Director adds Mid Penn (MPB) shares via stock and dividend plans
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mid Penn Bancorp director Frank Joel L. reported an open-market purchase of 72 shares of common stock at $34.84 per share, described as being made through the Director Stock Purchase Plan. Following this transaction, he directly owns 11,459.755 common shares, including shares acquired through the Dividend Reinvestment Plan.
He also holds 1,700 shares of Mid Penn Bancorp, Inc. common restricted stock, which vest 100% on the first anniversary of the grant date. These positions reflect his current direct equity stake as of the reported date.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 72 shares ($2,508)
Net Buy
2 txns
Insider
Frank Joel L.
Role
null
Bought
72 shs ($3K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Mid Penn Bancorp, Inc. Common Stock | 72 | $34.84 | $3K |
| holding | Mid Penn Bancorp, Inc. Common Restricted Stock | -- | -- | -- |
Holdings After Transaction:
Mid Penn Bancorp, Inc. Common Stock — 11,459.755 shares (Direct, null);
Mid Penn Bancorp, Inc. Common Restricted Stock — 1,700 shares (Direct, null)
Footnotes (1)
- Shares purchased through the Director Stock Purchase Plan. Balance includes shares acquired through the Dividend Reinvestment Plan. Shares granted in the form of restricted stock, which vests 100% on the first anniversary of the date of grant.
Key Figures
Shares purchased: 72 shares
Purchase price: $34.84 per share
Common shares after transaction: 11,459.755 shares
+1 more
4 metrics
Shares purchased
72 shares
Open-market purchase on 2026-06-30
Purchase price
$34.84 per share
Open-market purchase on 2026-06-30
Common shares after transaction
11,459.755 shares
Direct holdings following transaction
Restricted stock holdings
1,700 shares
Vests 100% on first anniversary of grant
Key Terms
Director Stock Purchase Plan, Dividend Reinvestment Plan, restricted stock
3 terms
Director Stock Purchase Plan financial
"Shares purchased through the Director Stock Purchase Plan."
A director stock purchase plan lets members of a company's board buy the company’s shares, often through scheduled contributions or discounted purchases approved by the board. For investors, it acts like a vote of confidence—when people who oversee the company put their own money in, it suggests they believe in the business—while also affecting share counts and ownership balance, which can influence stock value and corporate control.
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.
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.
FAQ
What did Mid Penn Bancorp (MPB) director Frank Joel L. report in this Form 4?
He reported buying 72 shares of Mid Penn Bancorp common stock. The purchase was at $34.84 per share and made through the Director Stock Purchase Plan, updating his disclosed direct ownership position in company shares.
Does the Mid Penn Bancorp (MPB) director hold any restricted stock according to this filing?
Yes. He holds 1,700 shares of Mid Penn Bancorp common restricted stock. The filing states these shares were granted as restricted stock and will vest 100% on the first anniversary of the grant date, subject to that vesting condition.
What type of transaction does the Form 4 report for Mid Penn Bancorp (MPB)?
The Form 4 reports an open-market purchase of common stock by a company director. It also shows existing holdings of restricted stock and clarifies that some common shares were accumulated via dividend reinvestment and the Director Stock Purchase Plan.