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Mid Penn Bancorp insider purchase: Joel L. Frank adds 88 MPB shares

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

Rhea-AI Filing Summary

Mid Penn Bancorp, Inc. (MPB) – Form 4 insider transaction

Director Joel L. Frank reported the open-market purchase of 88 common shares on 06/30/2025 at $28.20 per share under the company’s Director Stock Purchase Plan. Following the transaction, Frank directly owns 9,059.069 common shares and 1,945 restricted shares that vest 100% on the first anniversary of the grant date. No derivative securities were reported.

The filing signals continued personal investment by a board member but involves a small dollar amount (≈$2.5 thousand) and represents an immaterial change to the company’s overall share count.

Positive

  • Insider purchase by a board member often signals confidence in the issuer’s prospects.
  • No insider sales or derivative disposals were reported, reducing perception of negative sentiment.

Negative

  • The transaction size is immaterial (≈$2.5 k), limiting its significance for investors.

Insights

TL;DR: Small insider buy; mildly positive signal, financially immaterial.

Frank’s 88-share purchase marginally increases his stake to roughly 9.1 k shares. While insider buying generally conveys confidence, the dollar value is negligible relative to MPB’s market capitalization and trading volume, limiting predictive power for earnings or valuation. No options or sales were disclosed, and restricted stock holdings remain unchanged other than normal vesting. Overall, the filing is not expected to materially impact MPB’s share price but provides a modestly supportive governance signal.

SEC Form 4
FORM 4 UNITED 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*
Frank Joel L.

(Last) (First) (Middle)
2407 PARK DRIVE

(Street)
HARRISBURG PA 17110

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
MID PENN BANCORP INC [ MPB ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/30/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
Mid Penn Bancorp, Inc. Common Stock 06/30/2025 P 88(1) A $28.2 9,059.069(2) D
Mid Penn Bancorp, Inc. Common Restricted Stock 1,945(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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Shares purchased through the Director Stock Purchase Plan.
2. Balance includes shares acquired through the Dividend Reinvestment Plan.
3. Shares granted in the form of restricted stock, which vests 100% on the first anniversary of the date of grant.
Remarks:
/s/ Joel L. Frank 07/02/2025
** Signature of Reporting Person Date
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.

FAQ

How many MPB shares did Director Joel L. Frank purchase?

He bought 88 common shares on 06/30/2025 at $28.20 per share.

What is Joel L. Frank’s total direct ownership after the purchase?

His direct holding is now 9,059.069 MPB shares, plus 1,945 restricted shares.

Did the Form 4 report any insider sales?

No. The filing only lists a small purchase; there were no sales or derivative dispositions.

Are there any derivative securities involved in this filing?

No derivative securities were acquired or disposed of, and none are listed as currently held.

When will the restricted stock reported in the filing vest?

The 1,945 restricted shares vest 100% one year after their grant date.
Mid Penn Bancp

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