Form 4: Mid Penn Bancorp Director Bruce A. Kiefer Reports Acquisition of Restricted Stock

Bruce A. Kiefer, a director of Mid Penn Bancorp, reported acquiring 1,945 shares of restricted stock on April 1, 2025, which vest on the first anniversary of the grant date.

Summary

• On April 1, 2025, Bruce A. Kiefer, a director of Mid Penn Bancorp Inc., acquired 1,945 shares of restricted stock.
• The restricted stock vests 100% on the first anniversary of the grant date.
• Following the transaction, Mr. Kiefer directly owns 38,284 shares of Mid Penn Bancorp Inc. common stock.
• Mr. Kiefer also has indirect ownership of 388 shares through a child and 1,003,259 shares through Lawrence Keister & Co., a family partnership.
• Mr. Kiefer disclaims beneficial ownership of shares held by the partnership, except to the extent of his proportionate pecuniary interest therein.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.

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 a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates

Keywords

Mid Penn Bancorp, MPB, Bruce A. Kiefer, restricted stock, beneficial ownership, Form 4, director