Form 4: Citizens Financial Services Director Rinaldo DePaola Reports Stock Award Acquisition

Citizens Financial Services Inc. Director Rinaldo A. DePaola reported the acquisition of 92 shares of common stock as a stock award, increasing his direct beneficial ownership to 16,245.199 shares.

Summary

• Rinaldo A. DePaola, a Director of Citizens Financial Services Inc. (CZFS), reported a change in beneficial ownership.
• On June 16, 2025, Mr. DePaola acquired 92 shares of COMMON CLASS stock.
• The acquisition price was $0 per share, indicating that the shares were received as a stock award or grant rather than a purchase.
• This transaction was made pursuant to a Rule 10b5-1(c) contract, instruction, or written plan for the purchase or sale of equity securities.
• Following this transaction, Mr. DePaola directly beneficially owns 16,245.199 shares of common stock.
• Additionally, he indirectly beneficially owns 2,164.574 shares through his spouse.

Sentiment

Score: 7

Explanation: The document reports a routine stock award to a director, which is a positive sign of continued compensation and alignment of interests, but does not indicate significant new strategic developments or financial performance.

Positives

• Director Rinaldo A. DePaola received an additional 92 shares of common stock as a stock award, which aligns his interests with those of shareholders.
• The transaction was conducted under a Rule 10b5-1(c) plan, indicating a pre-arranged and transparent acquisition strategy.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Management Comments

• The filing was signed by Gina Marie Boor for Rinaldo A. DePaola under a Power of Attorney dated March 3, 2006.

Industry Context

This document is an insider transaction report specific to a director's equity compensation and does not provide broader industry context or trends.

Corporate Governance

Related Party Transactions

• The indirect beneficial ownership of 2,164.574 shares by Rinaldo A. DePaola through his spouse is disclosed, which is a standard related party disclosure for insider holdings.

Stakeholder Impact

• Shareholders: The issuance of 92 shares as an award represents a negligible dilution, but it also signifies continued alignment of a director's interests with shareholder value through equity compensation.

Key Dates

Keywords

Citizens Financial Services Inc., CZFS, Form 4, Insider Transaction, Stock Award, Beneficial Ownership, Rinaldo A. DePaola, Director, Equity Compensation, Rule 10b5-1