Mid Penn director granted 1,700 restricted shares
Mid Penn Bancorp director and Chief Corp Development Officer Stephon Kenneth John received a grant of 1,700 shares of Mid Penn Bancorp, Inc. common restricted stock on April 1, 2026.
Rhea-AI Filing Summary
Mid Penn Bancorp director and Chief Corp Development Officer Stephon Kenneth John received a grant of 1,700 shares of Mid Penn Bancorp, Inc. common restricted stock on April 1, 2026. The grant was made at no cash cost per share and vests 100% on the first anniversary of the grant date.
Following this award, he holds 40,085 shares of Mid Penn Bancorp, Inc. common stock directly, along with additional indirect holdings through an IRA and an ESOP. He also holds 21,538 shares of restricted stock granted under an equity incentive plan that vest ratably over five years commencing May 17, 2023, and stock options covering 134,616 underlying shares at an exercise price of $27.26 per share, expiring May 17, 2032.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,700 shares
Grant/Award
6 txns
Insider
Stephon Kenneth John
Role
Chief Corp Development Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Mid Penn Bancorp, Inc. Common Restricted Stock | 1,700 | $0.00 | $0.00 |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Mid Penn Bancorp, Inc. Common Stock | -- | -- | -- |
| holding | Mid Penn Bancorp, Inc. Common Stock | -- | -- | -- |
| holding | Mid Penn Bancorp, Inc. Common Stock | -- | -- | -- |
| holding | Mid Penn Bancorp, Inc. Common Restricted Stock | -- | -- | -- |
Holdings After Transaction:
Mid Penn Bancorp, Inc. Common Restricted Stock — 23,238 shares (Direct);
Stock Option (right to buy) — 134,616 contracts (Direct);
Mid Penn Bancorp, Inc. Common Stock — 40,085 shares (Direct);
Mid Penn Bancorp, Inc. Common Stock — 37,837 shares (Indirect, By IRA);
Mid Penn Bancorp, Inc. Common Stock — 949.475 shares (Indirect, By ESOP)
Footnotes (4)
- F1. Shares granted in the form of restricted stock, which vests 100% on the first anniversary of the date of grant.
- F2. Balance includes shares acquired through the Dividend Reinvestment Plan.
- F3. Restricted stock granted pursuant to the William Penn Bancorporation 2022 Equity Incentive Plan, which vest ratably over five years commencing May 17, 2023.
- F4. Stock options granted pursuant to the William Penn Bancorporation 2022 Equity Incentive Plan, which vest ratably over five years commencing May 17, 2023.
Key Figures
Restricted stock grant: 1,700 shares
Direct common stock holdings: 40,085 shares
Indirect IRA holdings: 37,837 shares
+4 more
7 metrics
Restricted stock grant
1,700 shares
Granted April 1, 2026; vests 100% after one year
Direct common stock holdings
40,085 shares
Mid Penn Bancorp, Inc. common stock held directly after grant
Indirect IRA holdings
37,837 shares
Mid Penn Bancorp, Inc. common stock held indirectly by IRA
Indirect ESOP holdings
949.475 shares
Mid Penn Bancorp, Inc. common stock held indirectly by ESOP
Existing restricted stock holdings
21,538 shares
Restricted stock vesting ratably over five years from May 17, 2023
Stock option exercise price
$27.26 per share
Options on Mid Penn Bancorp, Inc. common stock
Underlying shares for options
134,616 shares
Underlying Mid Penn Bancorp, Inc. common stock; options expire May 17, 2032
Key Terms
restricted stock, Dividend Reinvestment Plan, Equity Incentive Plan, Stock Option (right to buy), +2 more
6 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 the Dividend Reinvestment Plan."
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.
Equity Incentive Plan financial
"Restricted stock granted pursuant to the William Penn Bancorporation 2022 Equity Incentive Plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
Stock Option (right to buy) financial
"Stock Option (right to buy) with an exercise price of 27.2600"
ESOP financial
"Mid Penn Bancorp, Inc. Common Stock held indirectly By ESOP"
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
IRA financial
"Mid Penn Bancorp, Inc. Common Stock held indirectly By 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Stephon Kenneth John report at Mid Penn Bancorp (MPB)?
Stephon Kenneth John reported receiving 1,700 shares of Mid Penn Bancorp, Inc. common restricted stock on April 1, 2026. The shares were granted at no cash cost and represent a compensation award rather than an open-market purchase or sale.
Are the MPB restricted stock and option awards tied to an equity incentive plan?
Yes. Existing restricted stock and stock options were granted under the William Penn Bancorporation 2022 Equity Incentive Plan. Those restricted shares and options vest ratably over five years beginning May 17, 2023, aligning compensation with continued service over time.
AI-generated analysis. How Rhea-AI works. Not financial advice.
