Form 4: Mid Penn Bancorp CEO Rory Ritrievi Reports Acquisition of Restricted Stock

Rory Ritrievi, President and CEO of Mid Penn Bancorp, reports the acquisition of 10,000 shares of restricted stock on April 1, 2025.

Summary

• On April 1, 2025, Rory G. Ritrievi, President and CEO of Mid Penn Bancorp Inc., acquired 10,000 shares of Mid Penn Bancorp, Inc. Common Restricted Stock.
• These shares were granted as restricted stock and will vest ratably over four years.
• Following the transaction, Ritrievi directly owns 36,749 shares of restricted stock and 50,498.209 shares of common stock.
• Ritrievi also indirectly owns 10,779.529 shares of common stock through an IRA.
• The direct holdings include shares acquired through the Dividend Reinvestment Plan and shares of restricted stock that vested on 4/1/2025.
• The indirect holdings also include shares acquired through the Dividend Reinvestment Plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing related to stock ownership changes. The acquisition of restricted stock by the CEO could be interpreted slightly positively, but it's not a major event.

Positives

• The acquisition of restricted stock by the CEO could be seen as a positive sign, indicating confidence in the company's future performance.

Industry Context

Form 4 filings are a routine part of regulatory compliance for publicly traded companies, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The change in insider ownership may have a minor impact on shareholder sentiment.

Key Dates

Keywords

Mid Penn Bancorp, Rory Ritrievi, restricted stock, Form 4, insider trading, beneficial ownership, MPB, Dividend Reinvestment Plan