Balagour Alexander 4

What Happened Alexander Balagour, EVP and Chief Information Officer of Citizens & Northern Corp (CZNC), acquired 29 shares on 2026-05-20 at $20.80 per share, a total value of roughly $603. The filing reports this as an acquisition under code J and is an exempt transaction through the company's ESOP dividend reinvestment.

Key Details

• Transaction date and price: 2026-05-20 — 29 shares @ $20.80 each (total ≈ $603).
• Transaction type: Other acquisition (code J) — exempt acquisition via ESOP dividend reinvestment (footnote F1).
• Shares owned after transaction: Not specified in the provided filing summary.
• Filing date: Form filed 2026-05-21 (appears timely based on transaction date).
• Footnote F1: Acquisition occurred in ESOP via dividend reinvestment under D/R plan (not an open-market purchase).

Context This was a small, routine ESOP dividend reinvestment — dividends were used to buy additional company shares for the plan. Such ESOP reinvestments are generally administrative and do not necessarily signal insider sentiment about the stock.