SCOVILL J BRADLEY 4
Research Summary
AI-generated summary
CITIZENS & NORTHERN (CZNC) CEO Scovill Buys 579 Shares via DRIP
What Happened
Scovill J. Bradley, President and CEO of Citizens & Northern Corp (CZNC), acquired a total of 579 shares through dividend reinvestment (DRIP). On 2026-05-15 he received 490 shares at $20.89 each (total $10,236), and on 2026-05-20 he received 89 shares at $20.80 each (total $1,851), for combined value of approximately $12,087. These are acquisitions (code J) via dividend reinvestment rather than open-market purchases.
Key Details
- Transaction dates and prices:
- 2026-05-15 — 490 shares @ $20.89 ($10,236)
- 2026-05-20 — 89 shares @ $20.80 ($1,851)
- Total shares acquired: 579; total consideration ≈ $12,087.
- Filing date: May 21, 2026 (Form 4 accession 0001220808-26-000008).
- Shares owned after the transaction: not specified in the provided filing details.
- Footnotes:
- F1: Shares acquired through reinvestment of cash dividend under a dividend reinvestment plan.
- F2: Exempt acquisition in ESOP via dividend reinvestment under D/R plan.
- Transaction code: J (other acquisition — here via DRIP).
Context
These receipts came from dividend reinvestment and ESOP-related exempt acquisitions, which are routine ways insiders accumulate stock without an open-market trade. Such DRIP acquisitions are generally considered administrative and do not, by themselves, indicate a change in insider sentiment.