Form 4: Mid Penn Bancorp Director Albert J. Evans Increases Stake with Recent Stock Purchase

Director Albert J. Evans of Mid Penn Bancorp Inc. reports acquiring 8,474 shares of common stock at $29.50 per share on November 1, 2024, increasing his total holdings.

Summary

• On November 1, 2024, Albert J. Evans, a director of Mid Penn Bancorp Inc. (MPB), purchased 8,474 shares of the company's common stock at a price of $29.50 per share.
• Following this transaction, Evans directly owns 34,712.286 shares, which includes shares acquired through the Dividend Reinvestment Plan.
• Evans also indirectly owns 1,208 shares held in the name of Frontier Trust FSB, TTEE Fanelli, Evans & Patel.
• Additionally, he holds 999 shares of common restricted stock that will vest on the first anniversary of the grant date.
• The report was signed by Albert J. Evans on November 5, 2024.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A director purchasing shares suggests confidence, but it's a routine transaction.

Positives

• A director's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge sentiment and potential future performance.

Stakeholder Impact

• The increased stake of a director could positively influence shareholder confidence.

Key Dates