Reported relationships
Latest disclosed role at each company.
| Company | Last reported as | Report date | Published |
|---|---|---|---|
| MID PENN BANCORP INCMPB · Entity 5021 | Director | September 30, 2026 | October 02, 2026 |
Disclosed balances
About these balances
Latest available filing per company, not a reconstructed current portfolio. Matching sequences show the last reported balance with all source rows expandable; grouping alone does not establish account ownership. Do not add unresolved positions together. Filings may omit unchanged positions, and amendments may correct only part of an older disclosure. Jointly reported shares are not necessarily this owner's personal holdings.
MID PENN BANCORP INC
Report date September 30, 2026 · Filed October 02, 2026
| Security / award | Ownership account | Disclosed shares / units | Disclosure context |
|---|---|---|---|
| Mid Penn Bancorp, Inc. Common StockSEC Table I · non-derivative | Direct | 11,559.708 |
Reported balance
After 2026-09-30 transaction · row 1
Account or security details depend on footnotes; rows are not merged.
1 source rowRow 1 · 2026-09-30 · Purchase · Acquired 70 · Balance 11,559.708 F1: Shares purchased through the Director Stock Purchase Plan. F2: Balance includes shares acquired through the Dividend Reinvestment Plan. |
| Mid Penn Bancorp, Inc. Common Restricted StockSEC Table I · non-derivative | Direct | 1,700 |
Reported balance
Holding disclosure · report date 2026-09-30 · row 2
Holding and transaction disclosures are not merged.
1 source rowRow 2 · Balance 1,700 F3: Shares granted in the form of restricted stock, which vests 100% on the first anniversary of the date of grant. |
Filing footnotes · ownership attribution and instrument terms
F1: Shares purchased through the Director Stock Purchase Plan.
F2: Balance includes shares acquired through the Dividend Reinvestment Plan.
F3: Shares granted in the form of restricted stock, which vests 100% on the first anniversary of the date of grant.
Transaction history
JSON APIPurchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”
The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.
| Transaction date | Company | Activity / security | Shares / units | Reported price | Reported value | Details |
|---|---|---|---|---|---|---|
| September 30, 2026 Filed Oct 2, 2026 21:06 UTC | MID PENN BANCORP INC MPB · Entity 5021 | PurchaseMid Penn Bancorp, Inc. Common Stock | 70 | $35.40 | $2,478.00 |
DisclosureSEC source: 0001749279-26-000010 · wk-form4_1790960808.xml · nonDerivative · entry 1 Frank Joel L. · CIK 0001749279 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 11,559.708 F1 · shares: Shares purchased through the Director Stock Purchase Plan. F2 · balance_after: Balance includes shares acquired through the Dividend Reinvestment Plan. Read SEC document |
| June 30, 2026 Filed Jul 2, 2026 20:14 UTC | MID PENN BANCORP INC MPB · Entity 5021 | PurchaseMid Penn Bancorp, Inc. Common Stock | 72 | $34.84 | $2,508.48 |
DisclosureSEC source: 0001749279-26-000008 · wk-form4_1783023292.xml · nonDerivative · entry 1 Frank Joel L. · CIK 0001749279 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 11,459.755 F1 · shares: Shares purchased through the Director Stock Purchase Plan. F2 · balance_after: Balance includes shares acquired through the Dividend Reinvestment Plan. Read SEC document |
| April 01, 2026 Filed Apr 3, 2026 14:00 UTC | MID PENN BANCORP INC MPB · Entity 5021 | GrantMid Penn Bancorp, Inc. Common Restricted Stock | 1,700 | $0.00 | $0.00 |
DisclosureSEC source: 0001749279-26-000006 · wk-form4_1775224850.xml · nonDerivative · entry 1 Frank Joel L. · CIK 0001749279 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 1,700 F1 · balance_after: Shares granted in the form of restricted stock, which vests 100% on the first anniversary of the date of grant. Read SEC document |
| March 31, 2026 Filed Apr 1, 2026 19:56 UTC | MID PENN BANCORP INC MPB · Entity 5021 | PurchaseMid Penn Bancorp, Inc. Common Stock | 78 | $32.16 | $2,508.48 |
