Form 4: Mid Penn Bancorp Director Mowery Increases Stake with Recent Stock Purchase

Director Theodore W. Mowery increased his holdings in Mid Penn Bancorp through a recent stock purchase and dividend reinvestment.

Summary

• On November 1, 2024, Theodore W. Mowery, a director of Mid Penn Bancorp Inc. [MPB], acquired 3,390 shares of common stock at a price of $29.5 per share.
• Following the transaction, Mowery directly owns 37,466.691 shares of Mid Penn Bancorp, Inc. common stock.
• Mowery also indirectly owns 21,536.55 shares through an IRA and 250 shares by spouse.
• He also owns 999 shares of common restricted stock that vests 100% on the first anniversary of the date of grant.
• The balance of shares includes those acquired through the Dividend Reinvestment Plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A director increasing their stake is generally a good sign, but it's a routine transaction.

Positives

• A director's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

This filing is a routine disclosure of insider trading activity, which is common in the financial industry. Monitoring such filings can provide insights into management's sentiment and confidence in the company's performance.

Stakeholder Impact

• The increased stake of a director could positively influence shareholder confidence.

Key Dates