquired by the reporting person through contributions to the Employee Stock Purchase Plan of the Issuer (ESPP). for the calendar quarter. Pursuant to the ESPP, the price used for each quarterly purchase is the lower of 90% of the fair market of the Issuers shares on the first day of the calendar quarter or the closing price of the shares on the last day of the quarter.
Key Figures
ESPP shares acquired: 1,312 shares
ESPP purchase price: $19.05 per share
Shares held after transaction: 400,971.432 shares
+3 more
6 metrics
ESPP shares acquired
1,312 shares
Common stock acquired on 2026-03-31 under ESPP
ESPP purchase price
$19.05 per share
Price used for the quarterly ESPP purchase
Shares held after transaction
400,971.432 shares
Direct common stock ownership after ESPP acquisition
Acquire transactions in filing
1 acquisition
Transaction summary acquireCount
Reported buy transactions
0 buys
Transaction summary buyCount
Reported sell transactions
0 sells
Transaction summary sellCount
Key Terms
Employee Stock Purchase Plan, ESPP, grant/award acquisition, Form 4/A
4 terms
Employee Stock Purchase Plan financial
"Represents shares acquired by the reporting person through contributions to the Employee Stock Purchase Plan of the Issuer (ESPP)."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
ESPP financial
"Pursuant to the ESPP, the price used for each quarterly purchase is the lower of 90% of the fair market..."
An Employee Stock Purchase Plan (ESPP) is a company program that lets employees buy the company’s shares at a reduced price, usually by setting aside a small portion of their pay over time. It matters to investors because it encourages employees to own part of the business—like giving staff a discounted membership— which can boost commitment and performance, while also potentially increasing the number of shares available and affecting shareholder value.
grant/award acquisition financial
"transaction_action: "grant/award acquisition""
Form 4/A regulatory
"This Form is being filed to correct the number of shares reported as acquired..."
Form 4/A is an amended filing that corrects or updates an earlier Form 4, the mandatory report that insiders (like company executives, directors, or large shareholders) must file when their ownership stakes change. Think of it as an edited receipt showing who bought or sold stock and when; investors use it to track insider confidence, detect potential conflicts, and spot trading patterns that might signal future company prospects.
FAQ
What insider transaction did MSBI CEO Jeffrey G. Ludwig report in this Form 4/A?
Jeffrey G. Ludwig reported an amended acquisition of 1,312 shares of Midland States Bancorp common stock. The shares were obtained through the company’s Employee Stock Purchase Plan for the calendar quarter, with the amendment correcting an earlier, incorrectly reported share amount.
Why was this Midland States Bancorp Form 4/A filed as an amendment?
The Form 4/A was filed to correct the number of shares previously reported as acquired under the Employee Stock Purchase Plan. The company notes the original filing inadvertently listed an incorrect share amount, while all other information remains unchanged.
What is the nature of the MSBI CEO’s transaction under the Employee Stock Purchase Plan?
The transaction is a grant/award acquisition coded “A,” categorized as an acquisition rather than an open-market trade. The shares were accumulated through contributions to Midland States Bancorp’s Employee Stock Purchase Plan for the quarter, following the plan’s established pricing formula.