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

Theodore W. Mowery, a director at Mid Penn Bancorp, recently acquired 100 shares of common stock through the Director Stock Purchase Plan at a price of $20.01 per share.

Summary

• On March 28, 2024, Theodore W. Mowery, a director of Mid Penn Bancorp Inc., purchased 100 shares of the company's common stock.
• The purchase was made through the Director Stock Purchase Plan at a price of $20.01 per share.
• Following the transaction, Mowery directly owns 31,640.373 shares of Mid Penn Bancorp, Inc. 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 on the first anniversary of the grant date.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive due to the director's stock purchase, indicating confidence in the company. However, it's a routine transaction, so the impact is limited.

Positives

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

Future Outlook

The document does not contain specific forward-looking statements, but the director's stock purchase could be interpreted as a positive sign for the company's future.

Industry Context

Director stock purchases are common in the banking industry and are often viewed as a sign of confidence in the institution's performance and future prospects. It aligns with standard practices for corporate governance and executive compensation.

Comparison to Industry Standards

• Comparing Mowery's holdings to those of directors at similar-sized regional banks would provide context.
• For example, directors at Fulton Financial Corporation (FULT) and CNB Financial Corporation (CCNE) typically hold significant amounts of company stock, aligning their interests with shareholders.
• Director stock ownership is a common practice to align management incentives with shareholder value.

Stakeholder Impact

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

Key Dates