DisclosureSEC source: 0001749279-26-000004 · wk-form4_1775073412.xml · nonDerivative · entry 1 Frank Joel L. · CIK 0001749279 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 9,408.499 F1 · shares: Shares purchased through the Director Stock Purchase Plan. F2 · balance_after: Balance includes shares acquired through the Dividend Reinvestment Plan. Read SEC document |
| December 31, 2025 Filed Jan 2, 2026 20:39 UTC | MID PENN BANCORP INC MPB · Entity 5021 | PurchaseMid Penn Bancorp, Inc. Common Stock | 80 | $31.02 | $2,481.60 |
DisclosureSEC source: 0001749279-26-000002 · wk-form4_1767386396.xml · nonDerivative · entry 1 Frank Joel L. · CIK 0001749279 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 9,292.61 F1 · shares: Shares purchased through the Director Stock Purchase Plan. F2 · balance_after: Balance includes shares acquired through the Dividend Reinvestment Plan. Read SEC document |
| September 30, 2025 Filed Oct 1, 2025 18:52 UTC | MID PENN BANCORP INC MPB · Entity 5021 | PurchaseMid Penn Bancorp, Inc. Common Stock | 88 | $28.64 | $2,520.32 |
DisclosureSEC source: 0001749279-25-000004 · wk-form4_1759344733.xml · nonDerivative · entry 1 Frank Joel L. · CIK 0001749279 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 9,177.516 F1 · shares: Shares purchased through the Director Stock Purchase Plan. F2 · balance_after: Balance includes shares acquired through the Dividend Reinvestment Plan. Read SEC document |
| June 30, 2025 Filed Jul 2, 2025 14:32 UTC | MID PENN BANCORP INC MPB · Entity 5021 | PurchaseMid Penn Bancorp, Inc. Common Stock | 88 | $28.20 | $2,481.60 |
DisclosureSEC source: 0000879635-25-000137 · wk-form4_1751466723.xml · nonDerivative · entry 1 Frank Joel L. · CIK 0001749279 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 9,059.069 F1 · shares: Shares purchased through the Director Stock Purchase Plan. F2 · balance_after: Balance includes shares acquired through the Dividend Reinvestment Plan. Read SEC document |
| April 01, 2025 Filed Apr 3, 2025 18:38 UTC | MID PENN BANCORP INC MPB · Entity 5021 | GrantMid Penn Bancorp, Inc. Common Restricted Stock | 1,945 | $0.00 | $0.00 |
DisclosureSEC source: 0000879635-25-000058 · wk-form4_1743705489.xml · nonDerivative · entry 1 Frank Joel L. · CIK 0001749279 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 1,945 F1 · balance_after: Shares granted in the form of restricted stock, which vests 100% on the first anniversary of the date of grant. Read SEC document |
| March 31, 2025 Filed Apr 1, 2025 19:44 UTC | MID PENN BANCORP INC MPB · Entity 5021 | PurchaseMid Penn Bancorp, Inc. Common Stock | 97 | $25.91 | $2,513.27 |
DisclosureSEC source: 0000879635-25-000040 · wk-form4_1743536679.xml · nonDerivative · entry 1 Frank Joel L. · CIK 0001749279 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 7,939.391 F1 · shares: Shares purchased through the Director Stock Purchase Plan. F2 · balance_after: Balance includes shares acquired through the Dividend Reinvestment Plan. Read SEC document |
| December 31, 2024 Filed Jan 2, 2025 16:18 UTC | MID PENN BANCORP INC MPB · Entity 5021 | PurchaseMid Penn Bancorp, Inc. Common Stock | 87 | $28.84 | $2,509.08 |
DisclosureSEC source: 0000879635-25-000008 · wk-form4_1735834724.xml · nonDerivative · entry 1 Frank Joel L. · CIK 0001749279 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 7,813.413 F1 · shares: Shares purchased through the Director Stock Purchase Plan. F2 · balance_after: Balance includes shares acquired through the Dividend Reinvestment Plan. Read SEC document |
| November 01, 2024 Filed Nov 5, 2024 15:58 UTC | MID PENN BANCORP INC MPB · Entity 5021 | PurchaseMid Penn Bancorp, Inc. Common Stock | 1,000 | $29.50 | $29,500.00 |
DisclosureSEC source: 0000879635-24-000190 · wk-form4_1730822311.xml · nonDerivative · entry 1 Frank Joel L. · CIK 0001749279 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 7,701.2 F1 · balance_after: Balance includes shares acquired through the Dividend Reinvestment Plan. Read SEC document |
