Mid Penn Bancorp (NASDAQ: MPB) director gets 1,700-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mid Penn Bancorp director Theodore W. Mowery received a grant of 1,700 shares of Mid Penn Bancorp, Inc. common restricted stock as a compensation award. The restricted shares vest 100% on the first anniversary of the grant date. Following this, he directly holds 42,329.964 common shares, plus 22,465.667 shares held through an IRA and 250 shares held indirectly through his spouse, including amounts acquired via the Dividend Reinvestment Plan and recently vested restricted stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
MOWERY THEODORE W
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 — 42,329.964 shares (Direct);
Mid Penn Bancorp, Inc. Common Stock — 22,465.667 shares (Indirect, IRA)
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. Balance includes shares acquired through the Dividend Reinvestment Plan.
Key Figures
Restricted stock grant: 1,700 shares
Direct common stock holdings: 42,329.964 shares
IRA indirect holdings: 22,465.667 shares
+2 more
5 metrics
Restricted stock grant
1,700 shares
Common restricted stock awarded to director on April 1, 2026
Direct common stock holdings
42,329.964 shares
Directly owned Mid Penn Bancorp common stock after grant
IRA indirect holdings
22,465.667 shares
Mid Penn Bancorp common stock held indirectly through IRA
Spouse indirect holdings
250 shares
Common stock held indirectly by spouse
Vesting schedule
100% after one year
Restricted stock vests 100% on first anniversary of grant
Key Terms
restricted stock, Dividend Reinvestment Plan, IRA
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.
IRA financial
"Mid Penn Bancorp, Inc. Common Stock ... indirect ... nature_of_ownership: IRA"
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
FAQ
What insider transaction did MPB director Theodore W. Mowery report?
Director Theodore W. Mowery reported receiving a grant of 1,700 shares of Mid Penn Bancorp, Inc. common restricted stock. This award was granted at no stated purchase price and represents stock-based compensation rather than an open-market share purchase or sale.
Does the MPB Form 4 show any stock sales by the director?
The Form 4 shows a grant of restricted stock and updated holdings but does not report any open-market sales. The reported acquisition is coded as a grant or award, and other entries simply update share balances held directly, in an IRA, and by a spouse.