Kilmer Bobbi J 4
Research Summary
AI-generated summary
CITIZENS & NORTHERN (CZNC) Director Kilmer Acquires 195 Shares via DRIP
What Happened
- Bobbi J. Kilmer, a director of Citizens & Northern Corp (CZNC), acquired a total of 195 shares through a dividend reinvestment on 2026-02-13: 142 shares at $23.44 ($3,328) and 53 shares at $23.59 ($1,250), totaling about $4,578. The transactions are reported as "other acquisition" (code J) and were effected via the company’s dividend reinvestment plan.
Key Details
- Transaction date: 2026-02-13
- Prices/quantities: 142 shares @ $23.44; 53 shares @ $23.59
- Total acquired: 195 shares for ~$4,578
- Method: Dividend Reinvestment Plan (footnote: shares acquired through reinvestment of cash dividend)
- Shares owned after transaction: not specified in the provided filing excerpt
- Filing timeliness: Form 4 filed 2026-02-27 (14 days after the transaction); Form 4s are normally due within 2 business days, so this appears to be a late filing.
Context
- These purchases result from automatic dividend reinvestment (DRIP), a routine way insiders reinvest dividends; such transactions are less informative about a change in sentiment than voluntary open‑market buys.
- Still, acquisitions (even DRIP) increase insider holdings and are recorded by regulators for transparency.