Mid Penn Bancorp Inc. DEF 14A: Executive Compensation Details
Ticker: MPB · Form: DEF 14A · Filed: Mar 28, 2025 · CIK: 879635
| Field | Detail |
|---|---|
| Company | Mid Penn Bancorp INC (MPB) |
| Form Type | DEF 14A |
| Filed Date | Mar 28, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-compensation, proxy-statement, corporate-governance
Related Tickers: MPB
TL;DR
MPB DEF 14A out: exec comp details for 2020-2022, incl. equity awards.
AI Summary
Mid Penn Bancorp Inc. filed its DEF 14A on March 28, 2025, for the fiscal year ending December 31, 2024. The filing details executive compensation and other corporate governance matters. Key figures related to equity awards granted to Named Executive Officers (NEOs) and Non-NEOs for the fiscal years 2020 through 2022 are presented, including changes in the fair value of outstanding awards.
Why It Matters
This filing provides shareholders with crucial information regarding how executive compensation is structured and awarded, impacting corporate governance and investor confidence.
Risk Assessment
Risk Level: low — This is a routine annual filing (DEF 14A) detailing executive compensation and corporate governance, not indicating new or unusual risks.
Key Numbers
- 2020-2022 — Fiscal Years Covered (Executive compensation data, including equity awards, is detailed for these years.)
Key Players & Entities
- MID PENN BANCORP INC (company) — Filer
- PA (location) — State of Incorporation
- 20250328 (date) — Filing Date
- 2024-12-31 (date) — Fiscal Year End
FAQ
What is the primary purpose of a DEF 14A filing?
A DEF 14A filing, also known as a Definitive Proxy Statement, is used to solicit proxies from shareholders for an annual meeting and provides detailed information on executive compensation, board of directors, and other corporate governance matters.
What specific compensation data is highlighted for Mid Penn Bancorp Inc. in this filing?
The filing highlights data related to equity awards granted to Named Executive Officers (NEOs) and Non-NEOs, including their fair value and changes in fair value for the fiscal years 2020, 2021, and 2022.
Who are the Named Executive Officers (NEOs) for Mid Penn Bancorp Inc. as indicated by the filing structure?
While specific names are not listed in the provided excerpt, the structure of the filing implies that data for NEOs is presented separately from Non-NEOs, typically including the CEO, CFO, and other top executives.
What is the significance of the 'Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years' metric?
This metric reflects the change in the estimated value of equity awards that were granted in previous years but have not yet vested, indicating potential gains or losses for executives based on stock performance and other valuation factors.
When was this DEF 14A filing submitted to the SEC?
This DEF 14A filing was submitted to the SEC on March 28, 2025.
Filing Details
This Form DEF 14A (Form DEF 14A) was filed with the SEC on March 28, 2025 regarding MID PENN BANCORP INC (MPB).