Mid Penn director granted 1,700 restricted shares
De Soto Matthew G reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
De Soto Matthew G reported acquisition or exercise transactions in this Form 4 filing.
Mid Penn Bancorp director Matthew G. De Soto received a grant of 1,700 shares of restricted common stock on April 1, 2026. The award was granted at no cash cost and will vest 100% on the first anniversary of the grant date. After this filing, he directly holds 117,171.002 common shares, plus indirect holdings of 4,299 shares through a PUTMA for children and 78 shares through L T D Investments.
Insider Trade Summary
Grant/Award: 1,700 shares
Grant/Award
4 txns
Insider
De Soto Matthew G
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Mid Penn Bancorp, Inc. Common Restricted Stock | 1,700 | $0.00 | $0.00 |
| 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 — 117,171.002 shares (Direct);
Mid Penn Bancorp, Inc. Common Stock — 4,299 shares (Indirect, By PUTMA for Children);
Mid Penn Bancorp, Inc. Common Stock — 78 shares (Indirect, By L T D Investments)
Footnotes (2)
- F1. Shares granted in the form of restricted stock, which vests 100% on the first anniversary of the date of grant.
- F2. Balance includes shares acquired through Dividend Reinvestment Plan and shares of restricted stock that vested on 4/1/2026.
Key Figures
Restricted stock grant: 1,700 shares
Grant price: $0.0000 per share
Vesting schedule: 100% after 1 year
+3 more
6 metrics
Restricted stock grant
1,700 shares
Awarded on April 1, 2026 to director Matthew G. De Soto
Grant price
$0.0000 per share
Restricted stock awarded at no cash cost
Vesting schedule
100% after 1 year
Restricted stock vests on first anniversary of grant date
Direct common holdings
117,171.002 shares
Direct Mid Penn Bancorp common stock after reported transactions
Indirect PUTMA holdings
4,299 shares
Indirect ownership by PUTMA for Children
Indirect L T D holdings
78 shares
Indirect ownership by L T D Investments
Key Terms
restricted stock, Dividend Reinvestment Plan, PUTMA, indirect ownership
4 terms
restricted stock financial
"Shares granted in the form of restricted stock, which vests 100%"
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 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.
PUTMA financial
"By PUTMA for Children"
indirect ownership financial
"nature_of_ownership: By PUTMA for Children; By L T D Investments"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did MPB director Matthew G. De Soto report?
Matthew G. De Soto reported receiving 1,700 shares of Mid Penn Bancorp restricted common stock as a grant. The shares were awarded at no cash cost and are part of his director compensation, increasing his equity-based alignment with shareholders.
How do the new restricted stock awards at MPB vest for Matthew G. De Soto?
The 1,700 restricted shares granted to Matthew G. De Soto vest 100% on the first anniversary of the grant date. This means the entire award becomes fully owned one year after April 1, 2026, encouraging at least a one-year holding period.
What does the indirect MPB ownership "By PUTMA for Children" mean in this filing?
The filing shows 4,299 Mid Penn Bancorp shares held indirectly "By PUTMA for Children." This indicates shares are owned through a custodial arrangement for children, with the position reported as an indirect holding associated with Matthew G. De Soto.
Does this MPB Form 4 show any open-market buying or selling by Matthew G. De Soto?
This Form 4 shows a grant of 1,700 restricted shares to Matthew G. De Soto, coded as an award acquisition. There are no transactions coded as open-market purchases or sales; the remaining entries simply update his direct and indirect share balances.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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