BLACK RANDALL E 4

What Happened

• Randall E. Black, CEO, President and a director of Citizens Financial Services, Inc. (CZFS), received a grant of 563 stock awards on 2026-06-25. The awards were issued at $0.00 per share (award/grant), i.e., no cash was paid by the insider. The filing states these were granted under the Citizens Financial Services, Inc. 2026 Equity Incentive Plan.

Key Details

• Transaction type: Award/Grant (code A)
• Transaction date: 2026-06-25; Form 4 filed: 2026-06-26 (timely)
• Shares granted: 563 shares; reported acquisition price: $0.00
• Total cash paid by insider: $0 (award)
• Shares owned after transaction: Not specified in the filing
• Footnote: "STOCK AWARDS GRANTED PURSUANT TO THE CITIZENS FINANCAL SERVICES, INC. 2026 EQUITY INCENTIVE PLAN."
• No indication of a 10b5-1 plan, sale, or tax-withholding sale in this filing

Context

• This is a compensation grant (stock award) rather than a market purchase or sale. Such awards are typically subject to vesting and other restrictions under the company’s equity plan, so they do not necessarily indicate immediate stock purchases or sales by the insider.
• For investors: awards are part of pay and should be weighed with other insider trades and company disclosure; they are not the same signal as an insider buying shares with personal funds.