First Midwest Bancorp's President & CEO just disposed of 15,507 shares

Michael L Scudder, First Midwest Bancorp's President & CEO and a director of the company, recently disposed of 15,507 shares of the company. The disposals took place at $24.54 per share, on dates ranging from February 18 to February 19, 2017. Scudder still owns 305,419 shares of the company. Scudder operates out of Itasca, IL. Some additional info was provided as follows:

On February 18, 2015 the Issuer granted the Reporting Person a Restricted Stock Award (RSA) of 38,817 restricted shares of First Midwest Bancorp, Inc. Common Stock under the First Midwest Bancorp, Inc. Omnibus Stock and Incentive Plan which were scheduled to vest in two equal annual installments on the second and third anniversary of the date of grant. On February 18, 2017, 19,409 shares of the orig inally granted RSAs vested, of which 8,845 shares were surrendered by the Reporting Person in order to satisfy tax withholding obligations. This form is being filed to reflect the surrender of such shares to satisfy the Reporting Person's tax withholding obligation. On February 19, 2014 the Issuer granted the Reporting Person a Restricted Stock Award (RSA) of 29,155 restricted shares of First Midwest Bancorp, Inc. Common Stock under the First Midwest Bancorp, Inc. Omnibus Stock and Incentive Plan which were scheduled to vest in two equal annual installments on the second and third anniversary of the date of grant. On February 19, 2017, the remaining 14,577 shares of the originally granted RSAs vested, of which 6,662 shares were surrendered by the Reporting Person in order to satisfy tax withholding obligations. This form is being filed to reflect the surrender of such shares to satisfy the Reporting Person's tax withholding obligation.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the following:

Departure of Directors or Certain - May 17, 2018
First Midwest Bancorp Just Filed Its Quarterly Report: EARNINGS PER COMMON ... - May 7, 2018
Bank EVP of First Midwest Bancorp just disposed of 10,000 shares - May 4, 2018
First Midwest Bancorp director just picked up 530 shares - April 30, 2018
First Midwest Bancorp director just picked up 530 shares - April 30, 2018

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