Thomas Lynn Brown, a director of First Midwest Bancorp, just received 1,167 restricted shares from the company. The restricted shares don't become available to Brown until such time as they become vested. Brown now owns at least 1,167 restricted shares of the company.
Some additional info was provided as follows:
Shares of phantom stock acquired pursuant to the Nonqualified Deferred Compensation Plan have a 1-for-1 conversion ratio and are payable in cash upon distribution to the Participant in accordance with the terms of the Plan.
Between March 1, 2017 and April 17, 2017, the Reporting Person acquired 1,167 shares of First Midwest Bancorp, Inc. Common Stock under the First Midwest Bancorp, Inc. Non-Qualified Deferred Compensation Plan. The information in this
report is based on a plan statement dated April 13, 2017.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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