Mid Penn Bancorp (MPB) awards 3,051 restricted shares to executive

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.

Insider Trade Summary

3 transactions reported

Mixed 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	--
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 (1)

1. Shares granted in the form of restricted stock which vest ratably over three years. Shares granted in the form of restricted stock, which vest according to the terms of each respective grant. Balance includes shares of restricted stock that vested on 4/1/2026. 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."

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Paese Joseph L

(Last) (First) (Middle)

2407 PARK DRIVE

(Street)

HARRISBURG PENNSYLVANIA 17110

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
MID PENN BANCORP INC [ MPB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Dir. Trust, Wealth Mgmt

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Mid Penn Bancorp, Inc. Common Restricted Stock	04/01/2026		A		3,051(1)	A	$0	4,426(2)	D
Mid Penn Bancorp, Inc. Common Stock								5,907(3)	D
Mid Penn Bancorp, Inc. Common Stock								2,958.081(4)	I	IRA

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares granted in the form of restricted stock which vest ratably over three years.

2. Shares granted in the form of restricted stock, which vest according to the terms of each respective grant.

3. Balance includes shares of restricted stock that vested on 4/1/2026.

4. Balance includes shares acquired through the Dividend Reinvestment Plan.

Remarks:

	/s/ Joseph L. Paese	04/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

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.

How many Mid Penn Bancorp shares does Joseph L. Paese hold after this grant?

Following the April 1, 2026 grant, Joseph L. Paese directly holds 5,907 shares of Mid Penn Bancorp common stock and 4,426 restricted shares, plus 2,958.081 additional shares held indirectly through an IRA, according to the reported post-transaction balances.

How do the 3,051 MPB restricted shares granted to Paese vest over time?

The 3,051 Mid Penn Bancorp restricted shares granted to Joseph L. Paese vest ratably over three years. This means a portion becomes fully owned each year, aligning his compensation with the company’s long-term performance and retention objectives during that period.

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.