Form 4: Mid Penn Bancorp Director John E. Noone Increases Stake with Recent Stock Purchase

Director John E. Noone recently purchased 5,000 shares of Mid Penn Bancorp, Inc. common stock, increasing his total holdings.

Summary

• On November 1, 2024, John E. Noone, a director of Mid Penn Bancorp, Inc., purchased 5,000 shares of the company's common stock at a price of $29.50 per share.
• Following this transaction, Noone directly owns 21,248.3814 shares of Mid Penn Bancorp, Inc. common stock, which includes shares acquired through the Dividend Reinvestment Plan.
• Noone also indirectly owns 40,400 shares through the John E. Noone Trust, 1,200 shares through an IRA, and 2,500 shares through a SEP IRA.
• Additionally, Noone holds 999 shares of restricted stock that will vest on the first anniversary of the grant date.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A director purchasing shares suggests confidence, but it's a single transaction and doesn't provide a comprehensive view of the company's performance.

Positives

• A director's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

This filing is a routine disclosure of insider trading activity, which is common in the financial industry. Investors often monitor such filings for signals about management's confidence in the company.

Stakeholder Impact

• Shareholders may view the director's stock purchase as a positive sign.

Key Dates