Midland States Bancorp (MSBI) director adds deferred stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Midland States Bancorp director Gerald Joseph Carlson reported equity awards rather than open-market trades. On March 31, 2026, he acquired 146.573 and 672.344 common share equivalents as grants under the 2019 long-term incentive plan and the Directors Deferred Compensation Plan (DDCP), including dividend reinvestments. Each unit represents the right to receive one share of common stock, generally payable after his service as a director ends. Following these awards, he holds 11,340.1105 common share equivalents in the DDCP and 4,000 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Carlson Gerald Joseph
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Share Equivalent | 146.573 | $22.97 | $3K |
| Grant/Award | Common Share Equivalent | 672.344 | $22.31 | $15K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Share Equivalent — 10,667.767 shares (Direct);
Common Stock — 4,000 shares (Direct)
Footnotes (1)
- Represents restricted stock units acquired by the reporting person under the 2019 Long-term incentive plan and deferred under the DDCP as of the date of this form. Each restricted stock unit is the contingent right to receive one share of Issuer common stock. Vested shares will be delivered to the reporting person based on the terms of the DDCP and the reporting persons distribution elections thereunder. 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 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.
Key Figures
RSU-equivalent grant: 146.573 common share equivalents
Dividend reinvestment units: 672.344 common share equivalents
Deferred units after awards: 11,340.1105 common share equivalents
+3 more
6 metrics
RSU-equivalent grant
146.573 common share equivalents
Grant/award acquisition on March 31, 2026 at $22.97 per unit
Dividend reinvestment units
672.344 common share equivalents
Grant/award acquisition on March 31, 2026 at $22.31 per unit
Deferred units after awards
11,340.1105 common share equivalents
Common share equivalents held in DDCP as of March 31, 2026
Direct common stock holding
4,000 shares
Common stock directly held after reported transactions
Grant reference price 1
$22.97 per share
Attributed price for 146.573 common share equivalents
Grant reference price 2
$22.31 per share
Attributed price for 672.344 common share equivalents
Key Terms
restricted stock units, 2019 Long-term incentive plan, Directors Deferred Compensation Plan, common share equivalents, +1 more
5 terms
restricted stock units financial
"Represents restricted stock units acquired by the reporting person under the 2019 Long-term incentive plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2019 Long-term incentive plan financial
"restricted stock units acquired by the reporting person under the 2019 Long-term incentive plan and deferred under the DDCP"
Directors Deferred Compensation Plan financial
"Represents common share equivalents held pursuant to Directors Deferred Compensation Plan as of the date of this form."
A directors deferred compensation plan lets a board member postpone receiving part or all of their cash fees or stock-based pay until a future date, often retirement, allowing taxes to be delayed and payouts to be structured over time. Investors care because these plans change a company’s future cash obligations and reveal how the board’s pay is aligned with long-term performance—like choosing to take a paycheck later to tie personal reward to the company’s future results.
DDCP financial
"deferred under the DDCP as of the date of this form. Each restricted stock unit is the contingent right"
