Mid Penn Bancorp grants 3,051 restricted shares
Mid Penn Bancorp, Inc. granted Director of Trust and Wealth Management Joseph L. Paese 3,051 shares of common restricted stock on April 1, 2026 as a compensation award at no cash cost per share.
Rhea-AI Filing Summary
Mid Penn Bancorp, Inc. granted Director of Trust and Wealth Management Joseph L. Paese 3,051 shares of common restricted stock on April 1, 2026 as a compensation award at no cash cost per share. These restricted shares vest ratably over three years.
After the grant, Paese directly holds 4,426 restricted shares and a total of 5,907 shares of common stock directly, plus 2,958.081 shares held indirectly through an IRA. Footnotes note that balances include restricted shares that vested on April 1, 2026 and shares acquired through a Dividend Reinvestment Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 3,051 shares
Grant/Award
3 txns
Insider
Paese Joseph L
Role
Dir. Trust, Wealth Mgmt
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Mid Penn Bancorp, Inc. Common Restricted Stock | 3,051 | $0.00 | $0.00 |
| holding | Mid Penn Bancorp, Inc. Common Stock | -- | -- | -- |
| holding | Mid Penn Bancorp, Inc. Common Stock | -- | -- | -- |
Holdings After Transaction:
Mid Penn Bancorp, Inc. Common Restricted Stock — 4,426 shares (Direct);
Mid Penn Bancorp, Inc. Common Stock — 5,907 shares (Direct);
Mid Penn Bancorp, Inc. Common Stock — 2,958.081 shares (Indirect, IRA)
Footnotes (4)
- F1. Shares granted in the form of restricted stock which vest ratably over three years.
- F2. Shares granted in the form of restricted stock, which vest according to the terms of each respective grant.
- F3. Balance includes shares of restricted stock that vested on 4/1/2026.
- F4. Balance includes shares acquired through the Dividend Reinvestment Plan.
Key Figures
Restricted stock grant: 3,051 shares
Grant price per share: $0.00 per share
Direct restricted holdings: 4,426 shares
+3 more
6 metrics
Restricted stock grant
3,051 shares
Awarded on April 1, 2026
Grant price per share
$0.00 per share
Restricted stock compensation award
Direct restricted holdings
4,426 shares
Restricted stock after grant
Total direct common stock
5,907 shares
Direct common stock holdings after transactions
Indirect IRA holdings
2,958.081 shares
Common stock held indirectly through IRA
Vesting period
3 years
Restricted stock vests ratably
Key Terms
restricted stock, Dividend Reinvestment Plan, IRA, grant, award, or other acquisition
4 terms
restricted stock financial
"Shares granted in the form of restricted stock which vest ratably over three years."
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.
IRA financial
"Common stock held indirectly through an IRA as reported on the Form 4."
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.
grant, award, or other acquisition financial
"Transaction code A is described as Grant, award, or other acquisition."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did MPB’s Joseph L. Paese report on this Form 4?
Joseph L. Paese reported receiving 3,051 shares of Mid Penn Bancorp restricted stock as a compensation grant. The award was priced at $0.00 per share and vests over three years, increasing his overall equity stake in the company.
What types of Mid Penn Bancorp holdings are disclosed for Paese on this Form 4?
The filing shows Paese holds Mid Penn Bancorp shares directly as common stock and restricted stock, plus an indirect position through an IRA. Footnotes indicate his balances also include restricted shares that recently vested and shares accumulated via the Dividend Reinvestment Plan.
Was Joseph L. Paese’s Mid Penn Bancorp restricted stock grant an open-market purchase?
No, the 3,051-share transaction was a grant of restricted stock, not an open-market purchase. The shares were awarded at $0.00 per share as compensation, with vesting conditions over three years rather than being bought on the public market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
