Ramos Richard T 4

4 · Midland States Bancorp, Inc. · Filed Apr 2, 2026

AI-generated summary of this filing

Updated Apr 2, 2026

Midland States (MSBI) Director Richard Ramos Receives Award

What Happened

Richard T. Ramos, a director of Midland States Bancorp, acquired 705.277 common share equivalents (derivative securities) on March 31, 2026. The filing lists the acquisition as an award/grant (code A) at an imputed price of $22.97 per share equivalent, totaling $16,200. This was not an open‑market purchase but resulted from dividend reinvestment in the company's Deferred Directors’ Compensation Plan (DDCP).

Key Details

Transaction date and terms: 2026-03-31; 705.277 common share equivalents at $22.97 each; total value $16,200.
Transaction type: Award/Grant (code A) — common share equivalents (derivative).
Shares owned after transaction: Not specified in the provided filing.
Footnotes:
- F1 — Reporting person’s holdings are jointly owned with spouse.
- F2 — Each common share equivalent equals the economic equivalent of one common share.
- F3 — These equivalents were acquired via reinvestment of dividends in the DDCP, fully vested on the transaction date and payable upon termination of director service.
Filing timeliness: Form filed 2026-04-02; no late-filing indication is shown in the provided document.

Context

Common share equivalents in a DDCP represent economic exposure to shares but are typically payable later (here, upon termination of service). Dividend reinvestments and director deferred-compensation awards are routine and do not represent an immediate market purchase or sale of company stock.

Form 4

Period: 2026-03-31

Director

Transactions

Award
Common Share Equivalent
[F2][F3]
2026-03-31$22.97/sh+705.277$16,200→ 46,339.871 total
→ Common Stock (705.277 underlying)

Holdings

Footnotes (3)

[F1]Jointly owned with spouse.
[F2]Each common stock equivalent is the economic equivalent of one share of common stock.
[F3]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.

2 files