CITIZENS FINANCIAL (CZFS) EVP David Z. Richards Receives Award

What Happened

• David Z. Richards Jr., Executive Vice President and Director of Citizens Financial Services, was granted 343 shares as a stock award (transaction code A) on 2026-07-22. The Form 4 reports an acquisition price of $0.00 and a reported value of $0 for the transaction (this reflects the grant entry, not necessarily market value).

Key Details

• Transaction date: 2026-07-22; Form 4 filed: 2026-07-23 (timely filing).
• Transaction type: Award/Grant (code A) — 343 shares @ $0.00; reported dollar amount: $0.
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnote on filing: "Stock awards granted pursuant to the Citizens Financial Services, Inc. 2026 Equity Incentive Plan."
• No indication of a 10b5-1 plan, sale, exercise, or tax-withholding reported in this filing.

Context

• This was an equity award (compensation grant), not an open-market purchase or sale. Such awards typically vest over time per the company’s plan and do not require an immediate cash outlay by the insider. Grants are common for executive compensation and do not, by themselves, indicate a buy/sell signal.