Form 4: Citizens & Northern Corp Director Acquires Shares
SEC Form 4 Filing
Frank G Pellegrino, a director of Citizens & Northern Corp, purchased 489 shares of common stock at $18.1065 per share on April 8, 2024.
Summary
- On April 8, 2024, Frank G Pellegrino, a director of Citizens & Northern Corp, acquired 489 shares of common stock.
- The purchase price was $18.1065 per share.
- Following the transaction, Pellegrino directly owns 37,118 shares of Citizens & Northern Corp.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. A director purchasing shares is generally a good sign, but the purchase is relatively small.
Positives
- A director's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
Insider transactions are closely monitored by investors as they can provide insights into a company's prospects. Purchases by directors are often seen as a positive sign.
Stakeholder Impact
- The purchase could have a slightly positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 04/08/2024 | Date of transaction: Frank G Pellegrino purchased 489 shares of common stock. |
| 04/09/2024 | Date of signature on the Form 4 filing. |
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