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

Theodore W. Mowery, a Director at Mid Penn Bancorp Inc., acquired 71 shares of common stock at $28.2 per share through the Director Stock Purchase Plan, increasing his direct beneficial ownership.

Summary

• Director Theodore W. Mowery purchased 71 shares of Mid Penn Bancorp, Inc. Common Stock on June 30, 2025.
• The shares were acquired at a price of $28.2 per share through the Director Stock Purchase Plan.
• Following this transaction, direct beneficial ownership of Common Stock is 39,383.216 shares, which includes shares acquired via the Dividend Reinvestment Plan.
• Indirect beneficial ownership includes 21,974.101 shares held in an IRA and 250 shares held by a spouse, both also including Dividend Reinvestment Plan shares.
• Additionally, 1,945 shares of Mid Penn Bancorp, Inc. Common Restricted Stock were granted, which will vest 100% on the first anniversary of the grant date.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 8

Explanation: The sentiment is positive due to a director increasing their stake in the company through a stock purchase plan, signaling confidence. The grant of restricted stock further aligns management's interests with long-term shareholder value.

Positives

• A director, Theodore W. Mowery, increased his direct ownership in the company by purchasing 71 shares, signaling confidence in the company's future.
• The acquisition was made through the Director Stock Purchase Plan, indicating a structured and ongoing commitment from management.
• The balance of shares beneficially owned includes shares acquired through the Dividend Reinvestment Plan, suggesting a long-term investment strategy and consistent dividend payments.
• The grant of 1,945 shares of restricted stock, vesting 100% on the first anniversary, aligns the director's interests with long-term shareholder value.

Negatives

• NA

Risks

• NA

Future Outlook

The 1,945 shares of Mid Penn Bancorp, Inc. Common Restricted Stock granted will vest 100% on the first anniversary of the grant date, indicating a future vesting event.

Management Comments

• NA

Industry Context

Insider purchases, such as this one by a director, are often viewed positively by the market as they signal management's confidence in the company's prospects, aligning their interests with shareholders. This is a common practice across the financial services industry, particularly for regional banks like Mid Penn Bancorp, where local market knowledge and stability are key.

Comparison to Industry Standards

• NA

Legal Proceedings

• NA

Related Party Transactions

• Theodore W. Mowery, a director of Mid Penn Bancorp, Inc., purchased 71 shares of common stock from the issuer through the Director Stock Purchase Plan.
• Theodore W. Mowery was granted 1,945 shares of Mid Penn Bancorp, Inc. Common Restricted Stock by the issuer.

Stakeholder Impact

• Shareholders may view the director's increased ownership as a positive signal of confidence in the company's future performance and value.
• The grant of restricted stock aligns the interests of the director with long-term shareholder value.

Next Steps

• Vesting of 1,945 shares of Common Restricted Stock 100% on the first anniversary of the grant date.

Key Dates

Recommendation

Keywords

Mid Penn Bancorp, MPB, Form 4, Insider Trading, Stock Purchase, Director Stock Purchase Plan, Common Stock, Restricted Stock, Dividend Reinvestment Plan, Theodore W. Mowery, SEC Filing, Beneficial Ownership