Form 4: Citizens & Northern Corp Director Frank G. Pellegrino Increases Stake with Recent Stock Purchase
SEC Form 4 Filing
Frank G. Pellegrino, a director at Citizens & Northern Corp, acquired 212 shares of common stock at $19.15 per share on September 6, 2024, increasing his total holdings to 39,534 shares.
Summary
- On September 6, 2024, Frank G. Pellegrino, a director of Citizens & Northern Corp, purchased 212 shares of the company's common stock.
- The purchase price was $19.15 per share.
- This transaction increased Pellegrino's direct ownership to 39,534 shares.
- The transaction was executed under a pre-arranged written plan effective May 1, 2024.
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, reducing the impact.
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 as they can provide insights into a company's performance and future prospects. Purchases by directors are often viewed positively.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 05/01/2024 | Effective date of the written plan under which the transaction was made. |
| 09/06/2024 | Date of the stock purchase transaction. |
| 09/10/2024 | Date of signature on the Form 4 filing. |
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