Ramos Richard T 4

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.