Jo Ann Boylan, EVP of First Midwest Bancorp, just received 1 restricted shares from the company. The restricted shares don't become available to Boylan until such time as they become vested. Boylan now owns at least 10 restricted shares of the company.
Some additional info was provided as follows:
Shares of phantom stock acquired under the Nonqualified Retirement 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 May 3, 2017 and May 16, 2017, the Reporting Person acquired 1 share of First Midwest Bancorp, Inc. common stock under the First Midwest Bancorp, Inc. Non-Qualified Retirement Plan through the bi-weekly employee contribution feature of the Plan. The informati
on in this report is based on a Plan statement dated May 12, 2017.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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