Midland States Bancorp (MSBI) director granted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Midland States Bancorp director Jeffrey M. McDonnell acquired 387.914 common share equivalents on March 31, 2026 through dividend reinvestment in the company’s deferred director compensation plan at $22.97 per unit. Each unit is economically equal to one common share, fully vested on grant, and payable when his board service ends.
After this award, he directly holds 18,777.8558 common share equivalents, restricted stock units representing 9,455.125 underlying common shares, and 1,987 common shares, plus 24,245 common shares held indirectly through a revocable trust, all subject to his pecuniary-interest beneficial ownership disclaimer.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
McDonnell Jeffrey M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Share Equivalents | 387.914 | $22.97 | $9K |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Share Equivalents — 18,777.856 shares (Direct);
Restricted Stock Unit — 9,455.125 shares (Direct);
Common Stock — 24,245 shares (Indirect, Jeffrey M. McDonnell Revocable Trust UA);
Common Stock — 1,987 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 Each common stock equivalent is the economic equivalent of one share of common stock. 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.
Key Figures
Common share equivalents granted: 387.9140 units
Grant reference price: $22.97 per unit
Common share equivalents held: 18,777.8558 units
+3 more
6 metrics
Common share equivalents granted
387.9140 units
Dividend reinvestment grant on March 31, 2026
Grant reference price
$22.97 per unit
Price per common share equivalent
Common share equivalents held
18,777.8558 units
Total direct common share equivalents after transaction
RSU underlying shares
9,455.1250 shares
Common stock underlying restricted stock units, direct
Indirect trust common shares
24,245.0000 shares
Common stock held via revocable trust associated with McDonnell
Direct common shares
1,987.0000 shares
Common stock held directly after transaction
Key Terms
common share equivalents, Deferred Director Compensation Plan, Restricted Stock Unit, revocable trust, +1 more
5 terms
Deferred Director Compensation Plan financial
"acquired by the reporting person in the DDCP pursuant to the reinvestment of dividends received during the quarter"
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.
revocable trust financial
""nature_of_ownership": "Jeffrey M. McDonnell Revocable Trust UA""
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
pecuniary interest financial
"disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein"
FAQ
What did MSBI director Jeffrey M. McDonnell report in this Form 4?
He reported acquiring 387.914 common share equivalents in Midland States Bancorp through dividend reinvestment at $22.97 each. These units fully vested on March 31, 2026 and are payable when his service as a director ends, reflecting routine compensation-related activity.
What other Midland States Bancorp equity holdings are reported for McDonnell?
He reports restricted stock units tied to 9,455.125 underlying common shares and 1,987 common shares held directly, plus 24,245 common shares held indirectly through a revocable trust. A footnote states he disclaims beneficial ownership beyond his pecuniary interest in these securities.
Midland States