Form 4: Director Theodore Mowery Buys MPB Stock

Mid Penn Bancorp Director Theodore Mowery acquired 64 shares of common stock at $31.02 through a stock purchase plan, increasing his direct holdings.

Summary

• Director Theodore W. Mowery purchased 64 shares of Mid Penn Bancorp, Inc. common stock on December 31, 2025.
• The shares were acquired at a price of $31.02 per share through the Director Stock Purchase Plan.
• Following this transaction, Mr. Mowery directly owns 40,030.799 shares of common stock.
• He also indirectly holds 22,287.539 shares in an IRA and 250 shares through his spouse.
• Additionally, Mr. Mowery holds 1,945 shares of Mid Penn Bancorp, Inc. Common Restricted Stock, which vests 100% on the first anniversary of the grant date.

Sentiment

Score: 7

Explanation: The director's purchase of company stock, even a small amount, through a formal plan is a positive signal of confidence, though not a major event. It reinforces existing sentiment.

Positives

• The director's purchase of company stock indicates confidence in the company's future prospects.
• Participation in the Director Stock Purchase Plan aligns management's interests with shareholders.

Future Outlook

The restricted stock granted to Mr. Mowery is scheduled to vest 100% on the first anniversary of its grant date.

Management Comments

• Shares purchased through the Director Stock Purchase Plan.
• Balance includes shares acquired through the Dividend Reinvestment Plan.
• Shares granted in the form of restricted stock, which vests 100% on the first anniversary of the date of grant.

Industry Context

Insider buying, even in small amounts, can be seen as a positive signal in the banking sector, indicating management's belief in the company's stability and growth prospects amidst broader economic conditions. Such transactions are common for directors participating in company stock plans.

Comparison to Industry Standards

• Director stock purchase plans are a common corporate governance practice across the financial industry, including regional banks like MPB, to align executive interests with shareholder value.
• The acquisition of shares, while small in quantity, reflects a standard practice of directors increasing their stake, similar to actions seen at comparable regional banks such as Fulton Financial Corporation (FULT) or Orrstown Financial Services (ORRF).

Related Party Transactions

• Director Theodore W. Mowery, a related party, purchased 64 shares of common stock through the Director Stock Purchase Plan.

Stakeholder Impact

• Shareholders: The director's purchase may be viewed positively as it signals confidence in the company's future, potentially bolstering investor sentiment.

Next Steps

• The restricted stock is expected to vest 100% on the first anniversary of its grant date.

Key Dates

Recommendation

While the director's purchase is a positive signal of confidence, the transaction size is relatively small and appears to be a routine acquisition through a pre-established plan. It does not present new information significant enough to warrant a change from a 'hold' position, but rather reinforces existing sentiment.

Keywords

Mid Penn Bancorp, MPB, Theodore Mowery, Director Stock Purchase, Insider Buying, Form 4, Common Stock, Restricted Stock, Dividend Reinvestment Plan