BRUGGER THOMAS R 4
4 · MID PENN BANCORP INC · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
MID PENN BANCORP (MPB) Director Thomas R. Brugger Receives Award
What Happened Thomas R. Brugger, a director of Mid Penn Bancorp, received three award/acquisition entries on February 27, 2026 totaling 7,824 shares: 2,466 shares @ $0.00, 5,310 shares @ $0.00, and 48 shares @ $0.00. The reported dollar amount for these awards is $0, reflecting that the shares were issued as merger-related consideration rather than an open-market purchase. This is an acquisition (award) rather than a sale.
Key Details
- Transaction date: 2026-02-27; Report filed: 2026-03-03 (filed within the usual two-business-day Form 4 window).
- Reported prices: $0.00 per share for all three awards; total reported consideration $0.
- Total shares received: 7,824 (2,466 + 5,310 + 48).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnote: The awards arise from the Feb 27, 2026 merger of 1st Colonial Bancorp, Inc. into Mid Penn. Each 1st Colonial share was convertible into either cash or 0.6945 of a Mid Penn share (subject to election, proration and fractional-share cash settlement); the indicated shares are subject to final allocation/proration.
Context These shares were issued as merger consideration, not purchased or sold on the open market, so they reflect corporate transaction mechanics rather than an explicit trading signal by the director. Merger-conversion awards are common in acquisitions and may be adjusted by proration or cash settlement for fractional shares.
Insider Transaction Report
- Award
Mid Penn Bancorp, Inc. Common Stock
[F1]2026-02-27+2,466→ 2,466 total - Award
Mid Penn Bancorp, Inc. Common Stock
[F1]2026-02-27+5,310→ 5,310 total(indirect: By Trust) - Award
Mid Penn Bancorp, Inc. Common Stock
[F1]2026-02-27+48→ 48 total(indirect: By IRA)
Footnotes (1)
- [F1]On February 27, 2026, the company formerly known as 1st Colonial Bancorp, Inc. (1st Colonial) merged with and into Mid Penn Bancorp, Inc. (the Issuer). At the effective time of the merger, each share of 1st Colonial common stock issued and outstanding immediately prior to the effective time was converted into the right to receive, at the election of the holder, either cash consideration or 0.6945 of a share of the Issuer's common stock, subject to adjustment and proration, with fractional shares settled in cash, pursuant to the Agreement and Plan of Merger, dated as of September 24, 2025, by and between 1st Colonial and the Issuer. The indicated shares are subject to final allocation and proration procedures.