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

Director Albert J. Evans reports acquisition and disposal of Mid Penn Bancorp stock, including restricted stock and shares held indirectly.

Summary

• On April 1, 2024, Albert J. Evans, a director of Mid Penn Bancorp Inc., reported transactions involving the company's stock.
• Evans acquired 999 shares of Mid Penn Bancorp, Inc. Common Restricted Stock at $0 per share, which vests 100% on the first anniversary of the grant date.
• Evans also disposed of 999 shares of Mid Penn Bancorp, Inc. Common Restricted Stock.
• Following these transactions, Evans directly owns 25,385.05 shares of Mid Penn Bancorp, Inc. Common Stock, which includes shares acquired through the Dividend Reinvestment Plan.
• Additionally, Evans indirectly owns 1,208 shares of Mid Penn Bancorp, Inc. Common Stock through Frontier Trust FSB, TTEE Fanelli, Evans & Patel.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock transactions, which carries a neutral sentiment.

Positives

• The acquisition of restricted stock could align the director's interests with the long-term performance of the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders.

Stakeholder Impact

• Shareholders are informed about the director's stock transactions, providing insight into insider activity.

Key Dates