Mid Penn director granted 1,700 restricted shares
Mid Penn Bancorp director Frank Joel L. 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 Frank Joel L. received a grant of 1,700 shares of Mid Penn Bancorp, Inc. common restricted stock on April 1, 2026. The shares were granted at $0.00 as equity compensation and are scheduled to vest 100% on the first anniversary of the grant date.
Following this grant and related activity, he now directly holds 11,353.499 shares of Mid Penn Bancorp, Inc. common stock, including shares acquired through the company’s Dividend Reinvestment Plan and previously granted restricted stock that vested on April 1, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,700 shares
Grant/Award
2 txns
Insider
Frank Joel L.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Mid Penn Bancorp, Inc. Common Restricted Stock | 1,700 | $0.00 | $0.00 |
| 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 — 11,353.499 shares (Direct)
Footnotes (2)
- 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 Dividend Reinvestment Plan and shares of restricted stock that vested on 4/1/2026.
Key Figures
Restricted stock grant: 1,700 shares
Grant price: $0.00 per share
Vesting schedule: 100% after 1 year
+1 more
4 metrics
Restricted stock grant
1,700 shares
Common restricted stock granted on April 1, 2026
Grant price
$0.00 per share
Equity compensation, non-market transaction
Vesting schedule
100% after 1 year
Restricted stock vests on first anniversary of grant
Shares held after transaction
11,353.499 shares
Direct common stock holdings after April 1, 2026 activity
Key Terms
restricted stock, Dividend Reinvestment Plan, grant, award, or other acquisition, Form 4
4 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.
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
Form 4 regulatory
"INSIDER FILING DATA (Form 4): {"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Mid Penn Bancorp (MPB) disclose for Frank Joel L.?
Mid Penn Bancorp reported that director Frank Joel L. received a grant of 1,700 shares of common restricted stock on April 1, 2026. The grant was priced at $0.00 per share as equity compensation, not an open-market purchase.
How do the new restricted stock awards for MPB’s Frank Joel L. vest?
The 1,700 shares of restricted stock granted to Frank Joel L. vest 100% on the first anniversary of the April 1, 2026 grant date. This means all shares become fully vested at once after one year, assuming any applicable conditions are met.
Was the MPB insider transaction an open-market buy or a compensation grant?
The transaction for Mid Penn Bancorp was a compensation grant, not an open-market purchase. Director Frank Joel L. received 1,700 restricted shares at $0.00 per share as a grant or award, consistent with the Form 4 disclosure and footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
