Form 4: Mid Penn Bancorp CEO Rory Ritrievi Reports Stock Transactions

Rory Ritrievi, President and CEO of Mid Penn Bancorp, reports acquisition and disposal of company stock, including restricted stock vesting.

Summary

• On April 1, 2024, Rory G. Ritrievi, President and CEO of Mid Penn Bancorp Inc., reported transactions involving the company's stock.
• Ritrievi acquired 9,981 shares of common restricted stock at $0 per share, which vest ratably over four years.
• He also disposed of restricted stock, resulting in a total of 30,705 shares of restricted stock owned.
• Ritrievi directly owns 46,002.617 shares of Mid Penn Bancorp common stock, which includes shares acquired through the Dividend Reinvestment Plan and shares of restricted stock that vested on 4/01/2024.
• Additionally, he indirectly owns 4,241.707 shares through an IRA, which includes shares acquired through the Dividend Reinvestment Plan.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.

Positives

• The acquisition of restricted stock aligns the CEO's interests with the long-term performance of the company.
• Participation in the Dividend Reinvestment Plan indicates confidence in the company's future.

Industry Context

Form 4 filings are standard practice for reporting insider transactions and provide transparency to investors.

Stakeholder Impact

• The reported transactions provide transparency to shareholders regarding insider activity.
• The vesting of restricted stock may incentivize the CEO to improve company performance, benefiting shareholders.

Key Dates