CITIZENS (CZFS) Director John P. Painter II Receives 70-Share Award
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CITIZENS (CZFS) Director John P. Painter II Receives 70-Share Award
What Happened John P. Painter II, a director of Citizens Financial Services, Inc. (CZFS), was granted an award of 70 shares on 2026-09-15. The Form 4 reports the acquisition as an award/grant (transaction code A) with an acquisition price of $0.00 (no cash paid). The filing states these are "stock awards granted pursuant to the Citizens Financial Services, Inc. 2026 Equity Incentive Plan."
Key Details
- Transaction date: 2026-09-15; Transaction type: Award/Grant (code A)
- Shares granted: 70; Reported acquisition price: $0.00 (per the Form 4)
- Shares owned after transaction: Not specified in the filing (not reported)
- Footnote/remark: "STOCK AWARDS GRANTED PURSUANT TO THE CITIZENS FINANCIAL SERVICES, INC. 2026 EQUITY INCENTIVE PLAN."
- Filing timeliness: Reported on Form 4 dated 2026-09-15; no late filing flag indicated
Context This was a compensation-related equity award rather than an open-market purchase or sale. Such grants typically reflect board-approved compensation and may be subject to vesting and plan terms (vesting schedule and other conditions are not disclosed in the Form 4). Awards increase insider ownership but are not the same signal as a director buying shares on the open market. For details on vesting or potential future sales, check the company’s Equity Incentive Plan documents or subsequent filings.