Mid Penn CEO logs tax-withholding of 2,136 shares
Mid Penn Bancorp, Inc. President and CEO Rory G. Ritrievi reported a tax-related share withholding tied to restricted stock vesting.
Rhea-AI Filing Summary
Mid Penn Bancorp, Inc. President and CEO Rory G. Ritrievi reported a tax-related share withholding tied to restricted stock vesting. On July 1, 2026, 2,136 shares of Mid Penn Bancorp common stock were withheld at $35.68 per share to cover tax liability when restricted stock vested. After this disposition, he directly holds 69,078.03 common shares, 28,017 shares of common restricted stock, and indirectly holds 11,033.643 common shares through an IRA, reflecting a routine compensation and tax event rather than an open‑market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 2,136 shares
Exercise Price or Tax Liability
3 txns
Insider
RITRIEVI RORY G
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Mid Penn Bancorp, Inc. Common Stock | 2,136 | $35.68 | $76K |
| holding | Mid Penn Bancorp, Inc. Common Stock | -- | -- | -- |
| holding | Mid Penn Bancorp, Inc. Common Restricted Stock | -- | -- | -- |
Holdings After Transaction:
Mid Penn Bancorp, Inc. Common Stock — 69,078.03 shares (Direct);
Mid Penn Bancorp, Inc. Common Stock — 11,033.643 shares (Indirect, IRA);
Mid Penn Bancorp, Inc. Common Restricted Stock — 28,017 shares (Direct)
Footnotes (4)
- F1. Represents shares withheld to cover the tax liability incident to the vesting of restricted stock on July 1, 2026.
- F2. Balance includes shares acquired through the Employee Stock Purchase Plan, the Dividend Reinvestment Plan, and shares of restricted stock that vested on July 1, 2026.
- F3. Balance includes shares acquired through the Dividend Reinvestment Plan.
- F4. Shares granted in the form of restricted stock, which vest according to the terms of each respective grant.
Key Figures
Tax-withheld shares: 2,136 shares
Tax-withholding price: $35.68 per share
Direct common shares after transaction: 69,078.03 shares
+2 more
5 metrics
Tax-withheld shares
2,136 shares
Shares withheld for tax liability on restricted stock vesting July 1, 2026
Tax-withholding price
$35.68 per share
Value used for the 2,136-share tax-withholding disposition
Direct common shares after transaction
69,078.03 shares
Direct Mid Penn Bancorp common stock holdings following the Form 4 transaction
Restricted stock holdings
28,017 shares
Mid Penn Bancorp common restricted stock held after vesting event
Indirect IRA holdings
11,033.643 shares
Common shares held indirectly through an IRA after the transaction
Key Terms
tax liability, restricted stock, Dividend Reinvestment Plan, Employee Stock Purchase Plan, +1 more
5 terms
tax liability financial
"Represents shares withheld to cover the tax liability incident to the vesting of restricted stock on July 1, 2026."
restricted stock financial
"Shares granted in the form of restricted stock, which vest according to the terms of each respective grant."
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, and shares of restricted stock that vested on July 1, 2026."
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.
Employee Stock Purchase Plan financial
"Balance includes shares acquired through the Employee Stock Purchase Plan, the Dividend Reinvestment Plan, and shares of restricted stock that vested on July 1, 2026."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
IRA financial
"Mid Penn Bancorp, Inc. Common Stock ... nature_of_ownership: 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 MPB CEO Rory Ritrievi report on July 1, 2026?
Rory G. Ritrievi reported 2,136 Mid Penn Bancorp shares withheld to cover tax liability. The withholding occurred at $35.68 per share in connection with the vesting of restricted stock awards on July 1, 2026, and was not an open-market sale.
How are restricted stock awards described in the MPB Form 4 filing?
Restricted stock awards are described as shares granted in the form of restricted stock that vest according to each grant’s terms. On July 1, 2026, vesting triggered both additional owned shares and the tax-withholding disposition reported in the filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
