Form 4: Mid Penn Bancorp Executive Reports Stock Transactions Following Vesting

Kenneth John Stephon, Chief Corp Development Officer at Mid Penn Bancorp, reports acquisition and disposal of shares related to vesting of restricted stock and tax liability coverage.

Summary

• Kenneth John Stephon, a director and officer of Mid Penn Bancorp Inc., filed a Form 4 detailing changes in beneficial ownership.
• On May 16, 2025, 10,769 shares of restricted stock vested, resulting in the acquisition of these shares.
• Simultaneously, 6,925 shares were disposed of to cover the tax liability associated with the vesting of the restricted stock at a price of $28.14 per share.
• Following these transactions, Stephon directly owns 40,062 shares of Mid Penn Bancorp Inc. common stock.
• Stephon also indirectly owns 17,428 shares through a 401(k), 16,357 shares through an IRA, and 4,402 shares through an ESOP.
• Stephon also owns options to buy 134,616 shares.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in the financial services industry.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in insider ownership.
• Employees participating in the ESOP may be indirectly affected by changes in the company's stock price.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Vesting, Restricted Stock, Tax Liability, Mid Penn Bancorp, Stephon, MPB, Equity Incentive Plan