Form 4: Mowery Acquires Mid Penn Bancorp Restricted Stock

Theodore W. Mowery, a Director at Mid Penn Bancorp Inc., reported the acquisition of 1,700 shares of restricted common stock on April 1, 2026.

Summary

• Theodore W. Mowery, a Director of Mid Penn Bancorp Inc., acquired 1,700 shares of restricted common stock on April 1, 2026.
• These shares were granted as restricted stock and vest fully on the first anniversary of the grant date.
• The reported acquisition price was $0.
• Following this transaction, Mowery's beneficial ownership includes 42,329.964 shares of common stock held directly, and 250 shares held indirectly through an IRA.
• An additional amount of 22,465.667 shares are held indirectly, with shares acquired through the Dividend Reinvestment Plan noted.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it represents a standard insider transaction related to compensation and vesting, rather than a significant new investment or divestment.

Positives

• Director acquisition of restricted stock indicates confidence in the company's future prospects.
• The acquisition of restricted stock at a $0 price suggests a form of executive compensation or incentive.

Future Outlook

The restricted stock vests on the first anniversary of the grant date, indicating a future increase in Mowery's direct shareholding contingent on continued service.

Industry Context

StockSavvy.ai notes that insider transactions, such as this acquisition of restricted stock by a director, are common in the banking sector as a means of aligning executive interests with shareholder value and retaining key talent.

Stakeholder Impact

• Shareholders: The acquisition by a director may be viewed positively as a sign of commitment, but it does not represent a new capital injection or significant change in ownership structure.

Next Steps

• Vesting of 1,700 restricted shares on the first anniversary of the grant date.

Key Dates

Keywords

Mid Penn Bancorp, MPB, Form 4, Insider Trading, Restricted Stock, Director, Securities Ownership