Form 4: Mid Penn Bancorp Director Kimberly J. Brumbaugh Reports Changes in Beneficial Ownership

Director Kimberly J. Brumbaugh reports changes in beneficial ownership of Mid Penn Bancorp stock, including the acquisition of restricted stock and adjustments through a Dividend Reinvestment Plan.

Summary

• On April 1, 2024, Kimberly J. Brumbaugh, a director of Mid Penn Bancorp Inc., reported changes in her beneficial ownership of the company's stock.
• She acquired 999 shares of restricted stock, which vest 100% on the first anniversary of the grant date.
• She disposed of 0 shares of restricted stock.
• Brumbaugh directly owns 5,616.691 shares of Mid Penn Bancorp common stock.
• She also indirectly owns 1,074.912 shares through an IRA.
• The balance of shares includes those acquired through the Dividend Reinvestment Plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Positives

• The acquisition of restricted stock aligns the director's interests with the long-term performance of the company.
• Participation in the Dividend Reinvestment Plan demonstrates a commitment to increasing her stake in the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates changes in the director's holdings of Mid Penn Bancorp stock.

Stakeholder Impact

• Shareholders are informed about changes in insider ownership, which can influence investor sentiment.
• The filing provides transparency regarding the director's stake in the company.

Key Dates