LAMBERT LEO F 4

What Happened
Leo F. Lambert, a director of CITIZENS & NORTHERN CORP (CZNC), acquired 161 shares on 2026-02-13 at an effective price of $23.44 per share for a total of $3,774. The filing reports the shares were acquired through reinvestment of a cash dividend under the company’s dividend reinvestment plan (DRIP), not an open-market purchase.

Key Details

• Transaction date and price: 2026-02-13 at $23.44 per share (total $3,774).
• Transaction type: Other acquisition (coded J) — dividend reinvestment (Footnote F1).
• Shares owned after transaction: Not specified in the filing.
• Filing date: 2026-02-27 (the Form 4 covers the 2026-02-13 transaction) — filing appears later than the typical 2-business-day window.
• Footnote: F1 — Shares acquired through reinvestment of cash dividend under a dividend reinvestment plan.

Context
Dividend reinvestments automatically convert cash dividends into additional company shares and are routine for insiders who participate in a DRIP. While purchases can be informative, small routine DRIP acquisitions (here ~$3.8K) typically reflect dividend policy and reinvestment choices rather than a new bullish signal from management.