CZFS Director Rinaldo A. DePaola Receives 70-Share Award

What Happened Rinaldo A. DePaola, a director of Citizens Financial Services, Inc. (CZFS), was granted 70 shares on 2026-09-15. The award is reported as an "A" transaction (grant/award) at an acquisition price of $0.00; the filing notes the shares were granted pursuant to the Citizens Financial Services, Inc. 2026 Equity Incentive Plan. This is a compensation award—not an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-15 (reported in Form 4 filed the same day).
• Transaction type/code: Award/Grant (A).
• Shares granted: 70 shares.
• Acquisition price: $0.00 (no cash paid).
• Reported remark: "STOCK AWARDS GRANTED PURSUANT TO THE CITIZENS FINANCIAL SERVICES, INC. 2026 EQUITY INCENTIVE PLAN."
• Shares owned after transaction: Not specified in the provided filing.
• Timeliness: Filing indicates same-day reporting (no late filing noted).

Context Stock awards are commonly used for director and executive compensation and are often subject to vesting and other restrictions; the filing does not specify any vesting schedule or restrictions. Such grants add to an insider’s holdings over time but do not necessarily reflect immediate market sentiment—treat them as compensation-related rather than a buy/sell signal.