CITIZENS & NORTHERN (CZNC) Exec VP John Reber Buys 451 Shares

What Happened

• John M. Reber, Executive Vice President of Citizens & Northern Corp. (CZNC), acquired a total of 451 shares through dividend reinvestment. Transactions were 341 shares at $25.89 on Aug 14, 2026 (≈ $8,828) and 110 shares at $25.84 on Aug 20, 2026 (≈ $2,842), for a combined value of about $11,670. These are purchases (acquisitions), but they result from dividend reinvestment rather than open-market buying.

Key Details

• Transaction dates and prices:
  • 2026-08-14: 341 shares @ $25.89 = $8,828 (code J — other acquisition)
  • 2026-08-20: 110 shares @ $25.84 = $2,842 (code J — other acquisition)
• Total shares acquired: 451; total consideration ≈ $11,670.
• Shares owned after the transactions: Not disclosed in this Form 4.
• Footnotes:
  • F1 — Shares acquired through reinvestment of cash dividend under a dividend reinvestment plan (DRIP).
  • F2 — Exempt acquisition in ESOP via dividend reinvestment under D/R plan.
• Timeliness: The Form 4 was filed on Aug 24, 2026 for transactions on Aug 14 and Aug 20; this filing is later than the typical 2-business-day Form 4 deadline and is therefore late.

Context

• These purchases were automatic reinvestments of dividends (DRIP/ESOP) rather than discretionary open-market buys; such reinvestments are routine and reflect dividend policy rather than a direct bullish trading decision by the insider. Late filing notifies investors after the fact; it does not change the nature of the transactions but delays public disclosure.