Balagour Alexander 4

What Happened

• Alexander Balagour, EVP and Chief Information Officer of Citizens & Northern Corp (CZNC), acquired 25 shares on 2026-02-18 at $23.76 per share, a total value of about $594.
• This was not an open-market purchase but an ESOP dividend reinvestment (see footnote). Purchases like this are typically routine reinvestments rather than active bullish bets.

Key Details

• Transaction date and price: 2026-02-18 at $23.76 per share (total ~$594).
• Transaction type/code: Reported as an "Other acquisition or disposition (J)" on the Form 4.
• Footnote: F1 — Exempt acquisition in ESOP via dividend reinvestment under D/R plan (dividends were used to buy shares).
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Transaction reported on a Form 4 filed 2026-02-27; this is several days after the trade date and may be late relative to the standard Form 4 two-business-day reporting requirement.

Context

• This was a dividend reinvestment into the company’s ESOP (employee stock ownership plan), a common and typically routine method for insiders to accumulate small amounts of stock. It does not indicate an open-market purchase or a strategic change in insider holdings.