Bingham Richard Dean 4

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.