| September 30, 2024 Filed Oct 2, 2024 16:49 UTC | MID PENN BANCORP INC MPB · Entity 5021 | PurchaseMid Penn Bancorp, Inc. Common Stock | 83 | $29.83 | $2,475.89 |
DisclosureSEC source: 0000879635-24-000161 · wk-form4_1727887787.xml · nonDerivative · entry 1 Frank Joel L. · CIK 0001749279 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 6,701.2 F1 · shares: Shares purchased through the Director Stock Purchase Plan. F2 · balance_after: Balance includes shares acquired through the Dividend Reinvestment Plan. Read SEC document |
| June 28, 2024 Filed Jul 2, 2024 13:30 UTC | MID PENN BANCORP INC MPB · Entity 5021 | PurchaseMid Penn Bancorp, Inc. Common Stock | 114 | $21.95 | $2,502.30 |
DisclosureSEC source: 0000879635-24-000130 · wk-form4_1719927005.xml · nonDerivative · entry 1 Frank Joel L. · CIK 0001749279 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 6,591.033 F1 · shares: Shares purchased through the Director Stock Purchase Plan. F2 · balance_after: Balance includes shares acquired through the Dividend Reinvestment Plan. Read SEC document |
| April 01, 2024 Filed Apr 3, 2024 18:29 UTC | MID PENN BANCORP INC MPB · Entity 5021 | GrantMid Penn Bancorp, Inc. Common Restricted Stock | 999 | $0.00 | $0.00 |
DisclosureSEC source: 0000879635-24-000077 · wk-form4_1712168935.xml · nonDerivative · entry 1 Frank Joel L. · CIK 0001749279 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 999 F1 · shares: Shares granted in the form of restricted stock, which vests 100% on the first anniversary of the date of grant. Read SEC document |
| March 28, 2024 Filed Apr 1, 2024 18:59 UTC | MID PENN BANCORP INC MPB · Entity 5021 | PurchaseMid Penn Bancorp, Inc. Common Stock | 126 | $20.01 | $2,521.26 |
DisclosureSEC source: 0000879635-24-000059 · wk-form4_1711997950.xml · nonDerivative · entry 1 Frank Joel L. · CIK 0001749279 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 6,440.291 F1 · shares: Shares purchased through the Director Stock Purchase Plan. F2 · balance_after: Balance includes shares acquired through the Dividend Reinvestment Plan. Read SEC document |
| December 29, 2023 Filed Jan 2, 2024 21:28 UTC | MID PENN BANCORP INC MPB · Entity 5021 | PurchaseMid Penn Bancorp, Inc. Common Stock | 102 | $24.28 | $2,476.56 |
DisclosureSEC source: 0000879635-24-000008 · wk-form4_1704230873.xml · nonDerivative · entry 1 Frank Joel L. · CIK 0001749279 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 6,278.424 F1 · shares: Shares purchased through the Director Stock Purchase Plan. F2 · balance_after: Balance includes shares acquired through the Dividend Reinvestment Plan. Read SEC document |
| September 29, 2023 Filed Oct 2, 2023 18:46 UTC | MID PENN BANCORP INC MPB · Entity 5021 | PurchaseMid Penn Bancorp, Inc. Common Stock | 125 | $20.13 | $2,516.25 |
DisclosureSEC source: 0000879635-23-000071 · wk-form4_1696272371.xml · nonDerivative · entry 1 Frank Joel L. · CIK 0001749279 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 6,142.447 F1 · shares: Shares purchased through the Director Stock Purchase Plan. F2 · balance_after: Balance includes shares acquired through the Dividend Reinvestment Plan. Read SEC document |
| June 30, 2023 Filed Jul 5, 2023 16:06 UTC | MID PENN BANCORP INC MPB · Entity 5021 | PurchaseMid Penn Bancorp, Inc. Common Stock | 113 | $22.08 | $2,495.04 |
DisclosureSEC source: 0000879635-23-000046 · wk-form4_1688573169.xml · nonDerivative · entry 1 Frank Joel L. · CIK 0001749279 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 5,985.902 F1 · shares: Shares purchased through the Director Stock Purchase Plan. F2 · balance_after: Balance includes shares acquired through the Dividend Reinvestment Plan. Read SEC document |
| December 31, 2021 Filed Jan 4, 2022 15:36 UTC | MID PENN BANCORP INC MPB · Entity 5021 | PurchaseMid Penn Bancorp, Inc. Common Stock | 79 | $31.74 | $2,507.46 |
DisclosureSEC source: 0001171843-22-000034 · ownership.xml · nonDerivative · entry 1 Frank Joel L. · CIK 0001749279 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 4,853.597 F1 · shares: Shares purchased through the Director Stock Purchase Plan. F2 · balance_after: Balance includes shares acquired through the Dividend Reinvestment Plan. Read SEC document |
