Kilmer Bobbi J 4

What Happened

• Bobbi J. Kilmer, a director of Citizens & Northern Corp (ticker CZNC), acquired shares through the company's dividend reinvestment plan (DRIP). The filing reports two reinvestment purchases on May 15, 2026: 161 shares at $20.85 ($3,357) and 77 shares at $20.82 ($1,603), a total of 238 shares purchased for about $4,960. This was an acquisition (reinvestment), which is generally a routine way insiders increase holdings.

Key Details

• Transaction dates and prices:
  • 2026-05-15: 161 shares @ $20.85 = $3,357
  • 2026-05-15: 77 shares @ $20.82 = $1,603
• Total shares acquired: 238; total value ≈ $4,960.
• Shares owned after transaction: Not disclosed in the provided summary (see full Form 4 for post-transaction holdings).
• Footnote: F1 — shares acquired through reinvestment of cash dividend under a dividend reinvestment plan (DRIP).
• Filing timeliness: Transaction dated 2026-05-15 was filed on 2026-05-21. That is beyond the standard two-business-day Form 4 deadline, so the filing appears late, which delays disclosure.

Context

• DRIP purchases are automatic reinvestments of dividends and are typically routine rather than a direct market signal from the insider. The dollar value here (~$5k) is small; such transactions usually reflect dividend reinvestment rather than a proactive buy decision.