Form 4: Mid Penn Bancorp Director Matthew G. De Soto Increases Stake in Company

Matthew G. De Soto, a director at Mid Penn Bancorp, recently acquired 400 shares of the company's common stock through the Director Stock Purchase Plan.

Summary

• On March 28, 2024, Matthew G. De Soto, a director of Mid Penn Bancorp Inc., purchased 400 shares of the company's common stock at a price of $20.01 per share.
• The purchase was made through the Director Stock Purchase Plan.
• Following the transaction, De Soto directly owns 69,574.853 shares of Mid Penn Bancorp Inc. common stock.
• De Soto also indirectly owns 840 shares through PUTMA for Children and 78 shares through L T D Investments.
• Additionally, De Soto holds 1,760 shares of common restricted stock that vests 100% on the first anniversary of the grant date.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction by a director, indicating confidence but not necessarily a major event.

Positives

• A director increasing their stake in the company can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment.

Key Dates