James Glenn Richard 4

What Happened
James Glenn Richard, Executive Vice President, Counsel and Corporate Secretary of Citizens & Northern Corp. (CZNC), reported two acquisitions in January 2026. On January 9 he received 188 shares at $20.57 each (total ≈ $3,867) via an exempt year‑end contribution to the company's ESOP. On January 30 he was granted 1,530 restricted shares at $21.86 each (total ≈ $33,453). Combined, he acquired 1,718 shares worth about $37,320.

Key Details

• Transaction dates and prices:
  • 2026-01-09: 188 shares at $20.57 (code J) — $3,867 (footnote F1: exempt ESOP contribution).
  • 2026-01-30: 1,530 shares at $21.86 (code A) — $33,453 (footnote F2: restricted stock award).
• Total acquired: 1,718 shares for ≈ $37,320.
• Shares owned after the transactions: not specified in the provided filing summary.
• Filing: Form 4 filed 2026-02-03 reporting the Jan 9 and Jan 30 transactions. The Jan 30 grant was reported within the typical 2-business-day window; the Jan 9 ESOP contribution is noted as an exempt acquisition per the footnote.
• Footnotes: F1 = exempt acquisition via year-end ESOP contribution; F2 = award of restricted stock.

Context
The January 9 transaction was an ESOP contribution (exempt acquisition) and the January 30 entry was a restricted stock award—both are compensation-related acquisitions rather than open-market purchases. Restricted stock grants reflect compensation and vesting terms (not immediate free trading), while ESOP contributions are plan-driven and do not necessarily signal personal bullish trading. These types of insider acquisitions are common as part of employee compensation programs.