Frank Blaise Modruson, a director of First Midwest Bancorp, recently acquired 553 shares of the company. The buys took place at $22.59 per share, on July 27, 2017. Modruson now owns 2,247 shares of the company. Modruson operates out of Itasca, IL. Some additional info was provided as follows:
Award of stock granted pursuant to the Amended and Restated First Midwest Bancorp, Inc. Non-Employee Director Stock Plan. This award represents the second payment for 2017 of the equity portion of the Reporting Person's annual director compensation, which is paid in equal installments on a quarterly basis and may be paid, at the Reporting Person's option, in cash or stock. The number of shares represented by this award was determined by dividing the dollar value of the award gra
nted to the Reporting Person by the price shown, which is the average high and low sale price of one share of the Issuer's Common Stock on the date of grant.
Between May 2, 2017 and July 11, 2017, the Reporting Person acquired 7 shares of First Midwest Bancorp, Inc. common stock pursuant to the First Midwest Bancorp, Inc. Dividend Reinvestment Plan. The information in this report is based upon a statement dated July 11, 2017.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
To receive a free e-mail notification whenever First Midwest Bancorp makes a similar move, sign up!
Other recent filings from the company include the following:
First Midwest Bancorp director just disposed of 3,500 shares - Sept. 18, 2017
EVP of First Midwest Bancorp was just granted 7 restricted shares - Sept. 18, 2017
Report of proposed sale of securities - Sept. 15, 2017
EVP of First Midwest Bancorp was just granted 7 restricted shares - Sept. 5, 2017