Mid Penn Bancorp (MPB) Sr. EVP receives 4,520 restricted stock shares in equity grant
Rhea-AI Filing Summary
Mid Penn Bancorp, Inc. reported that Sr. Executive Vice President Jordan D. Space received a grant of 4,520 shares of Mid Penn Bancorp, Inc. common restricted stock on April 1, 2026. The shares were granted at $0.00 per share as part of equity compensation.
According to the footnotes, these restricted shares vest ratably over three years and according to the terms of each respective grant. After the reported changes, Space directly holds 8,247.336 shares of common stock, 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.
Insights
Routine equity grant of 4,520 restricted shares to a senior executive, with time-based vesting and modest overall size.
The filing shows Sr. Executive Vice President Jordan D. Space receiving 4,520 shares of common restricted stock at $0.00 per share as a grant or award. Footnotes state these restricted shares vest ratably over three years and according to each grant’s terms, indicating standard time-based incentive compensation rather than a market purchase.
Following the grant and related vesting, Space directly holds 8,247.336 common shares, including shares from the Employee Stock Purchase Plan, Dividend Reinvestment Plan, and restricted stock that vested on April 1, 2026. With no derivative positions reported and no open-market buying or selling, this appears to be a routine compensation event, not a directional signal about the stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Mid Penn Bancorp, Inc. Common Restricted Stock | 4,520 | $0.00 | -- |
| holding | Mid Penn Bancorp, Inc. Common Stock | -- | -- | -- |
Footnotes (1)
- Shares granted in the form of restricted stock which vest ratably over three years. Shares granted in the form of restricted stock, which vest according to the terms of each respective grant. 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.