Carlson Gerald Joseph 4
4 · Midland States Bancorp, Inc. · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Midland States (MSBI) Director Gerald Carlson Receives Awards
What Happened
Gerald Joseph Carlson, a director of Midland States Bancorp (MSBI), acquired two derivative awards on 2026-03-31: 146.573 restricted stock units (RSUs) at $22.97 each (valued at $3,367) and 672.344 common-share equivalents at $22.31 each (valued at $15,000). These are awards/grants (derivative instruments), not open-market purchases or sales.
Key Details
- Transaction date: 2026-03-31; Filing date: 2026-04-02 (filed within the typical two-business-day Form 4 window; no late filing indicated).
- Items received:
- 146.573 RSUs @ $22.97 — $3,367 (footnote F1).
- 672.344 common-share equivalents @ $22.31 — $15,000 (footnote F2).
- Total reported value: ~$18,367.
- Shares owned after the transaction: not specified in the provided filing summary.
- Notable footnotes:
- F1: RSUs granted under the 2019 Long-Term Incentive Plan and deferred under the Directors Deferred Compensation Plan (DDCP); vested shares will be delivered per DDCP and the director’s distribution elections.
- F2: Common-share equivalents from dividend reinvestment; these fully vested on the transaction date and become payable upon termination of service.
- F3: Describes other common-share equivalents already held in the DDCP (payable upon termination).
Context
These are awards/deferrals (derivative rights), not purchases on the open market. RSUs and common-share equivalents give the holder economic exposure to company stock and typically convert to actual shares or cash per plan rules and payout elections (often upon termination or specified distribution dates). Such awards are routine director compensation and do not by themselves signal a buy/sell decision.
Insider Transaction Report
- Award
Common Share Equivalent
[F1][F2][F3]2026-03-31$22.97/sh+146.573$3,367→ 10,667.767 total→ Common Stock (146.573 underlying) - Award
Common Share Equivalent
[F1][F3]2026-03-31$22.31/sh+672.344$15,000→ 11,340.111 total→ Common Stock (672.344 underlying)
- 4,000
Common Stock
Footnotes (3)
- [F1]Represents restricted stock units acquired by the reporting person under the 2019 Long-term incentive plan and deferred under the DDCP as of the date of this form. Each restricted stock unit is the contingent right to receive one share of Issuer common stock. Vested shares will be delivered to the reporting person based on the terms of the DDCP and the reporting persons distribution elections thereunder.
- [F2]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.
- [F3]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.