Michael C Spitler, Bank EVP of First Midwest Bancorp, recently acquired 2,136 shares of the company. The buys took place at prices ranging from $0.00 to $24.17 per share, on March 15, 2017. Spitler now owns 32,816 shares of the company. Spitler operates out of Itasca, IL. Some additional info was provided as follows:
Represents performance shares earned by the Reporting Person on March 15, 2017. The performance shares were granted by the Issuer to the Reporting Person under the Amended and Restated First Midwest Bancorp, Inc. Omnibus Stock and Incentive Plan on February 19, 2014, subject to a three year (2014-2016) performance period. Of the performance shares earned, 841 vested immediately and were paid in shares of First Midwest Bancorp, Inc. Common Stock. The rema
ining 1,680 earned performance shares represent the right to receive shares of First Midwest Bancorp, Inc. Common Stock upon satisfaction of a service-based vesting requirement and are scheduled to vest in two equal annual installments on March 15, 2018 and March 15, 2019.
Reflects the surrender of 385 shares of First Midwest Bancorp, Inc. Common Stock to satisfy the Reporting Person's tax withholding obligation in connection with the vesting of the first tranche of the earned performance shares described in note 1.
1,680 of these shares are restricted stock units / performance shares.
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:
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