Runk David S 4

What Happened David S. Runk, Executive Vice President and Strategic Advisor at Citizens & Northern Corp (CZNC), acquired 1 share on May 20, 2026. The share was recorded at $20.80 for a total value of about $21. The Form 4 reports the transaction as an acquisition (code J) and indicates the purchase occurred through the company’s ESOP dividend reinvestment plan.

Key Details

• Transaction date and price: 2026-05-20, 1 share at $20.80 (total ≈ $21).
• Transaction code: J (other acquisition or disposition).
• Footnote: F1 — exempt acquisition in ESOP via dividend reinvestment under a D/R plan.
• Shares owned after transaction: not specified in this filing.
• Filing timeliness: Form 4 filed 2026-05-21 for the 2026-05-20 transaction (appears timely).

Context This was an ESOP dividend reinvestment, meaning dividends were used to buy a fractional or whole share in the employee stock ownership plan on the insider’s behalf — a routine plan-driven purchase rather than an open-market buy. Such plan reinvestments are common and typically reflect plan mechanics more than a deliberate trading signal by the insider.