Mid Penn Bancorp (MPB) director granted 1,700 restricted shares of common stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mid Penn Bancorp director Maureen M. Gathagan received 1,700 shares of restricted common stock as a grant on April 1, 2026, at no cash cost. The restricted shares vest 100% on the first anniversary of the grant date. Following this award, she directly holds 1,700 shares of restricted stock. Her direct common stock holdings total 13,574.039 shares, including shares acquired through the Dividend Reinvestment Plan and restricted stock that vested on April 1, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Gathagan Maureen M.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Mid Penn Bancorp, Inc. Common Restricted Stock | 1,700 | $0.00 | -- |
| holding | Mid Penn Bancorp, Inc. Common Stock | -- | -- | -- |
Holdings After Transaction:
Mid Penn Bancorp, Inc. Common Restricted Stock — 1,700 shares (Direct);
Mid Penn Bancorp, Inc. Common Stock — 13,574.039 shares (Direct)
Footnotes (1)
- Shares granted in the form of restricted stock, which vests 100% on the first anniversary of the date of grant. Balance includes shares acquired through Dividend Reinvestment Plan and shares of restricted stock that vested on 4/1/2026.
Key Figures
Restricted stock grant: 1,700 shares
Restricted shares after grant: 1,700 shares
Common shares held: 13,574.039 shares
+1 more
4 metrics
Restricted stock grant
1,700 shares
Restricted common stock awarded on April 1, 2026
Restricted shares after grant
1,700 shares
Total restricted stock directly held following the award
Common shares held
13,574.039 shares
Direct common stock holdings after transactions, including DRIP and vested restricted stock
Vesting schedule
100% at first anniversary
Restricted stock vests one year after grant date
Key Terms
restricted stock, Dividend Reinvestment Plan, grant, award, or other acquisition
3 terms
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.
Dividend Reinvestment Plan financial
"Balance includes shares acquired through Dividend Reinvestment Plan and shares of restricted stock"
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
What did MID PENN BANCORP (MPB) disclose about Maureen Gathagan in this Form 4?
MID PENN BANCORP reported that director Maureen M. Gathagan received a grant of 1,700 shares of restricted common stock. These shares were awarded at no cash cost and represent equity-based compensation, not an open-market purchase or sale of MPB stock.
Is Maureen Gathagan’s Form 4 transaction a market purchase or sale of MPB stock?
The Form 4 shows a grant of 1,700 restricted shares to Maureen M. Gathagan, not a market trade. The transaction is coded as an award acquisition, meaning she received stock-based compensation rather than buying or selling shares in the open market.
What does the Dividend Reinvestment Plan reference mean for Maureen Gathagan’s MPB holdings?
The filing notes that Maureen M. Gathagan’s share balance includes stock acquired through a Dividend Reinvestment Plan. This means some of her MPB shares were obtained by reinvesting cash dividends into additional shares instead of taking those dividends in cash.