Form 4: Mid Penn Bancorp Director Buys 2,000 Shares

Mid Penn Bancorp Director John E. Noone acquired 2,000 common shares at $29.5125, increasing his beneficial ownership.

Summary

• John E. Noone, a Director of Mid Penn Bancorp Inc. (MPB), acquired 2,000 shares of common stock.
• The transaction occurred on October 27, 2025, at a price of $29.5125 per share.
• This purchase was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-planned transaction.
• Following this transaction, John E. Noone's total beneficial ownership in Mid Penn Bancorp Inc. is 75,475.116 shares.
• This total includes 45,400 shares held indirectly by the John E. Noone Trust, 22,430.116 shares held directly (including those from the Dividend Reinvestment Plan), 3,200 shares held indirectly by an IRA, 2,500 shares held indirectly by a SEP IRA, and 1,945 shares of directly held restricted stock.
• The 1,945 shares of restricted stock vest 100% on the first anniversary of their grant date.

Sentiment

Score: 8

Explanation: The acquisition of additional shares by a director, particularly under a Rule 10b5-1 plan, indicates strong confidence in the company's valuation and future performance.

Positives

• A Director's purchase of company stock signals confidence in the company's future prospects and valuation.
• The acquisition of 2,000 shares at $29.5125 demonstrates a direct financial commitment from management.
• The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-planned purchase and potentially reducing concerns about opportunistic timing.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Management Comments

• Director John E. Noone demonstrated confidence in Mid Penn Bancorp Inc. by acquiring 2,000 shares of common stock.

Industry Context

Insider buying in the financial services sector, particularly by directors, can be interpreted as a positive signal regarding the company's stability and growth prospects within the current economic environment. It suggests that management believes the stock is undervalued or expects positive developments.

Comparison to Industry Standards

• This filing is a standard insider transaction report (Form 4) and does not provide data for direct comparison to industry-specific financial benchmarks or competitor performance. The transaction itself is a common occurrence in publicly traded companies.

Corporate Governance

Related Party Transactions

• The acquisition of 2,000 shares of common stock by Director John E. Noone constitutes a related party transaction, as it involves a company insider.

Stakeholder Impact

• Shareholders may view the director's purchase as a positive indicator of management's belief in the company's value and future, potentially boosting investor confidence.
• Employees and other stakeholders might interpret the insider buying as a sign of stability and positive internal outlook.

Next Steps

• The 1,945 shares of restricted stock held by John E. Noone are scheduled to vest 100% on the first anniversary of their grant date.

Key Dates

Recommendation

The direct purchase of company stock by a director, especially a significant amount like 2,000 shares, signals strong insider confidence in Mid Penn Bancorp's future prospects and current valuation. This action, executed under a Rule 10b5-1 plan, suggests a deliberate investment decision rather than opportunistic timing, making it a positive signal for potential investors.

Keywords

Mid Penn Bancorp, MPB, John E. Noone, Insider Trading, Form 4, Stock Purchase, Director, Financial Services, Banking, Rule 10b5-1