Director McDaniel (MSBI) granted 544 common share equivalents
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Midland States Bancorp, Inc. director Jerry L. McDaniel reported receiving a grant of 544.005 common share equivalents on March 31, 2026 at $22.97 per share. These were acquired through dividend reinvestments in the Deferred Director Compensation Plan and are fully vested, becoming payable upon termination of his board service.
Following this transaction, he directly holds 37,532.7143 common share equivalents and 2,060 underlying shares through restricted stock units, plus 8,258 common shares directly and additional indirect holdings through a revocable trust and a family account, subject to a disclaimer of beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
McDaniel Jerry L.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Share Equivalent | 544.005 | $22.97 | $12K |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Depositary shares | -- | -- | -- |
Holdings After Transaction:
Common Share Equivalent — 37,532.714 shares (Direct);
Restricted Stock Unit — 2,060 shares (Direct);
Common Stock — 2,660 shares (Indirect, By Daughter);
Common Stock — 8,258 shares (Direct);
Depositary shares — 20,000 shares (Indirect, Jerry L McDaniel Revocable Trust)
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 RSU with Immediate vesting schedule 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. Represents restricted stock units acquired by the reports person under the 2019 Long-Term Incentive Plan and deferred under the DDCP on the grant date. Each restricted stock unit is the contingent right to receive one share of Issuer common stock. Restricted stock units will fully vest on March 31, 2020 and vested shares will be delivered to the reporting person based on the terms of the DDCP and the reporting persons distribution elections thereunder.
Key Figures
Common share equivalents granted: 544.005 units
Reference price per unit: $22.97 per share
Common share equivalents after transaction: 37,532.7143 units
+5 more
8 metrics
Common share equivalents granted
544.005 units
Dividend reinvestment on March 31, 2026
Reference price per unit
$22.97 per share
Value used for 544.005 common share equivalents
Common share equivalents after transaction
37,532.7143 units
Direct holdings following March 31, 2026 grant
RSU underlying shares
2,060 shares
Restricted stock units under 2019 Long-Term Incentive Plan
Direct common stock holdings
8,258 shares
Common Stock held directly as of March 31, 2026
Trust common stock holdings
89,283 shares
Common Stock held by revocable trust, indirect
Depositary share holdings
20,000 shares
Depositary shares held indirectly via revocable trust
Daughter’s common stock holdings
2,660 shares
Common Stock held indirectly through daughter
Key Terms
common share equivalents, Deferred Director Compensation Plan, Restricted Stock Unit, 2019 Long-Term Incentive Plan, +1 more
5 terms
Deferred Director Compensation Plan financial
"acquired by the reporting person in the DDCP pursuant to the reinvestment of dividends"
Restricted Stock Unit financial
"Represents restricted stock units acquired by the reports person under the 2019 Long-Term Incentive Plan"
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.
2019 Long-Term Incentive Plan financial
"restricted stock units acquired by the reports person under the 2019 Long-Term Incentive Plan"
pecuniary interest financial
"disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein"
FAQ
What did MSBI director Jerry L. McDaniel report in this Form 4?
He reported acquiring 544.005 common share equivalents of Midland States Bancorp on March 31, 2026. These units were received via dividend reinvestment in a deferred compensation plan and are fully vested, payable when his service as a director ends.
What restricted stock unit position did Jerry L. McDaniel report for MSBI?
He reported restricted stock units representing 2,060 underlying shares of Midland States Bancorp common stock. These RSUs were granted under the 2019 Long-Term Incentive Plan and deferred into the DDCP, each representing a contingent right to one common share.
What indirect MSBI holdings are associated with Jerry L. McDaniel?
He reported indirect ownership of 89,283 Midland States Bancorp common shares and 20,000 depositary shares through a revocable trust, plus 2,660 common shares held by his daughter. He disclaims beneficial ownership of these beyond his pecuniary interest.
Does this MSBI Form 4 show any insider stock sales by Jerry L. McDaniel?
No open-market sales are reported; the filing shows an acquisition of 544.005 common share equivalents and updated holding balances. Most entries are holdings or derivative positions rather than buy or sell transactions in the market.
Midland States