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Mid Penn Bancorp (NASDAQ: MPB) grants 600 restricted shares to Chief Credit Officer

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Spotts Paul W reported acquisition or exercise transactions in this Form 4 filing.

Mid Penn Bancorp, Inc. reported that Chief Credit Officer Paul W. Spotts received a grant of 600 shares of restricted common stock on April 1, 2026 as compensation. These restricted shares vest ratably over four years under the grant’s terms.

Following the award, Spotts directly holds 1,350 shares of restricted stock and 1,050 shares of common stock. The filing notes that his restricted stock balance includes shares that vested on April 1, 2026, reflecting both newly granted and previously vesting awards rather than any open‑market purchase or sale.

Positive

  • None.

Negative

  • None.
Insider Spotts Paul W
Role Chief Credit Officer
Type Security Shares Price Value
Grant/Award Mid Penn Bancorp, Inc. Common Restricted Stock 600 $0.00 --
holding Mid Penn Bancorp, Inc. Common Stock -- -- --
Holdings After Transaction: Mid Penn Bancorp, Inc. Common Restricted Stock — 1,350 shares (Direct); Mid Penn Bancorp, Inc. Common Stock — 1,050 shares (Direct)
Footnotes (1)
  1. Shares granted in the form of restricted stock which vest ratably over four years. Shares granted in the form of restricted stock, which vest according to the terms of each respective grant. Balance includes shares of restricted stock that vested on 4/1/2026.
Restricted stock grant 600 shares Restricted common stock granted on April 1, 2026
Restricted shares after grant 1,350 shares Total restricted stock held directly after April 1, 2026 grant
Common shares held 1,050 shares Direct common stock holdings after reported transactions
Vesting period 4 years Restricted stock vests ratably over four years
Grant price per share $0.0000 Reported price per share for the restricted stock grant
restricted stock financial
"Shares granted in the form of restricted stock which vest ratably over four 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.
vest ratably over four years financial
"Shares granted in the form of restricted stock which vest ratably over four years."
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
holding financial
"transaction_type: holding"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Spotts Paul W
(Last)(First)(Middle)
2407 PARK DRIVE
(Street)
HARRISBURG PENNSYLVANIA 17110
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
MID PENN BANCORP INC [ MPB ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Credit Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Mid Penn Bancorp, Inc. Common Restricted Stock04/01/2026A600(1)A$01,350(2)D
Mid Penn Bancorp, Inc. Common Stock1,050(3)D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Shares granted in the form of restricted stock which vest ratably over four years.
2. Shares granted in the form of restricted stock, which vest according to the terms of each respective grant.
3. Balance includes shares of restricted stock that vested on 4/1/2026.
Remarks:
/s/ Paul W. Spotts04/03/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did MID PENN BANCORP INC (MPB) report for Paul W. Spotts?

MID PENN BANCORP INC reported that Chief Credit Officer Paul W. Spotts received a grant of 600 restricted common shares on April 1, 2026. This was a compensation-related award, not an open-market stock purchase or sale, and increases his equity-based stake in the company.

How many restricted shares does MPB’s Chief Credit Officer hold after this Form 4 filing?

After the April 1, 2026 grant, Paul W. Spotts holds 1,350 shares of Mid Penn Bancorp restricted common stock. This balance includes both the newly granted 600 restricted shares and restricted shares that vested on the same date, as disclosed in the filing’s footnotes.

How do the newly granted restricted shares at MID PENN BANCORP INC vest?

The 600 restricted shares granted to Paul W. Spotts vest ratably over four years. This means a portion of the award becomes unrestricted each year, aligning the Chief Credit Officer’s compensation with longer-term company performance and encouraging ongoing retention and engagement.

Did the MPB Form 4 show any open-market buying or selling by Paul W. Spotts?

The Form 4 does not show any open-market buying or selling by Paul W. Spotts. It reports a grant of 600 restricted shares as compensation and an updated holding entry, making this a routine equity award rather than a discretionary market transaction in Mid Penn Bancorp stock.

What is Paul W. Spotts’ direct common stock position in MID PENN BANCORP INC after the grant?

Following the reported transactions, Paul W. Spotts directly holds 1,050 shares of Mid Penn Bancorp common stock. This figure reflects his non-restricted common stock position and is shown separately from his 1,350 restricted shares, providing a clearer view of his total equity exposure.