Ramos Richard T 4

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.