Form 4: Mid Penn Bancorp Director Increases Stake Through Pre-Arranged Stock Purchase Plan

Kimberly J. Brumbaugh, a Director at Mid Penn Bancorp Inc., increased her direct beneficial ownership of common stock through a pre-arranged stock purchase plan and holds additional shares via an IRA and restricted stock.

Summary

• Kimberly J. Brumbaugh, a Director of Mid Penn Bancorp Inc. (MPB), reported changes in her beneficial ownership, specifically an acquisition of shares pursuant to a Rule 10b5-1 plan.
• On June 30, 2025, 88 shares of Mid Penn Bancorp, Inc. Common Stock were acquired at a price of $28.2 per share through the Director Stock Purchase Plan, as part of a pre-arranged Rule 10b5-1(c) plan.
• Following this transaction, direct beneficial ownership of Mid Penn Bancorp, Inc. Common Stock stands at 10,111.3 shares.
• Indirect beneficial ownership includes 1,115.207 shares of Mid Penn Bancorp, Inc. Common Stock held through an IRA.
• Additionally, 1,945 shares of Mid Penn Bancorp, Inc. Common Restricted Stock are held directly, which are scheduled to vest 100% on the first anniversary of their grant date.
• The reported share balances incorporate shares acquired through the Dividend Reinvestment Plan.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as a director is increasing their stake in the company through a pre-arranged plan, which typically signals confidence. The transactions are routine for insider holdings and compensation.

Positives

• A Director, Kimberly J. Brumbaugh, acquired additional shares of common stock, indicating confidence in the company.
• The acquisition was made through a Director Stock Purchase Plan and pursuant to a Rule 10b5-1(c) plan, suggesting a structured and pre-planned commitment to increasing ownership.
• The balance of shares includes those acquired through a Dividend Reinvestment Plan, indicating long-term holding and reinvestment of dividends.

Future Outlook

1,945 shares of Common Restricted Stock are set to vest 100% on the first anniversary of their grant date. The reported transaction on June 30, 2025, is part of a pre-arranged Rule 10b5-1(c) plan.

Management Comments

• The acquisition of shares through the Director Stock Purchase Plan and a Rule 10b5-1(c) plan reflects a director's ongoing, pre-planned investment and alignment with shareholder interests.

Industry Context

Insider transactions, such as those reported on Form 4, are common in the financial services industry, reflecting ongoing compensation and investment activities by directors and executives in their respective institutions.

Comparison to Industry Standards

• NA

Related Party Transactions

• Shares were purchased through the Director Stock Purchase Plan, which is a standard arrangement between the company and its directors, and the transaction was executed under a Rule 10b5-1(c) plan.

Stakeholder Impact

• Shareholders: The director's increased ownership aligns their interests more closely with shareholders, potentially signaling confidence in the company's future.

Next Steps

• Vesting of 1,945 shares of Common Restricted Stock on the first anniversary of their grant date.

Key Dates

Recommendation

Keywords

Mid Penn Bancorp, MPB, Form 4, insider trading, director stock purchase, common stock, restricted stock, beneficial ownership, stock acquisition, Rule 10b5-1, financial services, banking