| September 30, 2021 Filed Oct 1, 2021 18:48 UTC | MID PENN BANCORP INC MPB · Entity 5021 | PurchaseMid Penn Bancorp, Inc. Common Stock | 91 | $27.55 | $2,507.05 |
DisclosureSEC source: 0001171843-21-006777 · ownership.xml · nonDerivative · entry 1 Frank Joel L. · CIK 0001749279 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 4,759.873 F1 · shares: Shares purchased through the Director Stock Purchase Plan. F2 · balance_after: Balance includes shares acquired through the Dividend Reinvestment Plan. Read SEC document |
| June 30, 2021 Filed Jul 1, 2021 18:16 UTC | MID PENN BANCORP INC MPB · Entity 5021 | PurchaseMid Penn Bancorp, Inc. Common Stock | 91 | $27.45 | $2,497.95 |
DisclosureSEC source: 0001171843-21-004650 · ownership.xml · nonDerivative · entry 1 Frank Joel L. · CIK 0001749279 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 4,152.742 F1 · shares: Shares purchased through the Director Stock Purchase Plan. F2 · balance_after: Balance includes shares acquired through the Dividend Reinvestment Plan. Read SEC document |
| June 01, 2021 Filed Jun 2, 2021 18:04 UTC | MID PENN BANCORP INC MPB · Entity 5021 | GrantMid Penn Bancorp, Inc. Common Stock | 440 | $0.00 | $0.00 |
DisclosureSEC source: 0001171843-21-003985 · ownership.xml · nonDerivative · entry 1 Frank Joel L. · CIK 0001749279 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 940 F1 · shares: Shares granted in the form of restricted stock which vests according to the terms of each respective grant. F1 · balance_after: Shares granted in the form of restricted stock which vests according to the terms of each respective grant. Read SEC document |
| March 31, 2021 Filed Apr 1, 2021 18:15 UTC | MID PENN BANCORP INC MPB · Entity 5021 | PurchaseMid Penn Bancorp, Inc. Common Stock | 93 | $26.81 | $2,493.33 |
DisclosureSEC source: 0001171843-21-002245 · ownership.xml · nonDerivative · entry 1 Frank Joel L. · CIK 0001749279 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 4,050.618 F1 · shares: Shares purchased through the Director Stock Purchase Plan. F2 · balance_after: Balance includes shares acquired through the Dividend Reinvestment Plan. Read SEC document |
| December 31, 2020 Filed Jan 5, 2021 15:48 UTC | MID PENN BANCORP INC MPB · Entity 5021 | PurchaseMid Penn Bancorp, Inc. Common Stock | 114 | $21.90 | $2,496.60 |
DisclosureSEC source: 0001171843-21-000055 · ownership.xml · nonDerivative · entry 1 Frank Joel L. · CIK 0001749279 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 3,943.441 F1 · shares: Shares purchased through the Director Stock Purchase Plan. F2 · balance_after: Balance includes shares acquired through the Dividend Reinvestment Plan. Read SEC document |
| September 30, 2020 Filed Oct 1, 2020 19:21 UTC | MID PENN BANCORP INC MPB · Entity 5021 | PurchaseMid Penn Bancorp, Inc. Common Stock | 144 | $17.31 | $2,492.64 |
DisclosureSEC source: 0001171843-20-006777 · ownership.xml · nonDerivative · entry 1 Frank Joel L. · CIK 0001749279 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 3,819.367 F1 · shares: Shares purchased through the Director Stock Purchase Plan. F2 · balance_after: Balance includes shares acquired through the Dividend Reinvestment Plan. Read SEC document |
| July 24, 2020 Filed Jul 27, 2020 14:16 UTC | MID PENN BANCORP INC MPB · Entity 5021 | GrantMid Penn Bancorp, Inc. Common Stock | 500 | $0.00 | $0.00 |
DisclosureSEC source: 0001171843-20-005230 · ownership.xml · nonDerivative · entry 1 Frank Joel L. · CIK 0001749279 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 4,165.115 F1 · shares: Shares granted in the form of restricted stock, which vests 100% on the first anniversary of the date of grant. F2 · balance_after: Balance includes shares acquired through the Dividend Reinvestment Plan. Read SEC document |
| June 30, 2020 Filed Jul 1, 2020 20:22 UTC | MID PENN BANCORP INC MPB · Entity 5021 | PurchaseMid Penn Bancorp, Inc. Common Stock | 136 | $18.43 | $2,506.48 |
