Jeffrey Ludwig compensation by year
Midland States Bancorp Summary Compensation Table · all 10 fiscal years held| Component | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Salary | $395,025 | $405,288 | $472,000 | $572,000 | $572,000 | $572,000 | $700,000 | $721,000 | $749,800 | $749,800 |
| Bonus | $0 | $0 | $50,000 | $0 | $0 | $0 | $0 | — | $0 | $0 |
| Stock awards | $101,380 | $216,092 | $306,796 | $372,536 | $194,419 | $372,512 | $262,494 | $540,782 | $562,276 | $562,322 |
| Option awards | $22,635 | $0 | $0 | $0 | $0 | $0 | $257,050 | — | $0 | $0 |
| Non-equity incentive | $197,671 | $182,380 | $181,248 | $392,621 | $241,670 | $615,143 | $535,816 | $348,731 | $130,233 | $194,956 |
| Pension and deferred compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | $0 | $0 |
| All other | $17,646 | $17,982 | $18,200 | $16,903 | $19,239 | $21,519 | $22,373 | $23,272 | $23,934 | $25,163 |
| Total | $734,357 | $821,742 | $1,028,244 | $1,354,060 | $1,027,328 | $1,581,174 | $1,777,733 | $1,633,785 | $1,466,243 | $1,532,241 |
Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: Midland States Bancorp, Inc. DEF 14A filed March 23, 2026, accession 0001104659-26-033298, and prior-year filings. Open the filing on EDGAR.
How this page was built: the Midland States Bancorp, Inc. filed document, accession 0001104659-26-033298. Every figure is read from that document and cited to the page and table it appears in. Filed March 23, 2026.
Equity holdings
unvested awards at FY2025 year-end| Type | Unvested units | Value at year-end | Exercise price |
|---|---|---|---|
| RSU | 38,410 | $813,139 | — |
| RSU | 15,082 | $319,285 | — |
| RSU | 11,685 | $247,371 | — |
| RSU | 2,308 | $48,860 | — |
| Option | 13,073 | — | $28.43 |
Per the Outstanding Equity Awards at Fiscal Year-End table in Midland States Bancorp, Inc.'s FY2025 proxy; value at the fiscal year-end close, as the company printed it.
Insider transactions since the last proxy
8 Form 4 lines since the FY2025 proxy (filed March 23, 2026)current to 2026-11-07 · updated nightly
| Date | Transaction | Plan | Shares | Price | Held after |
|---|---|---|---|---|---|
| 2026-11-03 | Tax withholding | — | 2,814 | $33.22 | 402,620.43 |
| 2026-11-02 | Grant or award | — | 5,140 | $32.81 | 405,434.43 |
| 2026-10-31 | Tax withholding | — | 677 | $32.81 | 400,294.43 |
| 2026-07-28 | Sale | — | 8,383 | $34.00 | 400,971.43 |
| 2026-07-28 | Exercise or conversion | — | 8,383 | $28.59 | 409,354.43 |
| 2026-07-28 | Exercise or conversion derivative | — | 8,383 | $0.00 | 0 |
| 2026-03-31 | Grant or award | — | 909 | $19.05 | 400,568.43 |
| 2026-03-31 | Grant or award | — | 1,312 | $19.05 | 400,971.43 |
The 8 most recent of 8 lines, each as reported on the Form 4. "10b5-1" marks a trade the filing reports under a pre-arranged trading plan. View every Form 4 filing on EDGAR →
Midland States Bancorp’s named executive officers, FY2025
as the company reported each| Named executive officer | Role | FY2025 total |
|---|---|---|
| Jeffrey Ludwig · this page | President and Chief Executive Officer | $1,532,241 |
| Jeremy Jameson | Executive Vice President and Chief Credit Officer | $1,427,826 |
| Jeffrey Mefford | Executive Vice President and President of the Bank | $1,015,835 |
| Eric Lemke | Senior Vice President and Chief Financial Officer | $742,205 |
| Daniel Casey | Executive Vice President and Chief Risk Officer | $564,269 |
Board service
Midland States Bancorp board · FY2022–FY2025How this board is paid
Company policy: Midland States Bancorp pays directors a $40,000 cash retainer and $45,000 in RSUs. As stated in Midland States Bancorp's FY2025 proxy.
The full Midland States Bancorp compensation record
free company briefThis page is one person within Midland States Bancorp's record. The company brief lists every named executive, each linking to their own page.
Peer companies
named in the Midland States Bancorp proxy · each links to its own free briefCompensation, the day it’s disclosed
The CompBrief Daily Digest lists the newest executive and director compensation disclosures as companies file them. Or order Midland States Bancorp's full Executive Compensation Report with peer benchmarking.
How this record is built
Every figure on this page is one figure from a public SEC filing, printed as the filing states it and cited to the document. Compensation totals are Midland States Bancorp's own disclosed totals, not summed by Velarion. Insider transactions are read from Form 4 filings and cover every line filed since the most recent proxy. Nothing is estimated by Velarion; where the company does not disclose a value the cell reads "—", and a section appears only where the company discloses the data. Corrections: records@velarion.ai.
Order MSBI
Add the email the receipt and the PDF go to, then press the report you want. Each button opens its own card payment on Stripe.