Pellegrino Frank G 4

What Happened
Frank G. Pellegrino, a director of CITIZENS & NORTHERN CORP (CZNC), purchased 237 shares in an open-market transaction on 2026-05-08 at $21.75 per share, for a total cost of $5,154. This was a purchase (acquisition), which investors often view as a mild bullish signal compared with a sale.

Key Details

• Transaction date and price: 2026-05-08, 237 shares at $21.75 each.
• Total value: $5,154.
• Shares owned after transaction: not disclosed in the filing.
• Footnote: The filing notes the transaction “was made pursuant to a written plan that became effective 5/1/26” (per footnote F1).
• Filing timeliness: Form 4 filed 2026-05-11 for a 2026-05-08 trade; this appears to be within the standard 2-business-day reporting window.

Context

• The purchase was small in dollar terms, and it was executed under a written trading plan (per the footnote), which can govern timing and size of trades.
• Purchases by directors can be of interest to retail investors, but small, plan-driven buys are less informative about personal conviction than larger, unscheduled purchases.