Balagour Alexander 4

What Happened
Alexander Balagour, Executive Vice President and Chief Information Officer of Citizens & Northern Corp (CZNC), had multiple equity events in January 2026. On 2026-01-09 he received 340 shares via an ESOP contribution (reported value $6,994). On 2026-01-30 he was awarded 3,490 restricted shares (reported value $72,819). Also on 2026-01-30, 159 restricted shares were disposed to the issuer for $0 (forfeiture). The acquisitions represent an inflow of roughly $79,813 in equity awards/contributions; the 159-share disposition was a forfeiture, not a market sale.

Key Details

• Transactions:
  • 2026-01-09: Other acquisition (Code J) — 340 shares @ $20.57; $6,994 (ESOP contribution). (Footnote F1)
  • 2026-01-30: Grant/award (Code A) — 3,490 shares @ $20.86; $72,819 (restricted stock award). (Footnote F2)
  • 2026-01-30: Disposition to issuer (Code D) — 159 shares @ $0.00; $0 (forfeiture of restricted shares). (Footnote F3)
• Shares owned after the transactions: not specified in the information provided in this summary (not reported here).
• Footnotes of note:
  • F1: Exempt acquisition via year-end contribution to ESOP.
  • F2: Award of Restricted Stock.
  • F3: Forfeiture of restricted shares granted 1/31/2023 that were eligible to vest in Jan 2026 based on an earnings-based performance standard.
• Filing timeliness: Form 4 filed 2026-02-03 covering transactions through 2026-01-30; filing date appears to meet the standard SEC 2-business-day reporting requirement for the 01-30 transaction.

Context

• The January 30 activity consisted of an equity award (restricted stock) and a related forfeiture of some previously granted restricted shares; the forfeiture is not a market sale and does not represent proceeds to the insider.
• Awards and ESOP contributions are routine forms of compensation and do not necessarily signal the insider’s view on near-term stock performance.