Form 4: Citizens & Northern Corp Director Acquires Shares Through Restricted Stock Award

Director Terry L. Lehman acquired 1,270 shares of Citizens & Northern Corp common stock through a restricted stock award on April 24, 2025.

Summary

• On April 24, 2025, Terry L. Lehman, a director of Citizens & Northern Corp, acquired 1,270 shares of common stock.
• The acquisition was a result of a restricted stock award.
• The price per share was $19.68.
• Following the transaction, Lehman directly owns 26,837 shares of Citizens & Northern Corp.
• A power of attorney was executed on March 20, 2025, authorizing Melinda S. Kilburn, Elizabeth A. Pivirotto, Amy T. Garraty, Mark A. Hughes, or Mark R. Long to sign documents on Lehman's behalf related to SEC filings.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing related to a stock award. The director's increased stake could be mildly positive, but it's not a major event.

Positives

• The acquisition of shares by a director could be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding the director's holdings.
• The increased ownership by a director may be viewed positively by shareholders.

Key Dates

Keywords

Citizens & Northern Corp, Director, Terry L. Lehman, Form 4, Restricted Stock, Beneficial Ownership, Acquisition, Shares, CZNC