SCHEDULE 13G: Wellington Management Discloses 7.6% Passive Stake in Mid Penn Bancorp

Wellington Management Group LLP and its affiliates have disclosed a passive beneficial ownership of 7.6% of Mid Penn Bancorp, Inc.'s common stock as of December 31, 2024.

Summary

• Wellington Management Group LLP, along with its affiliated entities Wellington Group Holdings LLP, Wellington Investment Advisors Holdings LLP, and Wellington Management Company LLP, collectively reported beneficial ownership of 1,452,177 shares of Mid Penn Bancorp, Inc. common stock.
• This aggregate ownership represents 7.6% of Mid Penn Bancorp, Inc.'s outstanding common stock.
• The reporting persons hold shared voting power and shared dispositive power over all 1,452,177 shares.
• The filing is made under Rule 13d-1(b), indicating that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would indicate a positive or negative sentiment regarding the issuer's performance or outlook.

Management Comments

• Wellington Management Group LLP certifies that, to the best of its knowledge and belief, the securities were acquired and are held in the ordinary course of business and not for the purpose or with the effect of changing or influencing the control of Mid Penn Bancorp, Inc.

Stakeholder Impact

• Shareholders: The disclosure provides transparency regarding a significant institutional ownership stake, which can influence market perception and investor confidence.

Key Dates

Keywords

Mid Penn Bancorp, Wellington Management, Schedule 13G, Beneficial Ownership, Common Stock, Passive Investment, Financial Services, Banking