Midland States (MSBI) Director Franklin Travis Receives Stock Award

What Happened

• Franklin Travis, a director of Midland States Bancorp, received two grants of common share equivalents (derivative awards) under the company's Directors Deferred Compensation Plan on 2026-09-30. The grants were: 117.461 share equivalents at $33.38 each (value $3,921) and 412.002 share equivalents at $32.16 each (value $13,250), for a combined ~529.463 share equivalents valued at $17,171.
• These were awards (transaction code A), not open-market purchases or sales. They increase Travis’s deferred compensation holdings rather than represent immediately transferable common stock.

Key Details

• Transaction date: 2026-09-30; Form 4 filed: 2026-10-01 (filed one business day after the transaction, which appears timely).
• Grant details:
  • 117.461 share equivalents @ $33.38 = $3,921
  • 412.002 share equivalents @ $32.16 = $13,250
  • Total ≈ 529.463 share equivalents = $17,171
• Shares owned after transaction: Not disclosed on the filing.
• Footnotes: F1/F2 state these are common share equivalents under the Directors Deferred Compensation Plan. Each equivalent equals the economic value of one common share and becomes payable upon the reporting person’s termination of service as a director — they are derivative/economic equivalents, not current tradable shares.

Context

• These awards are deferred compensation, not a market purchase; they do not indicate an immediate buy or sell decision and typically reflect routine director compensation.
• For retail investors, awards like this are informational about insider compensation but are not as strong a signal of insider sentiment as open-market purchases.