Form 4: Mid Penn Bancorp Director Matthew G. De Soto Reports Acquisition of Restricted Stock

Director Matthew G. De Soto reports acquisition of 1,945 shares of restricted stock in Mid Penn Bancorp, Inc.

Summary

• On April 1, 2025, Matthew G. De Soto, a director of Mid Penn Bancorp Inc., acquired 1,945 shares of restricted stock.
• The restricted stock was granted at a price of $0 per share.
• These shares vest 100% on the first anniversary of the grant date.
• Following the transaction, De Soto directly owns 1,945 shares of restricted stock and 104,578.251 shares of common stock.
• De Soto also indirectly owns 3,327 shares through PUTMA for Children and 78 shares through L T D Investments.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't convey any particular positive or negative sentiment.

Positives

• The acquisition of restricted stock may align the director's interests with those of the shareholders.

Future Outlook

There is no future outlook provided in this document.

Industry Context

This is a standard SEC filing related to changes in beneficial ownership by a company insider. It is common for directors and officers to receive stock grants as part of their compensation.

Stakeholder Impact

• The acquisition of restricted stock by a director can align their interests with shareholders, potentially encouraging decisions that benefit the company's long-term performance.

Key Dates

Keywords

Form 4, Mid Penn Bancorp, MPB, Director, Matthew G. De Soto, Restricted Stock, Beneficial Ownership, Securities