Carlson Gerald Joseph 4

What Happened Gerald Joseph Carlson, a director of Midland States Bancorp, received derivative awards/allocations on 2026-06-30: 136.68 restricted stock units valued at $26.55 each (≈ $3,629) and 1,926.782 common-share equivalents valued at $31.14 each (≈ $60,000), for a combined value of about $63,629. These were recorded as acquisitions (award/grant), not open-market purchases or sales.

Key Details

• Transaction dates and prices:
  • 2026-06-30: 136.68 RSUs @ $26.55 each = $3,629 (Footnote F1)
  • 2026-06-30: 1,926.782 common-share equivalents @ $31.14 each = $60,000 (Footnote F2)
• Filing: Report filed 2026-07-01 (covers transactions through 2026-06-30).
• Shares owned after transaction: Not specified in the filing.
• Notable footnotes:
  • F1: RSUs granted under the 2019 Long-Term Incentive Plan and deferred under the Directors Deferred Compensation Plan (DDCP); each RSU converts to one share when vested and delivered per DDCP/distribution elections.
  • F2: Common-share equivalents from dividend reinvestment; these fully vested on the transaction date and become payable upon termination of director service.
  • F3: Indicates common-share equivalents held under the DDCP are economic equivalents of one share and payable upon termination.
• No sale, options exercise, or 10b5-1 plan mentioned.

Context These entries are derivative awards and deferred compensation adjustments (awarded/allocated, not open-market buying), which are typical for director compensation and vesting/dividend reinvestment mechanics. Such awards do not by themselves indicate the director bought or sold company stock on the open market.