Midland States Bancorp (MSBI) credit chief adds 751 ESPP shares to holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Midland States Bancorp EVP and Chief Credit Officer Jeremy Andrew acquired 751 shares of common stock through the company’s Employee Stock Purchase Plan. The shares were purchased for $19.05 per share, and his direct holdings increased to 64,634 common shares following this routine ESPP transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Jameson Jeremy Andrew
Role
EVP - Chief Credit Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 751 | $19.05 | $14K |
Holdings After Transaction:
Common Stock — 64,634 shares (Direct)
Footnotes (1)
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Key Figures
Shares acquired: 751 shares
Acquisition price: $19.05 per share
Total holdings after transaction: 64,634 shares
3 metrics
Shares acquired
751 shares
Common stock acquired via ESPP on March 31, 2026
Acquisition price
$19.05 per share
Price used for ESPP purchase for the calendar quarter
Total holdings after transaction
64,634 shares
Direct ownership of Midland States Bancorp common stock
Key Terms
Employee Stock Purchase Plan, ESPP, Grant, award, or other acquisition
3 terms
Employee Stock Purchase Plan financial
"Represents shares acquired by the reporting person through contributions to the Employee Stock Purchase Plan of the Issuer (ESPP)."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
ESPP financial
"Pursuant to the ESPP, the price used for each quarterly purchase is the lower of 90% of the fair market..."
An Employee Stock Purchase Plan (ESPP) is a company program that lets employees buy the company’s shares at a reduced price, usually by setting aside a small portion of their pay over time. It matters to investors because it encourages employees to own part of the business—like giving staff a discounted membership— which can boost commitment and performance, while also potentially increasing the number of shares available and affecting shareholder value.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did MSBI executive Jeremy Andrew report?
Jeremy Andrew reported acquiring 751 shares of Midland States Bancorp common stock. The shares were obtained through the company’s Employee Stock Purchase Plan, reflecting a compensation-related acquisition rather than an open-market trade, and increased his direct ownership position in the stock.
Was the MSBI insider transaction an open-market purchase or an ESPP acquisition?
The transaction was an acquisition through Midland States Bancorp’s Employee Stock Purchase Plan, not an open-market purchase. Shares were bought via payroll contributions, at a plan-defined discount to market, as part of a routine quarterly ESPP purchase program.
What role does Jeremy Andrew hold at Midland States Bancorp (MSBI)?
Jeremy Andrew serves as Executive Vice President and Chief Credit Officer at Midland States Bancorp. His Form 4 filing reflects a compensation-related share acquisition through the Employee Stock Purchase Plan rather than discretionary buying or selling in the open market.
Midland States