Pellegrino Frank G 4

What Happened Frank G. Pellegrino, a director of Citizens & Northern Corp. (CZNC), was awarded 1,080 restricted shares on 2026-04-23. The award is reported at an acquisition price of $23.15 per share, for a total reported value of $25,002. This transaction is coded as an award/grant (Form 4 transaction code A), meaning the shares were granted as compensation rather than bought in the open market.

Key Details

• Transaction date: 2026-04-23; filing date: 2026-04-24 (Form 4 accession 0001667211-26-000012).
• Price/value: 1,080 shares @ $23.15 = $25,002.
• Transaction code: A (award/grant of restricted stock). Footnote F1: "Award of Restricted Stock."
• Shares owned following the transaction: not specified in the filing.
• Timeliness: Filed the day after the transaction; filing does not indicate a late report.

Context Restricted stock awards are a form of compensation that typically vest over time or subject to conditions; they are not the same as an open-market purchase and often reflect compensation arrangements rather than an immediate bullish market bet. No options exercise, sale, gift, 10b5-1 plan, or tax-withholding detail is reported in this filing.