Midland States Bancorp, Inc. — Form 10-Q
Filed July 30, 2026 · analyzed by the Periodic Agent
10-Q
— Neutral
significance 28/100
What the filing says
Claire Stack promoted from unknown prior role to Executive Vice President and Chief Financial Officer, effective May 3, 2026, reporting to CEO Jeff Ludwig. Compensation: $350,000 annual base salary, 40% bonus potential, equity grant equal to 50% base salary annually with four-year vesting, plus standard benefits (401k match, health insurance, 4 weeks vacation). One-time promotion equity grant subject to Board approval. Subject to one-year non-solicitation and non-compete restrictions.
Why this rating
Executive personnel change: routine C-suite promotion. No material business impact disclosed; compensation ~0.15% of $466.6M market cap.
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