SCOVILL J BRADLEY 4/A
4/A · CITIZENS & NORTHERN CORP · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
Citizens & Northern (CZNC) CEO Scovill J. Bradley Acquires 510 Shares
What Happened
Scovill J. Bradley, President and CEO of Citizens & Northern Corp (CZNC), acquired a total of 510 shares through dividend reinvestment on Feb. 13 and Feb. 18 (433 shares at $23.43 and 77 shares at $23.76). On Feb. 20, 499 shares were delivered/withheld to satisfy an exercise price or tax liability (499 shares at $23.67). The acquisitions were via the company’s dividend reinvestment plan; the withheld shares were used to cover tax/exercise obligations.
Key Details
- Transactions:
- 2026-02-13: Acquired 433 shares @ $23.43 = $10,145 (dividend reinvestment).
- 2026-02-18: Acquired 77 shares @ $23.76 = $1,830 (dividend reinvestment).
- 2026-02-20: 499 shares delivered/withheld @ $23.67 = $11,811 (to pay exercise price or tax liability).
- Total acquired: 510 shares ($11,975). Total withheld/disposed: 499 shares ($11,811).
- Footnotes:
- F1: Acquisitions via dividend reinvestment plan (DRIP).
- F3: Withholding/delivery of shares to pay exercise price or tax liability under Rule 16b-3.
- F2: This is an amended Form 4 filed to confirm voluntary reporting; no other changes to the original filing.
- Shares owned after the transactions: not disclosed in this filing.
- Filing status: This is an amended filing submitted Feb 27 to confirm reporting; filing does not indicate other timing issues.
Context
The purchases were automatic reinvestment of dividends (DRIP), a routine way insiders increase holdings. The 499-share disposition was a withholding/delivery to cover exercise price or taxes rather than an open-market sale; such withholdings are common after option exercises or dividend-related issuances and are not a clear negative signal.
Insider Transaction Report
- Other
Common Stock
[F1][F2]2026-02-13$23.43/sh+433$10,145→ 133,851 total - Other
Common Stock
[F1][F2]2026-02-18$23.76/sh+77$1,830→ 6,610 total(indirect: by ESOP) - Tax Payment
Common Stock
[F3]2026-02-20$23.67/sh−499$11,811→ 133,352 total
Footnotes (3)
- [F1]Shares acquired through reinvestment of cash dividend under a dividend reinvestment plan.
- [F2]This Form 4/A is being filed solely to confirm that this transaction is being reported voluntarily. There have been no other changes to the original Form 4 filing.
- [F3]Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3.