Mid Penn Bancorp CRO receives restricted stock grant
Rhea-AI Filing Summary
Mid Penn Bancorp, Inc. Chief Risk Officer Zachary C. Miller received a grant of 1,897 shares of Mid Penn Bancorp, Inc. restricted common stock on April 1, 2026 at a stated price of $0.00 per share, reflecting a compensation-related stock award rather than an open-market purchase.
The restricted stock vests ratably over three years, and Miller now directly holds 2,722 shares of restricted stock. A separate holding entry shows 2,166.622 shares of common stock held directly, including shares acquired through the Employee Stock Purchase Plan, the Dividend Reinvestment Plan, and restricted stock that vested on April 1, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,897 shares
Grant/Award
2 txns
Insider
Miller Zachary C
Role
Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Mid Penn Bancorp, Inc. Common Restricted Stock | 1,897 | $0.00 | $0.00 |
| holding | Mid Penn Bancorp, Inc. Common Stock | -- | -- | -- |
Holdings After Transaction:
Mid Penn Bancorp, Inc. Common Restricted Stock — 2,722 shares (Direct);
Mid Penn Bancorp, Inc. Common Stock — 2,166.622 shares (Direct)
Footnotes (3)
- F1. Shares granted in the form of restricted stock which vest ratably over three years.
- F2. Shares granted in the form of restricted stock, which vest according to the terms of each respective grant.
- F3. Balance includes shares acquired through the Employee Stock Purchase Plan and the Dividend Reinvestment Plan and shares of restricted stock that vested on 4/1/2026.
Key Figures
Restricted stock grant: 1,897 shares
Grant price per share: $0.00 per share
Restricted shares after grant: 2,722 shares
+2 more
5 metrics
Restricted stock grant
1,897 shares
Restricted common stock awarded on April 1, 2026
Grant price per share
$0.00 per share
Stated for the 1,897-share restricted stock award
Restricted shares after grant
2,722 shares
Total restricted stock directly held after April 1, 2026 award
Common stock holdings
2,166.622 shares
Direct common stock balance including ESPP, DRIP, and vested restricted stock
Vesting schedule
3 years
Restricted shares vest ratably over three years
Key Terms
restricted stock, Employee Stock Purchase Plan, Dividend Reinvestment Plan, grant, award, or other acquisition
4 terms
restricted stock financial
"Shares granted in the form of restricted stock which vest ratably over three years."
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.
Employee Stock Purchase Plan financial
"Balance includes shares acquired through the Employee Stock Purchase Plan and the Dividend Reinvestment Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Dividend Reinvestment Plan financial
"Balance includes shares acquired through the Employee Stock Purchase Plan and 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.
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did MPB Chief Risk Officer Zachary Miller report?
Zachary Miller reported receiving 1,897 shares of Mid Penn Bancorp restricted common stock as a compensation grant. The award was recorded at $0.00 per share, indicating no cash outlay, and represents an equity-based incentive rather than an open-market stock purchase or sale.
What does the Form 4 show about Zachary Miller’s MPB common stock holdings?
The Form 4 shows Miller directly holds 2,166.622 shares of Mid Penn Bancorp common stock. This balance includes shares acquired through the Employee Stock Purchase Plan, the Dividend Reinvestment Plan, and restricted stock that vested on April 1, 2026, illustrating accumulated ownership from various company programs.
Was the MPB Chief Risk Officer’s restricted stock grant an open-market purchase?
No, the restricted stock grant was not an open-market purchase. The 1,897 shares were awarded at a stated price of $0.00 per share as compensation. This type of equity grant is issued by the company and does not involve buying shares on the market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
