Mid Penn director buys 62 shares in stock plan
Mid Penn Bancorp director Theodore W. Mowery purchased additional company stock in the open market.
Rhea-AI Filing Summary
Mid Penn Bancorp director Theodore W. Mowery purchased additional company stock in the open market. He bought 62 shares of Mid Penn Bancorp, Inc. common stock at $32.16 per share, using the Director Stock Purchase Plan. Following this trade, he directly holds 40,384.964 common shares, some of which were acquired through the Dividend Reinvestment Plan, plus 1,945 restricted shares that vest 100% on the first anniversary of grant. He also reports indirect ownership of 22,465.667 common shares held in an IRA and 250 shares held by his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 62 shares
Net Buy
4 txns
Insider
MOWERY THEODORE W
Role
Director
Bought
62 shs ($2K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Mid Penn Bancorp, Inc. Common Stock | 62 | $32.16 | $2K |
| holding | Mid Penn Bancorp, Inc. Common Stock | -- | -- | -- |
| holding | Mid Penn Bancorp, Inc. Common Stock | -- | -- | -- |
| holding | Mid Penn Bancorp, Inc. Common Restricted Stock | -- | -- | -- |
Holdings After Transaction:
Mid Penn Bancorp, Inc. Common Stock — 40,384.964 shares (Direct);
Mid Penn Bancorp, Inc. Common Stock — 22,465.667 shares (Indirect, IRA);
Mid Penn Bancorp, Inc. Common Stock — 250 shares (Indirect, By spouse);
Mid Penn Bancorp, Inc. Common Restricted Stock — 1,945 shares (Direct)
Footnotes (3)
- F1. Shares purchased through the Director Stock Purchase Plan.
- F2. Balance includes shares acquired through the Dividend Reinvestment Plan.
- F3. Shares granted in the form of restricted stock, which vests 100% on the first anniversary of the date of grant.
Key Figures
Shares purchased: 62 shares
Purchase price: $32.16 per share
Direct common shares after trade: 40,384.964 shares
+3 more
6 metrics
Shares purchased
62 shares
Open-market purchase on March 31, 2026
Purchase price
$32.16 per share
Open-market transaction
Direct common shares after trade
40,384.964 shares
Direct ownership following transaction
Restricted stock holdings
1,945 shares
Vests 100% on first anniversary of grant
IRA indirect holdings
22,465.667 shares
Indirect ownership through IRA
Spouse indirect holdings
250 shares
Indirect ownership held by spouse
Key Terms
Director Stock Purchase Plan, Dividend Reinvestment Plan, restricted stock, IRA
4 terms
Director Stock Purchase Plan financial
"Shares purchased through the Director Stock Purchase Plan."
A director stock purchase plan lets members of a company's board buy the company’s shares, often through scheduled contributions or discounted purchases approved by the board. For investors, it acts like a vote of confidence—when people who oversee the company put their own money in, it suggests they believe in the business—while also affecting share counts and ownership balance, which can influence stock value and corporate control.
Dividend Reinvestment Plan financial
"Balance includes shares acquired through the Dividend Reinvestment Plan."
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.
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.
IRA financial
"total_shares_following_transaction": "22465.6670", "direct_or_indirect": "I", "nature_of_ownership": "IRA""
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did MPB director Theodore W. Mowery report?
Director Theodore W. Mowery reported buying 62 shares of Mid Penn Bancorp common stock. The open-market purchase was made at $32.16 per share through the Director Stock Purchase Plan on March 31, 2026, increasing his overall ownership position in the company.
What is the Director Stock Purchase Plan mentioned in the MPB Form 4?
The filing notes that the shares were purchased through a Director Stock Purchase Plan. This plan allows directors to buy company stock, and in this case it facilitated Mowery’s 62-share open-market purchase of Mid Penn Bancorp common stock at $32.16 per share.
What does the Form 4 say about MPB director restricted stock holdings?
The director holds 1,945 shares of Mid Penn Bancorp restricted stock. These shares were granted in restricted form and are scheduled to vest 100% on the first anniversary of the grant date, as specifically described in the Form 4 footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
