CITIZENS & NORTHERN Director Helen S. Santiago Acquires 110 Shares

What Happened

• Helen S. Santiago, a director of Citizens & Northern Corp (CZNC), acquired a total of 110 shares on August 14, 2026 through dividend reinvestment. The filing shows three entries: 108 shares at $25.89 each ($2,796), plus two separate 1-share transfers at $25.89 each ($26 and $26), for a combined value of $2,847.90 (about $2,848). The transactions are reported on Form 4 as "other acquisition or disposition" (code J) and are acquisitions (not open-market purchases).

Key Details

• Transaction date: 2026-08-14; reported filing date: 2026-08-25 (filed 11 days after the transaction).
• Prices and amounts: 108 shares @ $25.89 ($2,796); 1 share @ $25.89 ($26); 1 share @ $25.89 ($26); total 110 shares, ~$2,848.
• Footnote: Shares were acquired through reinvestment of cash dividends under the company’s dividend reinvestment plan (DRIP).
• Shares owned after transaction: Not specified in the provided filing details.
• Timeliness: The Form 4 was filed 11 days after the transaction date; SEC Form 4s are generally due within 2 business days, so this appears to be a late filing.

Context

• These acquisitions were via the company’s DRIP, meaning dividends were automatically used to buy additional shares. Such reinvestments are routine and reflect dividend policy rather than an active market buy by the insider. They are commonly viewed as neutral to mildly positive signals but should be interpreted alongside other insider activity and company fundamentals.