Paul F Clemens, First Midwest Bancorp's Executive Vice President, recently acquired 7,329 shares of the company. The buys took place at $24.75 per share, on February 22, 2017. Clemens now owns 89,764 shares of the company. Clemens operates out of Itasca, IL. Some additional info was provided as follows:
Long Term Incentive Compensation restricted stock units granted pursuant to the Amended and Restated First Midwest Bancorp, Inc. Omnibus Stock and Incentive Plan. Each restricted stock unit represents the right to receive one share of the Issuer's Common Stock on the vesting date (less any shares withheld in satisfaction of tax withholding obligations).
The number of restricted stock units represented by this award was determined by dividing the dollar value of the aw
ard granted to the Reporting Person by $24.75 (the average high and low sale price of one share of the Issuer's Common Stock on the date of grant). This award will vest in two equal installments, specifically on the second and third anniversaries of the date of grant.
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:
Chairman of First Midwest Bancorp just picked up 17,031 shares - Feb. 23, 2018
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