Pellegrino Frank G 4

What Happened
Frank Pellegrino, a director of CITIZENS & NORTHERN CORP (CZNC), acquired 653 shares on 2026-05-15 at $20.82 per share, a total value of approximately $13,592. The transaction is reported as an "other acquisition or disposition" (code J) and was effected through the company’s dividend reinvestment plan (DRIP), meaning cash dividends were automatically used to buy additional shares. This is a routine acquisition rather than an open-market buy.

Key Details

• Transaction date and price: 2026-05-15, 653 shares at $20.82 each.
• Total value: ~$13,592.
• Transaction code: J (other acquisition/disposition).
• Footnote: Shares acquired via reinvestment of cash dividend under a dividend reinvestment plan (DRIP).
• Filing: Form 4 filed 2026-05-21 reporting the 2026-05-15 transaction (filed 6 days after the trade date; may exceed the usual 2-business-day Form 4 reporting window).
• Shares owned after transaction: Not specified in the provided filing.

Context
Dividend reinvestments are automatic, routine transactions that increase an insider’s holdings gradually and do not necessarily signal a change in insider sentiment. For retail investors, such purchases are informative about ongoing accumulation but are generally less consequential than discretionary open-market buys by insiders.