Mid Penn Bancorp (MPB) director granted 1,700 restricted shares, updates holdings

Rhea-AI Filing Summary

Specht William A III reported acquisition or exercise transactions in this Form 4 filing.

Mid Penn Bancorp Inc director William A. Specht III received an equity grant of 1,700 shares of restricted common stock on April 1, 2026. The award was granted at no cash cost per share and is scheduled to vest 100% on the first anniversary of the grant date.

Following this grant, Specht holds 1,700 shares of restricted stock directly, along with 13,501 shares of Mid Penn Bancorp, Inc. common stock in a direct account. He also has indirect ownership of 4,900 shares through Seal Glove Manufacturing, Inc., an entity he wholly owns, 2,235 shares in an IRA, and 31,210 shares as trustee of a family trust for the benefit of Janet E. Specht. The filing does not report any open-market purchases or sales, only this compensation-related stock award and updated holdings.

Insights

Bank equity compensation analyst

Routine director equity grant with updated direct and indirect holdings.

Director William A. Specht III received an award of 1,700 shares of restricted common stock that vest after one year. This is a standard equity-based compensation grant, recorded at a price of $0.00 per share, meaning no cash outlay by the director.

The filing also clarifies his broader ownership: direct common stock holdings of 13,501 shares plus indirect stakes through a wholly owned entity, an IRA, and a family trust. With no reported open-market buys or sells and no derivative activity, the overall signal is routine and mainly administrative, updating the company’s record of his total exposure.

Insider Trade Summary

5 transactions reported

Mixed 5 txns

Insider Specht William A III

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Mid Penn Bancorp, Inc. Common Restricted Stock	1,700	$0.00	--
holding	Mid Penn Bancorp, Inc. Common Stock	--	--	--
holding	Mid Penn Bancorp, Inc. Common Stock	--	--	--
holding	Mid Penn Bancorp, Inc. Common Stock	--	--	--
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 — 13,501 shares (Direct); Mid Penn Bancorp, Inc. Common Stock — 4,900 shares (Indirect, By entity wholly-owned)

Footnotes (1)

1. Shares granted in the form of restricted stock, which vests 100% on the first anniversary of the date of grant. Balance includes shares of restricted stock that vested on 4/1/2026. Represents shares held by Seal Glove Manufacturing, Inc., an entity wholly-owned by the Reporting Person. William A. Specht, III is trustee of a family trust of which the shares are held for the benefit of Janet E. Specht.

Key Figures

Restricted stock grant: 1,700 shares Grant price: $0.00 per share Direct common stock holdings: 13,501 shares +3 more

6 metrics

Restricted stock grant 1,700 shares Granted April 1, 2026; vests 100% after one year

Grant price $0.00 per share Director equity award, no cash paid by recipient

Direct common stock holdings 13,501 shares Mid Penn Bancorp, Inc. common stock held directly after grant

Indirect holdings via wholly owned entity 4,900 shares Held by Seal Glove Manufacturing, Inc., wholly owned by reporting person

Indirect IRA holdings 2,235 shares Mid Penn Bancorp, Inc. common stock held in IRA

Family trust holdings 31,210 shares Reporting person is trustee; held for benefit of Janet E. Specht

Key Terms

restricted stock, IRA, family trust, entity wholly-owned

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.

IRA financial

"Represents shares held indirectly in an IRA account for the reporting person"

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.

family trust financial

"trustee of a family trust of which the shares are held for the benefit of Janet E. Specht"

entity wholly-owned financial

"Represents shares held by Seal Glove Manufacturing, Inc., an entity wholly-owned by the Reporting Person"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Specht William A III

(Last) (First) (Middle)

2407 PARK DRVIE

(Street)

HARRISBURG PENNSYLVANIA 17110

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
MID PENN BANCORP INC [ MPB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Mid Penn Bancorp, Inc. Common Restricted Stock	04/01/2026		A		1,700	A	$0	1,700(1)	D
Mid Penn Bancorp, Inc. Common Stock								13,501(2)	D
Mid Penn Bancorp, Inc. Common Stock								4,900(3)	I	By entity wholly-owned
Mid Penn Bancorp, Inc. Common Stock								2,235	I	IRA
Mid Penn Bancorp, Inc. Common Stock								31,210(4)	I	Trustee

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares granted in the form of restricted stock, which vests 100% on the first anniversary of the date of grant.

2. Balance includes shares of restricted stock that vested on 4/1/2026.

3. Represents shares held by Seal Glove Manufacturing, Inc., an entity wholly-owned by the Reporting Person.

4. William A. Specht, III is trustee of a family trust of which the shares are held for the benefit of Janet E. Specht.

Remarks:

	/s/ William A. Specht, III	04/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Mid Penn Bancorp (MPB) director William A. Specht III receive in this Form 4?

He received a grant of 1,700 shares of restricted common stock. The shares were awarded at no cash cost and are part of his equity compensation, rather than an open-market purchase, and update his overall ownership position in Mid Penn Bancorp.

When do William A. Specht III’s 1,700 MPB restricted shares vest?

The 1,700 restricted shares vest 100% on the first anniversary of the grant date. This means the entire award becomes fully vested one year after April 1, 2026, aligning his compensation with longer-term alignment to Mid Penn Bancorp’s performance.

How many Mid Penn Bancorp (MPB) shares does William A. Specht III now hold directly?

He now directly holds 1,700 shares of restricted stock and 13,501 shares of common stock. The restricted shares are subject to vesting, while the common stock represents fully owned shares in his personal account, reflecting his direct stake in Mid Penn Bancorp.

What indirect MPB shareholdings are reported for William A. Specht III?

The filing reports 4,900 shares held through Seal Glove Manufacturing, Inc., which he wholly owns, 2,235 shares held in an IRA, and 31,210 shares held as trustee of a family trust for the benefit of Janet E. Specht, reflecting broader indirect exposure.

Does this Mid Penn Bancorp (MPB) Form 4 show any stock sales by William A. Specht III?

It does not report any open-market stock sales or purchases. The filing records a compensation-related grant of restricted stock and updates his direct and indirect holdings, indicating an acquisition via award rather than a discretionary trade in Mid Penn Bancorp shares.

Is the 1,700-share MPB restricted stock grant a cash transaction for William A. Specht III?

No, the grant is recorded at a price of $0.00 per share to the reporting person. This reflects a standard equity compensation grant from Mid Penn Bancorp, where the director receives shares as part of compensation without paying cash in the market.