Mid Penn Bancorp (MPB) director awarded 1,700 restricted shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mid Penn Bancorp, Inc. director Brian Arden Hudson Sr. received a grant of 1,700 shares of restricted common stock as a compensation award. The shares were granted at $0.00 per share and will vest 100% on the first anniversary of the grant date.
After this grant and the vesting of prior awards, he directly holds 9,064.738 shares of Mid Penn Bancorp common stock, including shares acquired through the company’s Dividend Reinvestment Plan and restricted stock that vested on 4/1/2026. The filing shows no open-market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hudson Brian Arden Sr.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Mid Penn Bancorp, Inc. Common Restricted Stock | 1,700 | $0.00 | -- |
| holding | Mid Penn Bancorp, Inc. Common Stock | -- | -- | -- |
Holdings After Transaction:
Mid Penn Bancorp, Inc. Common Restricted Stock — 1,700 shares (Direct);
Mid Penn Bancorp, Inc. Common Stock — 9,064.738 shares (Direct)
Footnotes (1)
- Shares granted in the form of restricted stock, which vests 100% on the first anniversary of the date of grant. Balance includes shares acquired through Dividend Reinvestment Plan and shares of restricted stock that vested on 4/1/2026.
Key Figures
Restricted stock grant: 1,700 shares
Post-transaction common stock holdings: 9,064.738 shares
Vesting schedule: 100% after 1 year
3 metrics
Restricted stock grant
1,700 shares
Granted on 4/1/2026 at $0.00 per share
Post-transaction common stock holdings
9,064.738 shares
Direct Mid Penn Bancorp common stock after reported activity
Vesting schedule
100% after 1 year
Restricted stock vests on first anniversary of grant date
Key Terms
restricted stock, Dividend Reinvestment Plan, vests 100%
3 terms
restricted stock financial
"Shares granted in the form of restricted stock, which vests 100% on the first anniversary"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Dividend Reinvestment Plan financial
"Balance includes shares acquired through Dividend Reinvestment Plan and shares of restricted stock"
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
vests 100% financial
"restricted stock, which vests 100% on the first anniversary of the date of grant"
FAQ
What did the Mid Penn Bancorp (MPB) director receive in this Form 4 filing?
The director received 1,700 shares of Mid Penn Bancorp restricted common stock as a grant at $0.00 per share. This is a compensation award, not an open-market purchase, and increases his direct equity stake in the company.
Does this Mid Penn Bancorp Form 4 show any stock sales by the director?
The Form 4 does not report any stock sales by the director. It records a grant of 1,700 restricted shares and an updated direct holding balance, reflecting ownership changes from awards and dividend reinvestment instead of open-market selling.
What is the role of the Dividend Reinvestment Plan in the director’s MPB holdings?
The director’s 9,064.738-share balance includes stock accumulated through Mid Penn Bancorp’s Dividend Reinvestment Plan. Under this plan, cash dividends are automatically used to buy additional shares, gradually increasing ownership without separate purchase transactions.