Mid Penn (MPB) Director Files Form 4 for Purchase and Restricted Grant

Rhea-AI Filing Summary

Insider transaction summary: Director Joel L. Frank reported a purchase of 88 shares of Mid Penn Bancorp, Inc. common stock on 09/30/2025 at $28.64 per share under the Director Stock Purchase Plan. After the purchase and including shares from the Dividend Reinvestment Plan, he beneficially owns 9,177.516 shares directly. He was also granted 1,945 shares of restricted stock that vest 100% on the first anniversary of the grant. The Form 4 is signed and dated 10/01/2025 and contains explanations that purchases were through the director plan, dividends were reinvested, and restricted shares have a one-year vesting schedule.

Positive

• Director participation in equity: purchase of 88 shares through the Director Stock Purchase Plan demonstrates director ownership.
• Retention alignment: grant of 1,945 restricted shares that vest 100% after one year aligns director incentives with long‑term shareholder interests.

Negative

• None.

Insights

Financial Analyst

TL;DR: Small open-market purchase and a restricted stock grant by a director; routine insider activity with limited immediate market impact.

The director purchased 88 shares at $28.64, a modest buy that increases his direct holding to 9,177.516 shares when combined with dividend reinvestment balances. The 1,945-share restricted grant will vest in one year, aligning compensation with retention. Neither the purchase size nor the grant appears large enough, in isolation, to materially change ownership percentages or signal a major shift in insider conviction.

Corporate Governance Expert

TL;DR: Transaction follows standard governance practices: director equity participation and time‑based restricted stock to promote alignment and retention.

The use of the Director Stock Purchase Plan and a one‑year fully vesting restricted award are common tools to align director interests with shareholders. The filing properly discloses the purchase, the dividend reinvestment balance, and vesting terms. Documentation appears complete and compliant with Section 16 reporting requirements.

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

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

1. Name and Address of Reporting Person^*

Frank Joel L.

(Last) (First) (Middle)

2407 PARK DRIVE

(Street)

HARRISBURG PA 17110

(City) (State) (Zip)

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

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

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

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

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

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

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 Stock	09/30/2025		P		88(1)	A	$28.64	9,177.516(2)	D
Mid Penn Bancorp, Inc. Common Restricted Stock								1,945(3)	D

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 purchased through the Director Stock Purchase Plan.

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

3. Shares granted in the form of restricted stock, which vests 100% on the first anniversary of the date of grant.

Remarks:

	/s/ Joel L. Frank	10/01/2025
	** 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.

FAQ

What did Joel L. Frank report on the Form 4 for MPB?

He reported purchasing 88 shares of Mid Penn Bancorp common stock at $28.64 per share on 09/30/2025 and a grant of 1,945 restricted shares that vest 100% after one year.

How many shares does Joel L. Frank beneficially own after the reported transactions?

He beneficially owns 9,177.516 shares directly following the reported purchase, which includes shares from the Dividend Reinvestment Plan.

When do the restricted shares granted to Joel L. Frank vest?

The 1,945 restricted shares vest 100% on the first anniversary of the grant date, per the Form 4 explanation.

Under what plan were the 88 shares purchased?

The 88 shares were purchased through the company's Director Stock Purchase Plan, as stated in the filing.

When was the Form 4 signed and filed?

The signature block shows the reporting person signed the form on 10/01/2025.