Form 4: Mid Penn Bancorp Director Reports Stock Transactions

Director Albert J. Evans of Mid Penn Bancorp Inc. reported transactions involving restricted stock and common stock, including acquisitions and vested shares.

Summary

• Albert J. Evans, a Director at Mid Penn Bancorp Inc. (MPB), reported a transaction on April 1, 2026.
• He acquired 1,700 shares of Mid Penn Bancorp, Inc. Common Restricted Stock.
• These shares were granted and vest 100% on the first anniversary of the grant date.
• Following this transaction, Evans beneficially owns 1,700 shares of restricted stock directly.
• His total beneficial ownership of common stock is 41,538.51 shares held directly.
• Additionally, he holds 1,280.285 shares indirectly through a 401(k) plan.
• The indirect shares are held in the name of Frontier Trust FSB, TTEE Fanelli, Evans & Patel.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents routine insider stock transactions and vesting, without significant positive or negative implications for the company's immediate financial health or strategic direction.

Positives

• Director Albert J. Evans acquired restricted stock, indicating continued investment and commitment to the company.
• The acquisition of 1,700 restricted shares suggests a potential future increase in beneficial ownership upon vesting.
• Vesting of restricted stock on April 1, 2026, signifies a milestone for the director's compensation and ownership.

Future Outlook

The filing does not contain forward-looking statements or guidance. It solely reports on past transactions and current beneficial ownership.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into the holdings and activities of company directors and officers. This filing indicates a routine grant and vesting of restricted stock for a director.

Stakeholder Impact

• Shareholders: Increased transparency into director's equity holdings and potential future ownership. The transaction itself does not immediately alter the share structure or outstanding shares.

Key Dates

Keywords

SEC Form 4, Insider Trading, Stock Transaction, Restricted Stock, Beneficial Ownership, Mid Penn Bancorp, MPB, Director, Equity