MID PENN BANCORP INC·4

Apr 3, 9:58 AM ET

Brumbaugh Kimberly J 4

Research Summary

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MID PENN BANCORP (MPB) Director Kimberly Brumbaugh Receives Award

What Happened
Kimberly J. Brumbaugh, a director of Mid Penn Bancorp, was granted 1,700 shares as a restricted stock award on April 1, 2026. The grant was reported on an SEC Form 4 filed April 3, 2026; the shares were issued at $0.00 (no cash paid) and will vest 100% on the first anniversary of the grant (April 1, 2027). This is a compensation award rather than an open-market purchase or sale.

Key Details

  • Transaction type: Award/Grant (Form 4 code A).
  • Transaction date: 2026-04-01; Form 4 filed: 2026-04-03 (filed timely).
  • Shares granted: 1,700 restricted shares; price reported $0.00 (no cash paid).
  • Vesting: 100% vests on 4/1/2027 (per filing footnote).
  • Shares owned after transaction: Not specified in the summary provided; filing footnotes note balances include Dividend Reinvestment Plan shares and restricted stock that vested on 4/1/2026.
  • Footnotes of note: F1 (restricted stock vests 1 year after grant); F2/F3 reference balances including DRIP and recently vested restricted shares.

Context
Restricted stock awards to directors are a common form of compensation and do not represent an immediate market purchase or sale. Because the shares vest in one year, they are typically non-transferable until the vesting date and therefore do not signal an immediate trading intent. The filing appears timely (filed two days after the transaction), and there is no indication of a contemporaneous sale or exercise.