MPB CEO has shares withheld for tax on vesting
Mid Penn Bancorp, Inc. President and CEO Rory G. Ritrievi reported a routine tax-related share withholding.
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Form Type
4
Rhea-AI Filing Summary
Mid Penn Bancorp, Inc. President and CEO Rory G. Ritrievi reported a routine tax-related share withholding. On the vesting of restricted stock on June 1, 2026, 356 common shares were withheld at $32.11 per share to cover tax liability. Following this, he directly holds 62,534.03 common shares, plus 35,362 restricted shares and 11,033.643 shares held indirectly through an IRA. This reflects compensation and tax mechanics rather than an open-market sale.
Insider Trade Summary
Exercise Price or Tax Liability: 356 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 | 356 | $32.11 | $11K |
| holding | Mid Penn Bancorp, Inc. Common Stock | -- | -- | -- |
| holding | Mid Penn Bancorp, Inc. Common Restricted Stock | -- | -- | -- |
Holdings After Transaction:
Mid Penn Bancorp, Inc. Common Stock — 62,534.03 shares (Direct);
Mid Penn Bancorp, Inc. Common Stock — 11,033.643 shares (Indirect, IRA);
Mid Penn Bancorp, Inc. Common Restricted Stock — 35,362 shares (Direct)
Footnotes (4)
- F1. Represents shares withheld to cover the tax liability incident to the vesting of restricted stock on June 1, 2026.
- F2. Balance includes shares acquired through the Employee Stock Purchase Plan, Dividend Reinvestment Plan, and shares of restricted stock that vested on May 1, 2026, and June 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: 356 shares
Withholding price: $32.11 per share
Direct common holdings: 62,534.03 shares
+2 more
5 metrics
Tax-withheld shares
356 shares
Common stock withheld for tax liability on June 1, 2026
Withholding price
$32.11 per share
Value of shares withheld for taxes
Direct common holdings
62,534.03 shares
Common stock directly owned after transactions
Restricted stock holdings
35,362 shares
Restricted stock position reported as of June 1, 2026
Indirect IRA holdings
11,033.643 shares
Common shares held indirectly through an IRA
Key Terms
tax-withholding disposition, restricted stock, Employee Stock Purchase Plan, Dividend Reinvestment Plan, +1 more
5 terms
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
restricted stock financial
"Represents shares withheld to cover the tax liability incident to the vesting of restricted stock"
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.
Employee Stock Purchase Plan financial
"Balance includes shares acquired through the Employee Stock Purchase Plan"
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.
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
"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 President and CEO Rory G. Ritrievi report?
Rory G. Ritrievi reported a tax-withholding disposition of Mid Penn Bancorp common stock. 356 shares were withheld on June 1, 2026 to cover taxes from restricted stock vesting, a routine compensation-related event rather than an open-market trade.
Was the MPB Form 4 transaction an open-market sale by Rory G. Ritrievi?
No. The Form 4 identifies the main transaction as an F-code tax-withholding disposition. Shares were withheld by the issuer to pay taxes on restricted stock vesting, not sold by Ritrievi in the open market.
How is Rory G. Ritrievi’s indirect ownership in MPB structured?
The filing shows 11,033.643 Mid Penn Bancorp common shares held indirectly in an IRA. This is classified as indirect ownership, separate from his directly held common and restricted stock positions at the company.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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