Ramos Richard T 4
4 · Midland States Bancorp, Inc. · Filed Jul 1, 2026
Research Summary
AI-generated summary of this filing
Midland States (MSBI) Director Richard Ramos Receives Stock Award
What Happened Richard T. Ramos, a director of Midland States Bancorp (MSBI), received two awards on 2026-06-30: 1,445 shares granted at $31.14 each (value $44,997) and 618.678 common share equivalents credited at $26.55 each (value $16,426). Combined, the awards equal 2,063.678 shares/common-share-equivalents with an approximate total value of $61,423. These were grants/awards (not open-market purchases or sales), and the director award vests immediately per the filing.
Key Details
- Transaction dates: 2026-06-30; filing date: 2026-07-01 (filed the next day; appears timely).
- Grants: 1,445 shares @ $31.14 = $44,997 (Award A); 618.678 common share equivalents @ $26.55 = $16,426 (Derivative A).
- Total: 2,063.678 shares/common-share-equivalents; total value ≈ $61,423.
- Shares owned after transaction: not disclosed in the provided excerpt of the filing.
- Footnotes of note:
- F1: Annual director stock award with immediate vesting.
- F2: Some holdings are jointly owned with spouse.
- F3: Each common stock equivalent equals the economic equivalent of one common share.
- F4: The 618.678 units were received in the Deferred Director Compensation Plan (DDCP) via dividend reinvestment; these equivalents vested on the transaction date but are payable upon termination of director service.
- Transaction type code: A = Award/Grant.
Context These transactions are routine director compensation and are awards rather than purchases or sales; the derivative units in the DDCP represent economic equivalents of shares (not necessarily immediately-issued common stock) and are governed by plan payout rules. No indications of option exercises, open-market trades, or gifts are present in this filing.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-06-30$31.14/sh+1,445$44,997→ 21,548 total - Award
Common Share Equivalent
[F3][F4]2026-06-30$26.55/sh+618.678$16,426→ 46,958.549 total→ Common Stock (618.678 underlying)
- 4,990
Restricted Stock Unit
[F3]→ Common Stock (4,990 underlying)
Footnotes (4)
- [F1]Annual Director Stock Award with immediate vesting schedule.
- [F2]Jointly owned with spouse.
- [F3]Each common stock equivalent is the economic equivalent of one share of common stock.
- [F4]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.