Form 4: Mid Penn Bancorp Insider Trades Restricted Stock

Zachary C. Miller, Chief Risk Officer of Mid Penn Bancorp Inc., reported a transaction involving restricted stock.

Summary

• Zachary C. Miller, Chief Risk Officer of Mid Penn Bancorp Inc., reported a transaction on April 1, 2026.
• This transaction involved the acquisition of 1,897 shares of restricted stock, which were granted at a price of $0.
• Following this transaction, Mr. Miller beneficially owns 2,722 shares of restricted stock.
• Additionally, the filing notes that Mr. Miller's balance includes shares acquired through the Employee Stock Purchase Plan and the Dividend Reinvestment Plan, as well as restricted stock that vested on April 1, 2026.
• The total number of common shares beneficially owned after the reported transaction is 2,166.622.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it reports routine insider transactions related to compensation and ownership rather than significant strategic or financial events.

Positives

• Grant of restricted stock to a key executive, indicating a long-term incentive and alignment with company performance.
• Vesting of restricted stock on April 1, 2026, suggests continued commitment and potential for future value realization for the executive.
• Acquisition of shares through Employee Stock Purchase Plan and Dividend Reinvestment Plan shows ongoing investment in the company by the executive.

Future Outlook

No specific forward-looking statements or guidance are provided in this Form 4 filing, which primarily reports on past transactions.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into executive ownership and compensation structures within the banking sector.

Stakeholder Impact

• Shareholders: Increased transparency into executive ownership and compensation alignment.
• Employees: May observe executive commitment to the company through stock ownership.
• Management: Reinforces standard reporting requirements for beneficial ownership changes.

Key Dates

Keywords

Mid Penn Bancorp, MPB, Form 4, Insider Trading, Restricted Stock, Executive Compensation, Beneficial Ownership, Securities Exchange Act