Form 4: Mid Penn Bancorp Director Gathagan Reports Acquisition of Restricted Stock

Director Maureen M. Gathagan reports acquisition of restricted stock and vested shares in Mid Penn Bancorp, Inc.

Summary

• On April 1, 2025, Maureen M. Gathagan, a director of Mid Penn Bancorp, Inc., acquired 1,945 shares of restricted stock.
• These shares were granted at a price of $0 and vest 100% on the first anniversary of the grant date.
• Gathagan also owns 11,291.405 shares of Mid Penn Bancorp, Inc. common stock, which includes shares acquired through the Dividend Reinvestment Plan and shares of restricted stock that vested on April 1, 2025.
• The reported transaction was filed on April 3, 2025.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Positives

• The acquisition of restricted stock by a director could be seen as a positive sign, indicating confidence in the company's future performance.

Industry Context

This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency regarding the holdings of company directors.

Stakeholder Impact

• Shareholders may be interested in the stock transactions of company directors as an indicator of management's confidence in the company.

Key Dates

Keywords

Mid Penn Bancorp, Director, Gathagan, Restricted Stock, Beneficial Ownership, Form 4, MPB, Dividend Reinvestment Plan, Vesting