Form 4: Mid Penn Bancorp Officer Reports Acquisition of Restricted Stock

Joseph L. Paese, a Director of Trust and Wealth Management at Mid Penn Bancorp, reported the acquisition of restricted stock and transactions involving common stock.

Summary

• On April 1, 2025, Joseph L. Paese, a Director of Trust and Wealth Management at Mid Penn Bancorp Inc., reported transactions related to the company's stock.
• Paese acquired 1,000 shares of restricted stock at $0, which vest ratably over four years.
• Following the reported transactions, Paese directly owns 4,962 shares of Mid Penn Bancorp common stock.
• Paese also indirectly owns 2,876.633 shares through an IRA account.
• The balance includes shares of restricted stock that vested on April 1, 2025, and shares acquired through the Dividend Reinvestment Plan.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports routine insider transactions without indicating any specific positive or negative outlook.

Positives

• The acquisition of restricted stock could indicate confidence in the company's future performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings for signals about management's view of the company's prospects.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by slightly increasing the number of shares outstanding.

Key Dates

Keywords

Mid Penn Bancorp, MPB, Form 4, Insider Trading, Restricted Stock, Beneficial Ownership, Joseph L. Paese, Dividend Reinvestment Plan, IRA