Form 4: Mid Penn Bancorp Director Albert J. Evans Reports Stock Purchase

Director Albert J. Evans reports purchasing 335 shares of Mid Penn Bancorp stock at $29.83 per share through the Director Stock Purchase Plan.

Summary

• On September 30, 2024, Albert J. Evans, a director of Mid Penn Bancorp Inc., purchased 335 shares of the company's common stock at a price of $29.83 per share.
• The purchase was made through the Director Stock Purchase Plan.
• Following the transaction, Evans directly owns 26,238.286 shares of Mid Penn Bancorp, Inc. common stock, 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, Evans directly owns 999 shares of common restricted stock, which vests 100% on the first anniversary of the date of grant.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The director's purchase indicates confidence, but it's a routine transaction.

Positives

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

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The stock purchase by a director could positively influence shareholder sentiment.

Key Dates