DisclosureSEC source: 0001171843-20-004679 · ownership.xml · nonDerivative · entry 1 Frank Joel L. · CIK 0001749279 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 3,265.115 F1 · shares: Shares purchased through the Director Stock Purchase Plan. F2 · balance_after: Balance includes shares acquired through the Dividend Reinvestment Plan. Read SEC document |
| March 31, 2020 Filed Apr 1, 2020 17:23 UTC | MID PENN BANCORP INC MPB · Entity 5021 | PurchaseMid Penn Bancorp, Inc. Common Stock | 123 | $20.25 | $2,490.75 |
DisclosureSEC source: 0001171843-20-002231 · ownership.xml · nonDerivative · entry 1 Frank Joel L. · CIK 0001749279 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 3,123.718 F1 · shares: Shares purchased through the Director Stock Purchase Plan. F2 · balance_after: Balance includes shares acquired through the Dividend Reinvestment Plan. Read SEC document |
| December 31, 2019 Filed Jan 2, 2020 18:53 UTC | MID PENN BANCORP INC MPB · Entity 5021 | PurchaseMid Penn Bancorp, Inc. Common Stock | 87 | $28.80 | $2,505.60 |
DisclosureSEC source: 0001171843-20-000021 · ownership.xml · nonDerivative · entry 1 Frank Joel L. · CIK 0001749279 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 2,995.894 F1 · shares: Shares purchased through the Director Stock Purchase Plan. F2 · balance_after: Balance includes shares acquired through the Dividend Reinvestment Plan. Read SEC document |
| September 30, 2019 Filed Oct 1, 2019 18:36 UTC | MID PENN BANCORP INC MPB · Entity 5021 | PurchaseMid Penn Bancorp, Inc. Common Stock | 98 | $25.63 | $2,511.74 |
DisclosureSEC source: 0001171843-19-006258 · ownership.xml · nonDerivative · entry 1 Frank Joel L. · CIK 0001749279 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 2,906.853 F1 · shares: Shares purchased through the Director Stock Purchase Plan. F2 · balance_after: Balance includes shares acquired through the Dividend Reinvestment Plan. Read SEC document |
| July 25, 2019 Filed Jul 25, 2019 13:04 UTC | MID PENN BANCORP INC MPB · Entity 5021 | GrantMid Penn Bancorp, Inc. Common Stock | 400 | $0.00 | $0.00 |
DisclosureSEC source: 0001171843-19-004846 · ownership.xml · nonDerivative · entry 1 Frank Joel L. · CIK 0001749279 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 3,207.018 F1 · shares: Shares granted in the form of restricted stock, which vests 100% on the first anniversary of the date of grant. F2 · balance_after: Balance includes shares acquired through the Dividend Reinvestment Plan. Read SEC document |
| June 28, 2019 Filed Jul 1, 2019 19:58 UTC | MID PENN BANCORP INC MPB · Entity 5021 | PurchaseMid Penn Bancorp, Inc. Common Stock | 100 | $24.95 | $2,495.00 |
DisclosureSEC source: 0001171843-19-004286 · ownership.xml · nonDerivative · entry 1 Frank Joel L. · CIK 0001749279 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 2,807.018 F1 · shares: Shares purchased through the Director Stock Purchase Plan. F2 · balance_after: Balance includes shares acquired through the Dividend Reinvestment Plan. Read SEC document |
| March 29, 2019 Filed Apr 1, 2019 20:28 UTC | MID PENN BANCORP INC MPB · Entity 5021 | PurchaseMid Penn Bancorp, Inc. Common Stock | 102 | $24.50 | $2,499.00 |
DisclosureSEC source: 0001171843-19-002141 · ownership.xml · nonDerivative · entry 1 Frank Joel L. · CIK 0001749279 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 2,705.837 F1 · shares: Shares purchased through the Director Stock Purchase Plan. F2 · balance_after: Balance includes shares acquired through the Dividend Reinvestment Plan. Read SEC document |
| December 31, 2018 Filed Jan 2, 2019 21:23 UTC | MID PENN BANCORP INC MPB · Entity 5021 | PurchaseMid Penn Bancorp, Inc. Common Stock | 108 | $23.02 | $2,486.16 |
DisclosureSEC source: 0001171843-19-000045 · ownership.xml · nonDerivative · entry 1 Frank Joel L. · CIK 0001749279 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 2,603 F1 · shares: Shares purchased through the Director Stock Purchase Plan. Read SEC document |
Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.