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

Theodore W. Mowery, a director of Mid Penn Bancorp, recently acquired 2,000 shares of the company's common stock at a price of $20.4226 per share.

Summary

• On March 15, 2024, Theodore W. Mowery, a director of Mid Penn Bancorp Inc., purchased 2,000 shares of the company's common stock at $20.4226 per share.
• Following the transaction, Mowery directly owns 31,540.373 shares of Mid Penn Bancorp common stock.
• Mowery also indirectly owns 21,198.307 shares through an IRA and 250 shares through a spouse.
• Additionally, Mowery holds 1,760 shares of common restricted stock that vests 100% on the first anniversary of the grant date.

Sentiment

Score: 7

Explanation: Director's purchase of shares is generally a positive sign, indicating confidence in the company. However, it's a single transaction and doesn't provide a comprehensive view of the company's overall health.

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

Director purchases are common in the banking industry and are often viewed as a sign of confidence in the institution's performance and future prospects.

Stakeholder Impact

• The director's stock purchase could positively influence shareholder sentiment.

Key Dates