First Midwest Bancorp director was just granted 546 restricted shares

Arsdell Stephen Van, a director of First Midwest Bancorp, just received 546 restricted shares from the company. The restricted shares don't become available to Van until such time as they become vested. Van now owns at least 2,844 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 January 13, 2018 and April 16, 2018, the Reporting Person acquired 546 shares of First Midwest Bancorp, Inc. Common Stock under the First Midwest Bancorp, Inc. Non-Qualified Deferred Compensation Plan. The information in this rep ort is based on a plan statement dated April 16, 2018. Between January 10, 2018 and April 10, 2018, the Reporting Person acquired 10 shares of First Midwest Bancorp, Inc. Common Stock pursuant to the Dividend Reinvestment feature under the First Midwest Bancorp, Inc. Non-Qualified Deferred Compensation Plan. The information in this report is based on a plan statement dated April 10, 2018.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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