Midland States (MSBI) director granted common share equivalents via plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Midland States Bancorp director Richard Dean Bingham reported a small equity award under a deferred compensation plan. On March 31, 2026, he acquired 448.124 common share equivalents at $22.97 each through dividend reinvestment in the Directors Deferred Compensation Plan. Each common share equivalent is economically equal to one share of common stock and becomes payable when his service as a director ends. After this grant, he holds 22,735.8203 common share equivalents in the plan, alongside 9,879.106 underlying common shares from restricted stock units, direct and indirect common stock positions, and 4,000 Series A Preferred Depositary Shares. He disclaims beneficial ownership of some reported securities beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Bingham Richard Dean
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Share Equivalent | 448.124 | $22.97 | $10K |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Series A Preferred Depositary Shares | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Share Equivalent — 22,735.82 shares (Direct);
Restricted Stock Unit — 9,879.106 shares (Direct);
Common Stock — 27,700 shares (Direct);
Common Stock — 1,000 shares (Indirect, IRA);
Series A Preferred Depositary Shares — 4,000 shares (Direct)
Footnotes (1)
- The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose 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. 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. Each common stock equivalent is the economic equivalent of one share of common stock.
Key Figures
Common share equivalents granted: 448.124 units
Grant reference price: $22.97 per unit
Common share equivalents after grant: 22,735.8203 units
+5 more
8 metrics
Common share equivalents granted
448.124 units
Dividend reinvestment grant on March 31, 2026
Grant reference price
$22.97 per unit
Economic value per common share equivalent
Common share equivalents after grant
22,735.8203 units
Directors Deferred Compensation Plan balance
Underlying shares from RSUs
9,879.106 shares
Restricted Stock Unit underlying common stock, direct
Direct common stock holding
27,700 shares
Directly held Midland States common stock
IRA common stock holding
1,000 shares
Indirect ownership via IRA
Indirect Agracel, Inc. holding
42,554 shares
Common stock held indirectly through Agracel, Inc.
Series A Preferred Depositary Shares
4,000 shares
Directly held preferred depositary shares
Key Terms
Directors Deferred Compensation Plan, common share equivalents, Restricted Stock Unit, pecuniary interest, +2 more
6 terms
Directors Deferred Compensation Plan financial
"Represents common share equivalents held pursuant to Directors Deferred Compensation Plan as of the date of this form."
Restricted Stock Unit financial
"security_title": "Restricted Stock Unit""
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
pecuniary interest financial
"disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein"
beneficial ownership financial
"shall not be deemed an admission of beneficial ownership of all of the reported shares"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What did Midland States Bancorp (MSBI) director Richard Bingham report in this Form 4?
Richard Bingham reported an equity-related acquisition under a compensation plan. He received 448.124 common share equivalents via dividend reinvestment in the Directors Deferred Compensation Plan, each economically equal to one Midland States Bancorp common share and payable when his board service ends.
What MSBI equity and derivative holdings does Richard Bingham report after this transaction?
After the transaction, he reports 22,735.8203 common share equivalents in the plan, 9,879.106 underlying common shares from restricted stock units, 27,700 directly held common shares, 1,000 common shares in an IRA, 42,554 indirect common shares via Agracel, Inc., and 4,000 Series A Preferred Depositary Shares.
Does Richard Bingham claim full beneficial ownership of all reported Midland States Bancorp (MSBI) securities?
He expressly disclaims beneficial ownership of certain reported securities beyond his pecuniary interest. The footnote states the inclusion of these shares should not be considered an admission of full beneficial ownership for Section 16 or for any other legal purpose.
Midland States