Bingham Richard Dean 4
4 · Midland States Bancorp, Inc. · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Midland States (MSBI) Director Richard Bingham Receives Award of 448 Shares
What Happened Richard Dean Bingham, a director of Midland States Bancorp, was granted 448.124 common share equivalents (reported as a derivative award) on 2026-03-31. The award is reported at an acquisition price of $22.97 per share, for a reported value of $10,293. This filing reports an award/grant (transaction code A), an acquisition of deferred compensation rather than an open-market stock purchase.
Key Details
- Transaction date: 2026-03-31; filing date: 2026-04-02 (filed timely).
- Reported terms: 448.124 common share equivalents @ $22.97 each; total reported value $10,293.
- Shares owned after transaction: Not specified in this Form 4.
- Footnotes:
- F1: Reporting person disclaims beneficial ownership except to extent of pecuniary interest.
- F2–F4: These are common share equivalents held under the Directors Deferred Compensation Plan (DDCP); each equivalent equals one share and becomes payable upon termination of director service. F3 notes some equivalents were from reinvested dividends and those reinvestments vested on the transaction date.
- Transaction type: Award/Grant of deferred stock equivalents (derivative), not an immediate issuance of tradable common stock.
Context Common share equivalents under a deferred compensation plan are economic rights that convert to cash or stock upon a trigger (here, termination of director service). They differ from an immediate share purchase or sale and do not necessarily indicate near-term buying or selling intent in the open market.
Insider Transaction Report
- Award
Common Share Equivalent
[F2][F3]2026-03-31$22.97/sh+448.124$10,293→ 22,735.82 total→ Common stock (448.124 underlying)
- 27,700
Common Stock
- 1,000(indirect: By IRA)
Common Stock
[F1] - 4,000
Series A Preferred Depositary Shares
- 42,554(indirect: Agracel, Inc)
Common Stock
[F1] - 9,879.106
Restricted Stock Unit
[F4]→ Common Stock (9,879.106 underlying)
Footnotes (4)
- [F1]The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose
- [F2]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.
- [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.
- [F4]Each common stock equivalent is the economic equivalent of one share of common stock.