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

Mid Penn Bancorp Director Matthew G. De Soto reported the acquisition of 283 shares of common stock at $28.20 per share, increasing his total beneficial ownership to over 112,000 shares.

Summary

• Matthew G. De Soto, a Director of Mid Penn Bancorp Inc. (MPB), acquired 283 shares of common stock.
• The transaction occurred on June 30, 2025, at a price of $28.20 per share.
• The shares were purchased through the Director Stock Purchase Plan.
• Following this transaction, Mr. De Soto's direct beneficial ownership of Mid Penn Bancorp, Inc. Common Stock increased to 112,353.59 shares.
• This balance includes shares acquired through the Dividend Reinvestment Plan.
• Mr. De Soto also indirectly beneficially owns 3,327 shares via PUTMA for Children and 78 shares via L T D Investments.
• Additionally, Mr. De Soto directly holds 1,945 shares of Mid Penn Bancorp, Inc. Common Restricted Stock, which vests 100% on the first anniversary of the grant date.

Sentiment

Score: 7

Explanation: The acquisition of shares by a director, especially through a stock purchase plan, generally indicates confidence in the company's future and aligns management interests with shareholders, which is a positive signal.

Positives

• A company director, Matthew G. De Soto, increased his direct ownership in Mid Penn Bancorp, Inc. by purchasing 283 shares.
• The purchase was made through a Director Stock Purchase Plan, indicating a structured approach to increasing insider holdings.
• The director's total beneficial ownership, including direct and indirect holdings, is substantial, demonstrating continued alignment with shareholder interests.

Future Outlook

No specific future outlook or guidance is provided in this document.

Industry Context

This is an insider transaction in the banking sector. Insider buying can signal management's confidence in the company's future prospects, which is generally viewed positively by the market, especially in a sector sensitive to economic conditions and interest rate changes.

Related Party Transactions

• Matthew G. De Soto, a director, purchased 283 shares of common stock from the company through the Director Stock Purchase Plan.

Stakeholder Impact

• Shareholders may view the director's increased stake as a positive signal of management's confidence in the company's future performance and alignment of interests.

Next Steps

• The restricted stock granted to the director is scheduled to vest 100% on the first anniversary of its grant date.

Key Dates

Recommendation

Keywords

Mid Penn Bancorp, MPB, SEC Form 4, Insider Trading, Stock Purchase, Director Stock Purchase Plan, Matthew G. De Soto, Common Stock, Beneficial Ownership, Financial Services, Banking