Franklin Travis 4

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.