CITIZENS & NORTHERN (CZNC) Director Frank G. Pellegrino Buys Stock

What Happened
Director Frank G. Pellegrino acquired 208 shares of Citizens & Northern Corp. (CZNC) in an open-market purchase on 2026-08-07 at $25.21 per share, for a total cost of approximately $5,245. This was a purchase (an acquisition), which investors often view as a more informative signal than routine sales, though the filing does not state Pellegrino’s motivation.

Key Details

• Transaction type: Open-market purchase (code P)
• Date of transaction: 2026-08-07; Filing date (Form 4): 2026-08-10
• Price: $25.21 per share; Shares acquired: 208; Total value: ~$5,245
• Shares owned after transaction: Not specified in the provided filing details
• Footnote: Transaction was made pursuant to a written plan effective 5/1/2026 (prearranged trading plan)
• No indication in the provided data that the filing included tax withholding, gift, or option exercise details

Context
The filing notes the purchase was made under a written plan effective 5/1/2026. Such plans are often prearranged trading plans (e.g., 10b5-1), which can authorize trades on a preset schedule; this can limit insight into the insider’s current sentiment. As always, purchases by directors are factual data points but do not by themselves prove future performance.