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Midland States Bancorp, Inc.·4

Jul 1, 12:28 PM ET

Franklin Travis 4

4 · Midland States Bancorp, Inc. · Filed Jul 1, 2026

Research Summary

AI-generated summary of this filing

Updated

Midland States (MSBI) Director Franklin Travis Receives Award

What Happened
Franklin Travis, a director of Midland States Bancorp (MSBI), was granted/acquired common share equivalents (derivative awards) under the Directors Deferred Compensation Plan on 2026-06-30. The filing reports two acquisitions: 119.22 share equivalents at $26.55 each (value $3,165) and 1,870.584 share equivalents at $31.14 each (value $58,250), for a total of 1,989.804 share equivalents valued at $61,415. These are acquisitions (awards) — not open-market purchases or sales.

Key Details

  • Transaction date(s): 2026-06-30 (reported on Form 4 filed 2026-07-01). Transaction code: A (award/acquisition). Filing appears timely.
  • Prices and values: 119.22 @ $26.55 = $3,165; 1,870.584 @ $31.14 = $58,250; total = 1,989.804 share equivalents valued at $61,415.
  • Instrument: Derivative — common share equivalents (not actual common shares) under the Directors Deferred Compensation Plan.
  • Shares owned after transaction: Not disclosed on this Form 4.
  • Footnotes: F1–F3 indicate these are common share equivalents (each equals the economic equivalent of one common share), payable upon termination of director service; F2 notes some equivalents were acquired via dividend reinvestment and vested immediately.

Context
These are deferred-compensation awards (common share equivalents) rather than immediate stock ownership. They generally become payable only when the director leaves service, so they do not represent tradable shares on the date granted. Such derivative awards are routine for board compensation and should be interpreted differently than open-market purchases or sales.

Insider Transaction Report

Form 4
Period: 2026-06-30
Midland States Bancorp, Inc.MSBI
Franklin Travis
Director
Transactions
  • Award

    Common Share Equivalent

    [F1][F2][F3]
    2026-06-30$26.55/sh+119.22$3,165→ 10,010.795 total
    Exercise: $22.65→ Common Stock (119.22 underlying)
  • Award

    Common Share Equivalent

    [F1][F3]
    2026-06-30$31.14/sh+1,870.584$58,250→ 11,881.379 total
    Exercise: $22.65→ Common Stock (1,870.584 underlying)
Holdings

  • Common Stock

    9,400
Footnotes (3)
  • [F1]Represents common share equivalents held pursuant to Directors Deferred Compensation Plan as of the date of this form. Each common share equivalent is the economic equivalent of one share of common stock. Common stock equivalents become payable upon the reporting persons termination of service as a director.
  • [F2]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.
  • [F3]Each common stock equivalent is the economic equivalent of one share of common stock.

Documents

2 files