Form 4: CZFS Director DePaola Acquires Additional Shares
Insider Transaction Report
Rinaldo A. DePaola, a director at Citizens Financial Services Inc., increased his direct beneficial ownership by 96 common shares through a stock award on December 15, 2025.
Summary
- Rinaldo A. DePaola, a director of Citizens Financial Services Inc. (CZFS), acquired 96 shares of common stock.
- The transaction occurred on December 15, 2025, and was reported as an acquisition (Code A) at a price of $0 per share, indicating a stock award.
- Following this transaction, Mr. DePaola directly beneficially owns 16,594.199 shares of common stock.
- Additionally, Mr. DePaola indirectly beneficially owns 2,184.574 shares through his spouse.
- The transaction was made pursuant to a Rule 10b5-1(c) plan.
Sentiment
Score: 6
Explanation: The acquisition of shares by a director, even if an award, is generally a positive signal of alignment with shareholder interests, though the small number of shares limits its overall impact.
Positives
- A director increasing their stake in the company, even through an award, can signal confidence in the company's future prospects.
- The transaction was conducted under a Rule 10b5-1(c) plan, indicating a pre-arranged trading plan designed to comply with insider trading laws.
Future Outlook
This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.
Industry Context
Insider transactions, such as stock awards to directors, are common in the financial services industry as part of compensation packages. While this specific transaction is small, director ownership can align management interests with shareholders. The use of a Rule 10b5-1 plan is a standard practice for insiders to manage their stock transactions in compliance with SEC regulations.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Trading Plan Disclosure | The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). | 12/15/2025 | Indicates adherence to insider trading compliance protocols and pre-scheduled trading. |
Related Party Transactions
- Indirect beneficial ownership of 2,184.574 shares by spouse.
Stakeholder Impact
- Shareholders: A director's increased ownership, even if small, can be viewed positively as it aligns their interests with those of other shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/03/2006 | Date of Power of Attorney for Gina Marie Boor to act for Rinaldo A. DePaola. |
| 12/15/2025 | Date of the reported transaction where 96 common shares were acquired. |
| 12/16/2025 | Date the Form 4 was signed by Gina Marie Boor under Power of Attorney. |
Keywords
Citizens Financial Services Inc., CZFS, Rinaldo A. DePaola, Insider Trading, Form 4, Stock Award, Director, Beneficial Ownership, Rule 10b5-1
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