Form 4: Mid Penn Bancorp Director Matthew G. De Soto Reports Stock Purchase

Matthew G. De Soto, a director at Mid Penn Bancorp, reported purchasing 1,192 shares of common stock at $20.9202 per share on February 27, 2024.

Summary

• On February 27, 2024, Matthew G. De Soto, a director of Mid Penn Bancorp Inc. [MPB], purchased 1,192 shares of the company's common stock at a price of $20.9202 per share.
• Following this transaction, De Soto directly owns 69,174.853 shares of Mid Penn Bancorp common stock, which includes shares acquired through the Dividend Reinvestment Plan.
• 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, which vests 100% on the first anniversary of the date of grant.
• The report was filed on February 28, 2024.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A director purchasing shares is generally a good sign, but the purchase is not large enough to significantly impact the overall sentiment.

Positives

• The director's purchase of shares may signal confidence in the company's future performance.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track confidence levels and potential alignment of interests.

Stakeholder Impact

• The stock purchase by a director could positively influence shareholder sentiment.

Key Dates