Director boosts Mid Penn Bancorp (MPB) stake with open-market stock buy
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Director Albert J. Evans of Mid Penn Bancorp, Inc. reported an open-market purchase of 311 shares of common stock at $32.16 per share on March 31, 2026, made through the Director Stock Purchase Plan. After this trade, he directly holds 39,593.51 common shares. The filing also shows 1,280.285 common shares held indirectly through a 401(k), and 1,945 shares of restricted stock that vest 100% on the first anniversary of the grant date. Footnotes note additional shares held in the name of Frontier Trust FSB, TTEE Fanelli, Evans & Patel and shares previously acquired through the Dividend Reinvestment Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 311 shares ($10,002)
Net Buy
3 txns
Insider
Evans Albert J.
Role
Director
Bought
311 shs ($10K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Mid Penn Bancorp, Inc. Common Stock | 311 | $32.16 | $10K |
| holding | Mid Penn Bancorp, Inc. Common Stock | -- | -- | -- |
| holding | Mid Penn Bancorp, Inc. Common Restricted Stock | -- | -- | -- |
Holdings After Transaction:
Mid Penn Bancorp, Inc. Common Stock — 39,593.51 shares (Direct);
Mid Penn Bancorp, Inc. Common Stock — 1,280.285 shares (Indirect, By 401(k));
Mid Penn Bancorp, Inc. Common Restricted Stock — 1,945 shares (Direct)
Footnotes (1)
- Shares purchased through the Director Stock Purchase Plan. Balance includes shares acquired through the Dividend Reinvestment Plan. Shares held in the name of Frontier Trust FSB, TTEE Fanelli, Evans & Patel. Shares granted in the form of restricted stock, which vests 100% on the first anniversary of the date of grant.
Key Figures
Shares purchased: 311 shares
Purchase price: $32.16 per share
Direct common shares after trade: 39,593.51 shares
+3 more
6 metrics
Shares purchased
311 shares
Open-market common stock purchase on March 31, 2026
Purchase price
$32.16 per share
Price paid for 311 Mid Penn Bancorp common shares
Direct common shares after trade
39,593.51 shares
Director’s direct Mid Penn Bancorp common stock holdings post-transaction
Indirect 401(k) shares
1,280.285 shares
Common stock held indirectly through 401(k) plan
Restricted stock holdings
1,945 shares
Restricted stock that vests 100% on first anniversary of grant
Net buy shares
311 shares
Net buy activity in this Form 4 according to transaction summary
Key Terms
Director Stock Purchase Plan, Dividend Reinvestment Plan, 401(k), Restricted Stock, +1 more
5 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.
401(k) financial
"nature_of_ownership": "By 401(k)""
A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.
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.
trust financial
"Shares held in the name of Frontier Trust FSB, TTEE Fanelli, Evans & Patel."
FAQ
What did Mid Penn Bancorp (MPB) director Albert J. Evans buy in this Form 4?
Albert J. Evans purchased 311 shares of Mid Penn Bancorp common stock in an open-market transaction at $32.16 per share. The transaction was made through the company’s Director Stock Purchase Plan and increased his directly held common stock position.
What indirect or plan-based holdings are disclosed for the Mid Penn Bancorp (MPB) director?
The filing shows 1,280.285 common shares held indirectly through a 401(k) and mentions shares held in the name of Frontier Trust FSB, TTEE Fanelli, Evans & Patel. It also notes that his balance includes shares from the Dividend Reinvestment Plan.
What restricted stock holdings does the Mid Penn Bancorp (MPB) director report?
The director reports 1,945 shares of restricted stock of Mid Penn Bancorp. According to the disclosure, these restricted shares were granted as stock awards and vest 100% on the first anniversary of the grant date, subject to vesting terms.