Kenneth J. Stephon - Apr 30, 2025 Form 4 Insider Report for MID PENN BANCORP INC (MPB)

Role
Chief Corp Development Officer, Director
Signature
/s/ Kenneth J. Stephon
Stock symbol
MPB
Transactions as of
Apr 30, 2025
Transactions value $
$0
Form type
4
Date filed
5/2/2025, 09:09 AM
Previous filing
May 20, 2024
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Stephon Kenneth John Chief Corp Development Officer, Director 2407 PARK DRIVE, HARRISBURG /s/ Kenneth J. Stephon 2025-05-02 0001850485

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MPB Mid Penn Bancorp, Inc. Common Stock Award $0 +36.2K $0.00 36.2K Apr 30, 2025 Direct F1
transaction MPB Mid Penn Bancorp, Inc. Common Stock Award $0 +17.4K $0.00 17.4K Apr 30, 2025 By 401(k) F1
transaction MPB Mid Penn Bancorp, Inc. Common Stock Award $0 +16.4K $0.00 16.4K Apr 30, 2025 By IRA F1
transaction MPB Mid Penn Bancorp, Inc. Common Stock Award $0 +4.4K $0.00 4.4K Apr 30, 2025 By ESOP F1
transaction MPB Mid Penn Bancorp, Inc. Common Restricted Stock Award $0 +32.3K $0.00 32.3K Apr 30, 2025 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding MPB Stock Option (right to buy) 135K Apr 30, 2025 Mid Penn Bancorp, Inc. Common Stock 135K $27.26 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Acquired pursuant to the Agreement and Plan of Merger, dated October 31, 2024 (the "Merger Agreement"), by and between Mid Penn Bancorp, Inc. ("MPB") and William Penn Bancorporation ("WMPN"), pursuant to which WMPN merged with and into MPB, with MPB continuing as the surviving corporation ("Merger"), on April 30, 2025. Pursuant to the Merger Agreement, at the effective time of the Merger (the "Effective Time"), each share of common stock of WMPN issued and outstanding immediately prior to the Effective Time was converted into the right to receive 0.426 shares of common stock of MPB (the "Exchange Ratio"), and each outstanding option to acquire WMPN common stock was adjusted to reflect the Exchange Ratio.
F2 Restricted stock granted pursuant to the William Penn Bancorporation 2022 Equity Incentive Plan, which vest ratably over five years commencing May 17, 2023.
F3 Exercise price has been adjusted to reflect the Exchange Ratio.
F4 Stock options granted pursuant to the William Penn Bancorporation 2022 Equity Incentive Plan, which vest ratably over five years commencing May 17, 2023.