Mid Penn Bancorp (MPB) Director Purchase, Restricted Stock and 401(k) Holdings
Rhea-AI Filing Summary
Albert J. Evans, a director of Mid Penn Bancorp Inc. (MPB), reported transactions on Form 4 showing a purchase and other holdings as of 09/30/2025. The filing discloses 349 shares purchased at $28.64 through the Director Stock Purchase Plan on 09/30/2025. The report lists 38,879.12 as the amount of securities beneficially owned following the reported transactions, and separately identifies 1,260.674 shares held indirectly by a 401(k) and 1,945 shares granted as restricted stock that vest 100% on the first anniversary of the grant. Some shares are held in the name of Frontier Trust FSB, TTEE Fanelli, Evans & Patel. The form is signed by Albert J. Evans on 10/01/2025.
Positive
- Director purchased shares through the Director Stock Purchase Plan, aligning interests with shareholders
- Restricted stock grant vests 100% after one year, indicating retention incentive and alignment
Negative
- None.
Insights
TL;DR: Routine insider purchase by a director, increases alignment with shareholders but appears non-material to valuation.
The Form 4 documents a director purchase under the Director Stock Purchase Plan and shows restricted stock and retirement-plan holdings. Such purchases typically signal insider alignment with shareholder interests and adherence to compensation governance practices because restricted stock vests over time. The filing does not indicate sales, unusual derivatives, or large changes in ownership that would materially alter control or trigger disclosure of a new controlling position. Reporting is timely and includes ownership held via trust and a 401(k), which is common for executives and directors.
TL;DR: Transaction is small and routine; no immediate material impact on MPB’s capitalization or control.
The purchase of 349 shares at $28.64 is disclosed along with existing holdings summarized as 38,879.12 shares beneficially owned after the transaction and additional positions of 1,260.674 (401(k)) and 1,945 (restricted stock). The restricted shares vest 100% after one year, implying retention incentives. Absent larger disposals, option exercises, or derivative activity, this Form 4 represents routine insider participation rather than a material corporate event.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Mid Penn Bancorp, Inc. Common Stock | 349 | $28.64 | $10K |
| holding | Mid Penn Bancorp, Inc. Common Stock | -- | -- | -- |
| holding | Mid Penn Bancorp, Inc. Common Restricted Stock | -- | -- | -- |
Footnotes (1)
- Shares purchased through the Director Stock Purchase Plan. Balance includes shares acquired through the Dividend Reinvestment Plan. Shares held in the name of Frontier Trust FSB, TTEE Fanelli, Evans & Patel. Shares granted in the form of restricted stock, which vests 100% on the first anniversary of the date of grant.
