Form 4: Mid Penn Bancorp Director Albert J. Evans Reports Acquisition of Restricted Stock

Director Albert J. Evans reports acquisition of 1,945 shares of Mid Penn Bancorp restricted stock on April 1, 2025.

Summary

• On April 1, 2025, Albert J. Evans, a director of Mid Penn Bancorp Inc., acquired 1,945 shares of restricted stock.
• These shares were granted as restricted stock and will vest 100% on the first anniversary of the grant date.
• Evans also directly owns 36,495.946 shares of Mid Penn Bancorp common stock, which includes shares acquired through a Dividend Reinvestment Plan and shares of restricted stock that vested on 4/1/2025.
• Additionally, Evans indirectly owns 1,243.0798 shares of common stock through a 401(k) plan held in the name of Frontier Trust FSB, TTEE Fanelli, Evans & Patel.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it's a standard disclosure of stock acquisition by a company director. It doesn't inherently indicate positive or negative sentiment.

Positives

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

Industry Context

Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities. They provide insights into the actions of company directors and officers, which can be informative for investors.

Stakeholder Impact

• The acquisition of restricted stock by a director may have a slightly positive impact on shareholders, as it can signal confidence in the company's prospects.

Key Dates

Keywords

Mid Penn Bancorp, Albert J. Evans, restricted stock, Form 4, director, beneficial ownership, Dividend Reinvestment Plan, 401(k)