Form 4: Citizens & Northern Corp Director Acquires Additional Shares Under 10b5-1 Plan

Frank G Pellegrino, a director of Citizens & Northern Corp, purchased 113 shares of common stock at $17.6757 per share on May 8, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On May 8, 2024, Frank G Pellegrino, a director of Citizens & Northern Corp, acquired 113 shares of common stock.
• The purchase price was $17.6757 per share.
• The transaction was executed under a pre-arranged trading plan (Rule 10b5-1) that became effective on May 1, 2024.
• Following the transaction, Pellegrino directly owns 37,513 shares of Citizens & Northern Corp.
• The filing was signed on May 10, 2024, by Amy S Bowser as Attorney-in-Fact for Frank G Pellegrino.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A director purchasing shares is generally a good sign, but the purchase was pre-planned under a 10b5-1 plan, reducing the impact.

Positives

• The director's purchase could be interpreted as a positive signal about their confidence in the company's future prospects.

Industry Context

Directors' transactions are closely watched by investors as they can provide insights into the company's performance and future prospects. Purchases are generally seen as a positive sign.

Stakeholder Impact

• The director's purchase may have a slightly positive impact on shareholder sentiment.

Key Dates