CZNC Director Stephen M. Dorwart Receives Restricted Stock Award

What Happened Stephen M. Dorwart, a director of Citizens & Northern Corp (CZNC), was granted 1,080 restricted shares on 2026-04-23. The shares were valued at $23.15 each, for a total reported value of $25,002. This transaction is an award/grant (acquisition), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-04-23; Filing date: 2026-04-24 (timely filing).
• Price per share reported: $23.15; Total value: $25,002.
• Transaction code: A (Award/Grant).
• Footnote: F1 — Award of Restricted Stock.
• Shares owned after transaction: Not disclosed in the provided filing.

Context Restricted stock awards are compensation that typically come with vesting and transfer restrictions; they are not immediate open-market purchases or sales. Such grants are common as part of executive/director compensation and primarily align the recipient’s interests with shareholders rather than indicating a near-term trading signal.