Form 4: Mid Penn Bancorp CFO Acquires Additional Shares

Justin T. Webb, CFO of Mid Penn Bancorp, reports the acquisition of 500 shares of common stock at $29.50 per share.

Summary

• On November 1, 2024, Justin T. Webb, the Chief Financial Officer of Mid Penn Bancorp Inc. (MPB), acquired 500 shares of the company's common stock at a price of $29.50 per share.
• Following this transaction, Webb directly owns 12,206.904 shares of Mid Penn Bancorp, Inc. common stock, which includes shares acquired through the Employee Stock Purchase Plan and Dividend Reinvestment Plan.
• Webb also indirectly owns 3,750 shares through an IRA.
• Additionally, Webb holds 4,098 shares of common restricted stock, which vest according to the terms of each respective grant.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The CFO's purchase suggests confidence, but it's a relatively small transaction.

Positives

• The CFO's purchase of shares may signal confidence in the company's future performance.

Industry Context

Insider transactions are closely monitored as they can provide insights into a company's prospects. Purchases by executives are often seen as a positive sign.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment.

Key Dates