Bingham Richard Dean 4

What Happened

• Richard Bingham, a director of Midland States Bancorp (MSBI), acquired two grants of common share equivalents on 2026-06-30. He received 393.1 units at $26.55 each (value $10,437) and 1,445 units at $31.14 each (value $44,997), for a total of 1,838.1 common share equivalents valued at about $55,434. These transactions are reported as awards/acquisitions (derivative instruments) rather than open-market purchases.

Key Details

• Transaction date: 2026-06-30 (filed 2026-07-01). Transaction code: A (award/grant).
• Prices and values: 393.1 @ $26.55 = $10,437; 1,445 @ $31.14 = $44,997; total ≈ $55,434.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnotes: Reporting person disclaims beneficial ownership except for pecuniary interest (F1). Grants represent common share equivalents under the Directors Deferred Compensation Plan (DDCP) (F2, F4). Some equivalents were acquired via dividend reinvestment during the quarter and vested on the transaction date (F3).
• Filing timeliness: No late filing indicated (filed the day after the reported transactions).

Context

• These are common share equivalents under a deferred compensation plan — economic equivalents to shares that become payable (convertible to cash or stock per plan rules) when the director leaves service. They are derivative awards, not immediate open-market purchases, and typically reflect compensation or reinvestment rather than a direct trading signal.