Pellegrino Frank G 4

What Happened
Frank G. Pellegrino, a director of Citizens & Northern Corp (CZNC), acquired 548 shares on 2026-02-13 at $23.59 per share for a total value of $12,927. The filing characterizes this as an "other acquisition" (code J); a footnote clarifies the shares were purchased via reinvestment of cash dividends under the company's dividend reinvestment plan (DRIP).

Key Details

• Transaction date and price: 2026-02-13 — 548 shares at $23.59 each (total ~$12,927).
• Acquisition type: Code J (other acquisition); footnote: shares acquired through reinvestment of cash dividend under a dividend reinvestment plan (F1).
• Shares owned after transaction: Not reported in the summary provided.
• Filing date vs. transaction date: Report filed 2026-02-27 — this is later than the usual two-business-day Form 4 deadline (filed late; transactionTimeliness = 'L').

Context
Dividend reinvestment purchases are routine and reflect automatic reinvestment of dividends rather than a discretionary open-market buy. Such transactions are common for insiders and do not necessarily indicate a new change in conviction about the company, though purchases generally receive more attention from investors than routine sales.