Watkins Tracy Ellen 4

What Happened
Tracy Ellen Watkins, Executive Vice President of Citizens & Northern Corp (ticker: CZNC), acquired a total of 188 shares through dividend reinvestment: 98 shares on 2026-05-15 at $20.82 ($2,040) and 90 shares on 2026-05-20 at $20.80 ($1,872). These were acquisitions (not open‑market purchases or option exercises) made by reinvesting cash dividends.

Key Details

• Transaction dates and prices:
  • 2026-05-15: 98 shares @ $20.82 = $2,040 (code J)
  • 2026-05-20: 90 shares @ $20.80 = $1,872 (code J)
• Total acquired: 188 shares for $3,912.
• Transaction code J = "other acquisition or disposition"; footnotes clarify:
  • F1: Shares acquired via reinvestment of cash dividend under a dividend reinvestment plan (DRIP).
  • F2: Exempt acquisition in ESOP via dividend reinvestment under D/R plan.
• Shares owned after the transactions: not disclosed in the information provided.
• Filing: Form 4 was filed on 2026-05-21. The 2026-05-15 reinvestment appears to have been reported after the typical 2-business-day window (i.e., was reported late); the 2026-05-20 transaction was filed promptly.

Context
Dividend reinvestment purchases are typically automatic—dividends are used to buy additional company shares—so these transactions are routine and do not necessarily signal a deliberate market timing decision. For retail investors, note that while insider purchases can be a positive signal, small automatic DRIP acquisitions (like these totaling ~$3.9K) are common and often part of a regular compensation/dividend program rather than active investing.