Midland States (MSBI) director gets DDCP common share equivalents
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Schultz Robert F. reported acquisition or exercise transactions in this Form 4 filing.
Midland States Bancorp, Inc. director Robert F. Schultz received 1,611.713 and 7.620 common share equivalents on March 31, 2026 through dividend reinvestment in the company’s Deferred Directors Compensation Plan. Each common share equivalent is the economic equivalent of one share of common stock and the reinvested amounts fully vested on that date.
Following these awards, he directly holds 108,163.184 common share equivalents in the plan, 9,146 restricted stock units tied to common stock, and additional direct and indirect common stock positions held through personal, IRA, trust, and investment LLC accounts, with certain indirect holdings reported subject to a pecuniary interest disclaimer.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Schultz Robert F.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Share Equivalent | 7.62 | $22.31 | $170.00 |
| Grant/Award | Common Share Equivalent | 1,611.713 | $22.97 | $37K |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common stock | -- | -- | -- |
Holdings After Transaction:
Common Share Equivalent — 106,551.471 shares (Direct);
Restricted Stock Unit — 9,146 shares (Direct);
Common Stock — 34,715 shares (Direct);
Common Stock — 30,153 shares (Indirect, Red Bird Investors, LLC);
Common stock — 200,030 shares (Indirect, J.M. Schultz Investment, LLC)
Footnotes (1)
- Includes holdings through a self-directed IRA or revocable grantor trust 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 acquired: 1,611.713 units
Additional common share equivalents acquired: 7.620 units
DDCP common share equivalents holding: 108,163.184 units
+5 more
8 metrics
Common share equivalents acquired
1,611.713 units
Dividend reinvestment in DDCP on March 31, 2026
Additional common share equivalents acquired
7.620 units
Dividend reinvestment in DDCP on March 31, 2026
DDCP common share equivalents holding
108,163.184 units
Total common share equivalents directly held after transactions
Restricted stock units
9,146 units
Restricted stock units underlying common stock held directly
Direct common stock holding
34,715 shares
Common stock held directly as of March 31, 2026
Indirect holding via Red Bird Investors, LLC
30,153 shares
Common stock held indirectly through Red Bird Investors, LLC
Indirect holding via Summit Investors, LLP
37,845.688 shares
Common stock held indirectly through Summit Investors, LLP
Indirect holding via J.M. Schultz Investment, LLC
200,030 shares
Common stock held indirectly through J.M. Schultz Investment, LLC
Key Terms
Deferred Directors Compensation Plan, common share equivalent, Restricted Stock Unit, self-directed IRA, +2 more
6 terms
Deferred Directors Compensation Plan financial
"Represents common share equivalents acquired by the reporting person in the DDCP pursuant to the reinvestment of dividends"
Restricted Stock Unit financial
"Restricted Stock Unit underlying 9,146.0000 shares of Common Stock held directly"
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.
self-directed IRA financial
"Includes holdings through a self-directed IRA or revocable grantor trust"
revocable grantor trust financial
"Includes holdings through a self-directed IRA or revocable grantor trust"
pecuniary interest financial
"disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein"
FAQ
What insider activity did Midland States Bancorp (MSBI) report for Robert F. Schultz?
Midland States Bancorp reported that director Robert F. Schultz received common share equivalents on March 31, 2026, via dividend reinvestment in the Deferred Directors Compensation Plan. These awards are fully vested and represent additional economic exposure to the company’s common stock rather than open-market purchases.
What are Robert F. Schultz’s holdings after the reported MSBI Form 4 transactions?
After the reported transactions, Robert F. Schultz holds 108,163.184 common share equivalents in the Deferred Directors Compensation Plan and 9,146 restricted stock units tied to common stock. He also reports direct and indirect common stock holdings through personal, IRA, trust, and investment LLC accounts, with some interests subject to a pecuniary interest disclaimer.
Midland States