Santiago Helen S 4
Research Summary
AI-generated summary
CITIZENS & NORTHERN (CZNC) Director Helen S. Santiago Receives Award
What Happened
Helen S. Santiago, a director of CITIZENS & NORTHERN CORP (ticker: CZNC), was awarded 1,080 restricted shares on 2026-04-23. The reported per-share value for the award was $23.15, for a total grant value of $25,002. This was an award/grant (transaction code A), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-04-23; filing date: 2026-04-24 (filed the next business day).
- Price/value reported: 1,080 shares × $23.15 = $25,002.
- Transaction type: Award of restricted stock (Footnote F1: Award of Restricted Stock).
- Shares owned after the transaction: not disclosed in this Form 4.
- Timeliness: filing appears timely (reported the day after the transaction).
Context
Restricted stock awards are typically subject to vesting and transfer restrictions and do not represent an immediate open-market purchase. Such awards are a form of compensation or board/director equity incentive and do not, by themselves, indicate a buy or sell decision in the market.