Form 4: Mid Penn Bancorp Director Robert A. Abel Reports Stock Transactions

Mid Penn Bancorp director Robert A. Abel reported purchasing 17 shares and disposing of 999 restricted shares of the company's stock on December 31, 2024.

Summary

• Director Robert A. Abel of Mid Penn Bancorp Inc. reported a transaction involving the company's stock on December 31, 2024.
• Abel purchased 17 shares of common stock at a price of $28.84 per share through the Director Stock Purchase Plan.
• He also disposed of 999 shares of common restricted stock.
• The reported transactions changed his direct and indirect holdings of Mid Penn Bancorp stock.
• Abel's indirect holdings include shares held by the Robert and Julie Abel Living Trust.

Sentiment

Score: 5

Explanation: The document is a routine filing of stock transactions by a company director, which is neither positive nor negative in itself.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders reporting transactions in their company's stock. It provides transparency into the trading activities of directors and officers.

Comparison to Industry Standards

• Form 4 filings are a standard practice for all publicly traded companies in the United States.
• The transactions reported are typical for directors participating in stock purchase plans and receiving restricted stock grants.
• The reporting requirements are consistent across all companies listed on US stock exchanges.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding the trading activities of a company director.
• The transactions are unlikely to have a significant impact on other stakeholders.

Key Dates

Keywords

Mid Penn Bancorp, stock transaction, director stock purchase, restricted stock, insider trading, Form 4, Robert A. Abel