{"schema_version":"secwatch.filing_event.v1","accession":"0000879635-25-000173","form_type":"8-K","ticker":"MPB","cik":"0000879635","company_name":"MID PENN BANCORP INC","filed_at":"2025-10-24T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.443634+00:00","generated_at":"2026-05-17T02:24:12.033852+00:00","sec_items":["5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Mid Penn Bancorp grants CEO Ritrievi $404k annual SERP and split dollar life insurance","bullets":["New 2025 SERP provides CEO Rory Ritrievi a $404,480 annual retirement benefit, vesting ratably over 10 years after age 73, with 2% annual increase post-vesting.","Split dollar agreement pays death benefit to Ritrievi's beneficiary: lesser of SERP Differential or Net Death Proceeds; terminates at separation from service.","SERP accelerates vesting on change-in-control or disability; includes non-compete and non-solicitation covenants with forfeiture for violation.","Benefit paid monthly over 15 years starting at later of separation or age 73; no excise tax gross-up for excess parachute payments under IRC Section 280G."],"urls":{"canonical":"https://secwatch.observer/filing/0000879635-25-000173","json":"https://secwatch.observer/filing/0000879635-25-000173.json","markdown":"https://secwatch.observer/filing/0000879635-25-000173.md","text":"https://secwatch.observer/filing/0000879635-25-000173.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/879635/000087963525000173/0000879635-25-000173-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/879635/000087963525000173/mpb-20251024.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T02:24:12.033852+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}