DiMotta Jennifer 4
4 · Midland States Bancorp, Inc. · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Midland States (MSBI) Director Jennifer DiMotta Receives Award
What Happened
- Jennifer DiMotta, a director of Midland States Bancorp (MSBI), acquired 227.162 common stock equivalents on 2026-03-31 at an imputed price of $22.97 per share, with a reported value of $5,218. This was recorded as an award/acquisition (derivative) tied to the company's DDCP (deferred compensation plan).
Key Details
- Transaction date and price: 2026-03-31 at $22.97 per share (227.162 units, $5,218 total).
- Report filed: 2026-04-02 (appears to be filed within the normal Form 4 reporting window).
- Shares owned after transaction: not disclosed in this filing.
- Footnotes of note:
- F1: Each common stock equivalent equals the economic equivalent of one share of common stock.
- F2: These common share equivalents were acquired by reinvesting dividends within the DDCP, fully vested on the transaction date and payable upon termination of director service.
- Transaction type: Derivative award via dividend reinvestment (code A).
Context
- This transaction reflects a routine dividend reinvestment into common share equivalents held in a deferred compensation plan, rather than an open-market purchase of common shares. Such reinvestments are common and typically represent plan mechanics rather than an active buy/sell decision by the insider.
Insider Transaction Report
Form 4
DiMotta Jennifer
Director
Transactions
- Award
Common Share Equivalent
[F1][F2]2026-03-31$22.97/sh+227.162$5,218→ 11,195.255 total→ Common Stock (227.162 underlying)
Holdings
- 6,799
Common Stock
- 5,338
Restricted Stock Unit
[F1]→ Common Stock (5,338 underlying)
Footnotes (2)
- [F1]Each common stock equivalent is the economic equivalent of one share of common stock.
- [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.