Form 4: Citizens & Northern Corp Director Frank G Pellegrino Acquires Shares
SEC Form 4 Filing
Director Frank G Pellegrino purchased 94 shares of Citizens & Northern Corp (CZNC) at $17.9677 per share on March 8, 2024.
Summary
- On March 8, 2024, Frank G Pellegrino, a director of Citizens & Northern Corp (CZNC), acquired 94 shares of common stock.
- The purchase price was $17.9677 per share.
- Following the transaction, Pellegrino directly owns 36,629 shares of CZNC.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. The director's purchase is a slightly positive signal, but the transaction is 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
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their trading activities. This purchase is a small transaction and may not be indicative of a larger trend.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Date of transaction: Frank G Pellegrino purchased shares of CZNC. |
| 03/12/2024 | Date of Form 4 filing. |
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