[Form 4] MID PENN BANCORP INC Insider Trading Activity
Rhea-AI Filing Summary
Matthew G. DeSoto, a director of Mid Penn Bancorp, Inc. (MPB), reported a transaction on 09/30/2025 showing a purchase of 280 shares of the issuer's common stock at a price of $28.64 per share through the Director Stock Purchase Plan. Following the reported transaction the filing lists total beneficial ownership of 112,753.667 shares, a balance the filer notes includes shares acquired through the Dividend Reinvestment Plan. The report also discloses 3,327 shares held indirectly via a custodial PUTMA for Children account, 78 shares held indirectly via L T D Investments, and 1,945 restricted shares granted that vest 100% on the first anniversary of the grant. The form is signed and dated 10/01/2025.
Positive
- None.
Negative
- None.
Insights
TL;DR: Director purchased a small number of shares via the Director Stock Purchase Plan; total beneficial holdings are disclosed with DRIP and indirect accounts.
The filing reports a routine insider purchase of 280 shares at $28.64, increasing the director's disclosed beneficial stake to 112,753.667 shares. The report explicitly notes components of ownership: shares from the Dividend Reinvestment Plan and indirect holdings via a custodial PUTMA and L T D Investments. The restricted stock grant of 1,945 shares is disclosed with a clear vesting date one year after grant. There are no derivative transactions or dispositions reported that would materially change control or leverage. Impact on valuation or corporate control is negligible based on disclosed quantities.
TL;DR: Disclosure follows Section 16 requirements; transaction appears routine and governance-related compensation/ownership is clearly itemized.
The form provides required transparency for a director's equity activity: a purchase through a Director Stock Purchase Plan, inclusion of DRIP shares in the aggregate balance, and identification of indirect holdings and restricted stock with vesting terms. The restricted shares include an explicit vesting schedule (100% at first anniversary), satisfying common disclosure standards. There are no indications in the filing of unusual arrangements, pledging, or derivative usage that would raise immediate governance concerns.