4Filed Aug 23, 8:00 PM ET
CZNC EVP James G. Richard Buys 11 Shares via Dividend Reinvestment
$CZNC · CITIZENS & NORTHERN CORPResearch Summary
AI-generated summary of this SEC filing
CZNC EVP James G. Richard Buys 11 Shares via Dividend Reinvestment
What Happened
- James Glenn Richard, EVP Counsel and Corporate Secretary of Citizens & Northern Corp (CZNC), acquired a total of 11 shares of CZNC common stock through dividend reinvestment. He received 8 shares on 2026-08-14 at $25.89 each (≈ $207) and 3 shares on 2026-08-20 at $25.84 each (≈ $78), about $285 in total. These are acquisitions (purchases) by reinvesting cash dividends rather than open-market buys.
Key Details
- Transaction dates & prices:
- 2026-08-14: 8 shares @ $25.89 = $207
- 2026-08-20: 3 shares @ $25.84 = $78
- Total acquired: 11 shares for ≈ $285.
- Transaction code: reported as "Other acquisition or disposition (J)" — filing footnotes indicate these were dividend reinvestments.
- Footnotes: F1 notes shares were acquired via reinvestment under the dividend reinvestment plan (DRIP); F2 indicates an exempt acquisition in an ESOP via DRIP.
- Shares owned after the transactions: not specified in the filing.
- Timeliness: The Form 4 was filed on 2026-08-24. The 2026-08-14 reinvestment appears to have been reported late; the 2026-08-20 transaction was reported within the typical 2-business-day window.
Context
- These transactions are routine dividend reinvestments (not open-market purchases or option exercises). Such reinvestments are common and typically reflect dividend policy and plan participation rather than a trading signal. The amounts involved are small; no immediate market-impact implications are evident from this filing.