Form 4: Mid Penn Bancorp Director Boosts Stake with Significant Stock Purchases

Mid Penn Bancorp Director Matthew G. De Soto has increased his direct beneficial ownership in the company by purchasing 1,875 shares of common stock across three transactions on May 23, 2025.

Summary

• Director Matthew G. De Soto acquired a total of 1,875 shares of Mid Penn Bancorp, Inc. common stock through three separate purchase transactions on May 23, 2025.
• The shares were purchased at prices ranging from $26.6446 to $26.6839 per share.
• Following these transactions, Mr. De Soto's direct beneficial ownership in Mid Penn Bancorp, Inc. common stock increased to 110,013.251 shares.
• This reported balance includes shares acquired through the Dividend Reinvestment Plan.
• Mr. De Soto also holds indirect beneficial ownership of 3,327 shares through PUTMA for Children and 78 shares through L T D Investments.
• Additionally, he holds 1,945 shares of Mid Penn Bancorp, Inc. Common Restricted Stock, which are set to vest 100% on the first anniversary of their grant date.

Sentiment

Score: 8

Explanation: The director's significant purchase of company stock is a strong positive signal, indicating confidence in the company's value and future performance, which typically enhances investor sentiment.

Positives

• Director Matthew G. De Soto's purchase of 1,875 additional shares signals strong confidence in Mid Penn Bancorp's current valuation and future prospects.
• The increase in direct beneficial ownership to 110,013.251 shares further aligns the director's interests with those of the company's shareholders.
• The acquisition of shares by an insider can be viewed positively by the market, suggesting an internal belief in the company's underlying value.

Future Outlook

This Form 4 filing, an insider transaction report, does not provide forward-looking statements or guidance regarding the company's future outlook.

Industry Context

As a banking institution, Mid Penn Bancorp operates within the financial services sector. Insider buying, such as this transaction, can be interpreted by the market as a positive signal regarding the company's performance, strategic direction, or the broader economic conditions within its operating regions, particularly in the context of regional banking trends.

Related Party Transactions

• Indirect beneficial ownership of 3,327 shares held through PUTMA for Children.
• Indirect beneficial ownership of 78 shares held through L T D Investments.

Stakeholder Impact

• Shareholders: May experience increased confidence in the company due to the director's investment, potentially leading to positive share price movement.
• Management: The director's increased stake further aligns his personal financial interests with the company's performance.

Key Dates

Recommendation

Keywords

Mid Penn Bancorp, MPB, insider trading, stock purchase, director, common stock, SEC Form 4, beneficial ownership, banking, financial services