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 12 restricted shares of the company.
Some additional info was provided as follows:
Shares of phantom stock acquired under the First Midwest Bancorp, Inc. Nonqualified Retirement Plan (the "Plan") represent shares of First Midwest Bancorp, Inc. common stock on a 1-for-1 basis and are payable in cash upon distribution to the Reporting Person in accordance with the terms of the Plan.
Between May 31, 2017 and June 9, 2017, the Reporting Person acquired 1 share of phantom stock through the bi-weekly employee contribution feature of the Plan. The informat
ion in this report is based on a Plan statement dated June 9, 2017.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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