Mid Penn Bancorp Form 4: Director Purchase, Restricted Stock Vesting Noted
Rhea-AI Filing Summary
Robert A. Abel, a director of Mid Penn Bancorp Inc. (MPB), reported transactions dated 09/30/2025. The filing shows purchases of common stock through the Director Stock Purchase Plan at $28.64 per share. The report lists 7,585.765 shares associated with the reported purchase activity and a total beneficial ownership of 26,909.417 shares held indirectly through the Robert and Julie Abel Living Trust. The filing also records 1,945 shares granted as restricted stock, which the form notes vest 100% on the first anniversary of the grant date. The form is signed by Robert A. Abel on 10/01/2025.
Positive
- Insider purchase reported through the Director Stock Purchase Plan at $28.64, indicating director acquisition of company stock
- Restricted stock grant of 1,945 shares that vest 100% on the first anniversary, aligning compensation with retention
- Total beneficial ownership disclosed as 26,909.417 shares held indirectly via the Robert and Julie Abel Living Trust, providing transparency
Negative
- None.
Insights
TL;DR: Director bought shares at $28.64, increasing direct holdings; total beneficial ownership reported ~26,909 shares via family trust.
The Form 4 discloses a purchase through the Director Stock Purchase Plan at a disclosed price of $28.64. The transaction line and accompanying note indicate acquired shares counted toward a direct holding figure of 7,585.765 shares while total beneficial ownership is reported as 26,909.417 shares via the Robert and Julie Abel Living Trust. The purchase price is explicit and the filing includes restricted stock of 1,945 shares that vest fully on the first anniversary, which may increase aligned insider-owned shares upon vesting. This is a routine insider purchase disclosure rather than an operational or financial restatement.
TL;DR: Routine director purchase and restricted stock grant disclosed; ownership held directly and indirectly through a family trust.
The filing shows standard equity compensation and purchase plan usage for a director. The disclosure of indirect ownership via the Robert and Julie Abel Living Trust is clear and the restricted shares have a single-year vesting condition noted explicitly. The signature and dated filing complete required Section 16 reporting obligations. No departures, option exercises, or unusual transfer mechanics are described in this form.