Form 4: Mid Penn Bancorp Director Mowery Increases Stake Through Stock Purchase and Dividend Reinvestment

Theodore W. Mowery, a director at Mid Penn Bancorp, increased his holdings through a stock purchase and dividend reinvestment, according to a recent SEC filing.

Summary

• Theodore W. Mowery, a director of Mid Penn Bancorp Inc. [MPB], reported changes in beneficial ownership to the SEC.
• On March 31, 2025, Mowery purchased 77 shares of Mid Penn Bancorp common stock at a price of $25.91 per share through the Director Stock Purchase Plan.
• Mowery's direct holdings of Mid Penn Bancorp common stock increased to 38,051.793 shares following the reported transaction, which includes shares acquired through the Dividend Reinvestment Plan.
• Mowery also indirectly owns 21,814.089 shares through an IRA and 250 shares through his spouse.
• Additionally, Mowery holds 999 shares of Mid Penn Bancorp common restricted stock, which vests 100% on the first anniversary of the grant date.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive. A director increasing their stake in the company is generally a good sign, indicating confidence in the company's prospects. However, the transaction is relatively small and routine.

Positives

• Director Mowery's purchase of additional shares signals confidence in Mid Penn Bancorp's future.
• The Dividend Reinvestment Plan allows for the accumulation of more shares over time.

Future Outlook

The document does not contain specific forward-looking statements, but the director's continued investment suggests a positive outlook.

Industry Context

Directors purchasing shares in their own company is generally viewed positively by the market, as it aligns management's interests with those of shareholders. This is a common practice in the banking industry.

Comparison to Industry Standards

• Director stock purchases are a common practice across the banking industry.
• Comparing Mowery's holdings and recent transactions to those of directors at similarly sized regional banks (e.g., Fulton Financial Corporation, First Commonwealth Financial Corporation) would provide a benchmark for assessing the significance of this activity.

Stakeholder Impact

• The director's stock purchase could have a slightly positive impact on shareholder sentiment.

Key Dates

Keywords

Mid Penn Bancorp, Director Stock Purchase Plan, Dividend Reinvestment Plan, Beneficial Ownership, SEC Filing, MPB, Mowery, Director