Mid Penn Bancorp (MPB) executive reports restricted stock vesting and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mid Penn Bancorp, Inc. director and Chief Corp Development Officer Kenneth John reported vesting of 10,769 shares of restricted stock on May 15, 2026 under the William Penn Bancorporation 2022 Equity Incentive Plan. To cover related tax liability, 5,261 shares of common stock were withheld at $31.12 per share.
After these compensation-related entries and an associated internal share transfer, John directly holds 50,854 shares of common stock. He also has indirect holdings through an ESOP and an IRA, and retains stock options covering 134,616 shares at an exercise price of $27.26 per share expiring on May 17, 2032. The filing reflects routine vesting, tax withholding, and updated ownership balances, with no open-market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Stephon Kenneth John
Role
Chief Corp Development Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Mid Penn Bancorp, Inc. Common Stock | 10,769 | $0.00 | -- |
| Tax Withholding | Mid Penn Bancorp, Inc. Common Stock | 5,261 | $31.12 | $164K |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Mid Penn Bancorp, Inc. Common Restricted Stock | -- | -- | -- |
| holding | Mid Penn Bancorp, Inc. Common Stock | -- | -- | -- |
| holding | Mid Penn Bancorp, Inc. Common Stock | -- | -- | -- |
| holding | Mid Penn Bancorp, Inc. Common Restricted Stock | -- | -- | -- |
Holdings After Transaction:
Mid Penn Bancorp, Inc. Common Stock — 50,854 shares (Direct, null);
Stock Option (right to buy) — 134,616 shares (Direct, null);
Mid Penn Bancorp, Inc. Common Restricted Stock — 10,769 shares (Direct, null);
Mid Penn Bancorp, Inc. Common Stock — 37,837 shares (Indirect, By IRA)
Footnotes (1)
- Since the last report, 10,769 shares of restricted stock vested on May 15, 2026, pursuant to the William Penn Bancorporation 2022 Equity Incentive Plan. Represents shares withheld to cover the tax liability incident to the vesting of restricted stock. Restricted stock granted pursuant to the William Penn Bancorporation 2022 Equity Incentive Plan, which vest ratably over five years commencing May 17, 2023. 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. Stock options granted pursuant to the William Penn Bancorporation 2022 Equity Incentive Plan, which vest ratably over five years commencing May 17, 2023.
Key Figures
Restricted stock vested: 10,769 shares
Shares withheld for taxes: 5,261 shares at $31.12/share
Direct common shares after: 50,854 shares
+3 more
6 metrics
Restricted stock vested
10,769 shares
Vested on May 15, 2026 under 2022 Equity Incentive Plan
Shares withheld for taxes
5,261 shares at $31.12/share
Withheld to cover tax liability on restricted stock vesting
Direct common shares after
50,854 shares
Direct Mid Penn Bancorp common stock holdings after transactions
Indirect ESOP holdings
956.1950 shares
Common stock held indirectly through ESOP
Indirect IRA holdings
37,837.0000 shares
Common stock held indirectly through IRA
Outstanding stock options
134,616 underlying shares at $27.26
Stock options expiring May 17, 2032, direct ownership
Key Terms
restricted stock, tax liability, Dividend Reinvestment Plan, Stock Option (right to buy), +1 more
5 terms
restricted stock financial
"10,769 shares of restricted stock vested on May 15, 2026, pursuant to the William Penn Bancorporation 2022 Equity Incentive Plan."
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.
tax liability financial
"Represents shares withheld to cover the tax liability incident to the vesting of restricted stock."
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.
Stock Option (right to buy) financial
"Stock Option (right to buy) ... Stock options granted pursuant to the William Penn Bancorporation 2022 Equity Incentive Plan"
Equity Incentive Plan financial
"pursuant to the William Penn Bancorporation 2022 Equity Incentive Plan, which vest ratably over five years commencing May 17, 2023."
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
