Mid Penn (MPB) director adds 1,700 restricted stock to holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kiefer Bruce A reported acquisition or exercise transactions in this Form 4 filing.
MID PENN BANCORP INC director Bruce A. Kiefer received a grant of 1,700 shares of restricted common stock on April 1, 2026. The shares were granted at no cost and vest 100% on the first anniversary of the grant date.
Following this grant, he holds 40,229 shares of Mid Penn Bancorp common stock directly, plus the 1,700 restricted shares. He also has indirect ownership of 388 shares held by a child and 1,003,259 shares held by Lawrence Keister & Co., a family partnership where he is a managing partner and is deemed to share voting and dispositive power, while disclaiming beneficial ownership beyond his proportionate economic interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Kiefer Bruce A
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 | -- | -- | -- |
| holding | Mid Penn Bancorp, Inc. Common Stock | -- | -- | -- |
| 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 — 40,229 shares (Direct);
Mid Penn Bancorp, Inc. Common Stock — 388 shares (Indirect, By child)
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 of restricted stock that vested on 4/1/2026. Mr. Kiefer is a managing partner of Lawrence Keister & Co., a family partnership. Accordingly, he is deemed to have shared voting and dispositive power over the shares held by the partnership. Mr. Kiefer disclaims beneficial ownership of shares held by the partnership, except to the extent of his proportionate pecuniary interest therein.
Key Figures
Restricted stock grant: 1,700 shares
Grant price: $0.0000 per share
Direct common shares: 40,229 shares
+2 more
5 metrics
Restricted stock grant
1,700 shares
Granted April 1, 2026; vests 100% on first anniversary
Grant price
$0.0000 per share
Restricted stock awarded at no cash cost to director
Direct common shares
40,229 shares
Direct Mid Penn Bancorp common stock held after transactions
Indirect shares by child
388 shares
Indirect ownership through child
Indirect shares by partnership
1,003,259 shares
Held by Lawrence Keister & Co., a family partnership
Key Terms
restricted stock, vests 100% on the first anniversary, managing partner, family partnership, +1 more
5 terms
restricted stock financial
"Shares granted in the form of restricted stock, which vests 100%"
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.
vests 100% on the first anniversary financial
"which vests 100% on the first anniversary of the date of grant"
managing partner financial
"Mr. Kiefer is a managing partner of Lawrence Keister & Co."
family partnership financial
"Lawrence Keister & Co., a family partnership"
beneficial ownership financial
"Mr. Kiefer disclaims beneficial ownership of shares held by the partnership"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What insider transaction did MPB director Bruce Kiefer report?
Bruce A. Kiefer reported receiving a grant of 1,700 shares of Mid Penn Bancorp restricted common stock. The award was made on April 1, 2026 at no cost, increasing his direct equity-based compensation position with the company.
What is Lawrence Keister & Co.’s role in Bruce Kiefer’s MPB holdings?
Lawrence Keister & Co. is a family partnership holding 1,003,259 Mid Penn Bancorp shares. As a managing partner, Bruce A. Kiefer is deemed to share voting and dispositive power, but he disclaims beneficial ownership except for his proportionate pecuniary interest in the partnership.