Runk David S 4

What Happened
David S. Runk, Executive Vice President and Strategic Advisor of Citizens & Northern Corp. (CZNC), was reported to have acquired 64 shares on January 9, 2026. The transaction price reported was $20.57 per share, for a total value of $1,316. This was an acquisition through an ESOP contribution (not an open‑market purchase), so it reflects an employer plan contribution rather than a direct cash purchase by the insider.

Key Details

• Transaction date: 2026-01-09; price per share: $20.57; total value: $1,316.
• Transaction code: J (other acquisition or disposition); footnote F1: exempt acquisition via year‑end contribution to ESOP.
• Shares owned after the transaction: not specified in the provided filing.
• Filing date: 2026-02-27 — the Form 4 was filed well after the transaction date (appears late versus the typical 2‑business‑day reporting window), which reduces timeliness for investors.

Context
ESOP contributions are employer plan transactions that reflect plan allocations or company contributions and are not the same as an insider buying shares on the open market. Such contributions are common and do not necessarily signal the insider’s personal investment decision or market view. The dollar amount here is small ($1.3K), so it is a routine compensation/benefit transaction rather than a material insider purchase.