Frank Blaise Modruson, a director of First Midwest Bancorp, recently acquired 527 shares of the company. The buys took place at $24.89 per share, on January 31, 2018. Modruson now owns 3,424 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 fourth 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
granted 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 October 11, 2017 and January 9, 2018, the Reporting Person acquired 12 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 January 9, 2018.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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