4/A: Citizens & Northern Corp Director Amends Filing to Reflect 10b5-1 Trading Plan
SEC Filing
Frank G Pellegrino, a director at Citizens & Northern Corp, amended a previous filing to indicate a transaction was made pursuant to a 10b5-1 trading plan.
Summary
- Frank G Pellegrino, a director of Citizens & Northern Corp, filed an amendment to a previous Form 4 filing.
- The amendment indicates that a transaction involving common stock was made on May 3, 2024, under a Rule 10b5-1 trading plan.
- Pellegrino acquired 282 shares of common stock at a price of $17.878 per share.
- Following the transaction, Pellegrino directly owns 37,400 shares of Citizens & Northern Corp common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to insider trading activity. It doesn't contain information that would significantly sway investor sentiment positively or negatively.
Industry Context
Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their trading activities. The use of a 10b5-1 plan indicates a pre-arranged trading schedule to avoid accusations of insider trading.
Key Dates
| Date | Description |
|---|---|
| 05/03/2024 | Date of the stock transaction. |
| 05/06/2024 | Date of original filing. |
| 05/08/2024 | Date of signature on the amendment. |
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