REBER JOHN M 4

What Happened

• John M. Reber, Executive Vice President of Citizens & Northern Corp (CZNC), reported acquisitions and a forfeiture. On Jan 9, 2026 he received 304 shares via a year-end ESOP contribution (304 shares × $20.57 = $6,253). On Jan 30, 2026 he was awarded 2,840 restricted shares (2,840 × $21.86 = $62,097). Also on Jan 30, 129 restricted shares were surrendered/forfeited back to the issuer (129 shares @ $0 = $0). Combined acquisitions = 3,144 shares (~$68,350).

Key Details

• Transaction dates and codes:
  • 2026-01-09 — Other acquisition (code J): 304 shares @ $20.57 (F1: exempt ESOP contribution).
  • 2026-01-30 — Award (code A): 2,840 shares @ $21.86 (F2: restricted stock award).
  • 2026-01-30 — Disposition to issuer (code D): 129 shares @ $0 (F3: forfeiture of restricted shares granted 1/31/2023 that were eligible to vest in Jan 2026 based on an earnings-based performance standard).
• Shares owned after these transactions: not specified in the Form 4 provided.
• Filing timing: Form 4 was filed 2026-02-03. The Jan 9 ESOP contribution appears to have been reported late (outside the typical 2-business-day window); the Jan 30 items were reported on Feb 3, which would be within the 2-business-day window for that date.
• Transaction codes explained: A = award/grant, J = other acquisition (here ESOP contribution exempt), D = disposition to issuer (forfeiture).

Context

• The Jan 30 entries are an award of restricted stock (not an open-market purchase) and a simultaneous forfeiture of some previously granted restricted shares that did not meet performance conditions. Awards and ESOP contributions are not the same as an open-market buy — they reflect compensation/plan activity rather than an executive purchasing shares with cash.
• These filings are factual disclosures of holdings changes; they do not by themselves indicate the insider’s sentiment about the stock.