Earnings Feed
Start Free
MID PENN BANCORP INC·4

Apr 3, 3:47 PM ET

Paese Joseph L 4

Research Summary

AI-generated summary

Updated

MID PENN BANCORP (MPB) Director Joseph Paese Receives 3,051-Share Award

What Happened

Joseph L. Paese, Director — Trust & Wealth Management at MID PENN BANCORP (MPB), was granted 3,051 shares of restricted stock on April 1, 2026. The shares were reported at $0.00 per share (an award/grant), so no cash was paid. The filing shows these are restricted shares that vest over time rather than an open-market purchase or sale.

Key Details

  • Transaction date: 2026-04-01; Form 4 filed: 2026-04-03 (appears timely, within the usual two-business-day reporting window).
  • Transaction type/code: A — Grant/Award of restricted stock.
  • Shares granted: 3,051; Reported price: $0.00; cash value at grant: $0.
  • Vesting: Footnote indicates shares are restricted stock that vest ratably over three years (and per grant terms).
  • Additional notes from filing: balance reported includes restricted shares that vested on 4/1/2026 and shares acquired via the Dividend Reinvestment Plan.
  • Post-transaction total holdings: not specified in the excerpt provided.

Context

Restricted stock grants are typically compensation and subject to vesting conditions; they do not indicate an immediate market purchase or sale. Because no cash was exchanged, this is a compensation award rather than an investment by the insider. Retail investors often view purchases of shares in the open market as stronger signals of insider conviction than routine compensation grants.