Form 4: Mid Penn Bancorp Director William A. Specht III Reports Acquisition of Restricted Stock

Director William A. Specht III reports acquiring 1,945 shares of Mid Penn Bancorp restricted stock on April 1, 2025.

Summary

• William A. Specht III, a director of Mid Penn Bancorp Inc., reported a transaction on April 1, 2025.
• He acquired 1,945 shares of restricted stock at $0, which vests 100% on the first anniversary of the grant date.
• Following the transaction, Specht directly owns 1,945 shares of restricted stock and 11,556 shares of common stock.
• He also indirectly owns 4,900 shares through Seal Glove Manufacturing, Inc., 2,235 shares through an IRA, and 31,210 shares as a trustee.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports a transaction.

Positives

• The acquisition of restricted stock by a director could be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure related to insider transactions, which are common in the financial industry. It provides transparency into the ownership positions of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders, ensuring compliance with SEC regulations.
• Similar filings are made by directors and officers of comparable regional banks, such as Fulton Financial Corporation and Northwest Bancshares, Inc., when they engage in transactions involving their company's stock.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership of company stock by a director.

Key Dates

Keywords

Mid Penn Bancorp, Specht, Director, Restricted Stock, Beneficial Ownership, Form 4, MPB