Midland States (MSBI) Director Gerald Carlson Receives Award

What Happened Gerald J. Carlson, a director of Midland States Bancorp (MSBI), was credited with two derivative awards on 2026-09-30: 132.51 restricted stock units (RSUs) valued at $33.38 each (≈ $4,423) and 466.418 common share equivalents valued at $32.16 each (≈ $15,000). Both entries are coded as acquisition/award (A) and represent compensation or reinvested dividends rather than an open-market purchase.

Key Details

• Transaction date: 2026-09-30; Filing date: 2026-10-01 (filed timely).
• Awards: 132.51 RSUs @ $33.38 (≈ $4,423) and 466.418 common share equivalents @ $32.16 (≈ $15,000); total ≈ $19,423.
• Transaction code: A (award/grant/acquisition of derivative securities).
• Shares owned after transaction: not specified in the provided filing data.
• Footnotes:
  • F1: RSUs were granted under the 2019 Long-Term Incentive Plan and deferred under the Directors Deferred Compensation Plan (DDCP); each RSU vests into one share per DDCP terms and the director’s distribution elections.
  • F2: The 466.418 amount reflects common share equivalents acquired via dividend reinvestment; these fully vested on the transaction date and are payable upon termination of director service.
  • F3: Indicates common share equivalents held in the DDCP (economic equivalents to shares) that become payable upon termination.

Context These transactions are compensation-related (awards and dividend reinvestments) and do not represent a market purchase or sale. Derivative awards like RSUs and share equivalents typically convert to actual shares per plan rules or become payable when the director leaves service; they should be viewed as compensation rather than a direct buy signal.