Form 4: Citizens & Northern Corp Director Helen S. Santiago Reports Stock Acquisitions Through Dividend Reinvestment

Director Helen S. Santiago reports acquiring additional shares of Citizens & Northern Corp through a dividend reinvestment plan.

Summary

• Helen S. Santiago, a director of Citizens & Northern Corp, reported acquiring additional shares of common stock on May 17, 2024.
• The shares were acquired through a dividend reinvestment plan.
• Ms. Santiago acquired 102 shares directly at a price of $18.475 per share.
• She also acquired 1 share each in two separate accounts held as custodian, also at $18.475 per share.
• Following these transactions, Ms. Santiago directly owns 7,838 shares of common stock.
• She also indirectly owns 111 shares and 110 shares as custodian in two separate accounts.

Sentiment

Score: 6

Explanation: The Form 4 filing itself is neutral, but the director's participation in the dividend reinvestment plan can be seen as a mildly positive signal.

Positives

• The director's participation in the dividend reinvestment plan signals confidence in the company's future.

Industry Context

Dividend reinvestment plans are a common way for shareholders, including directors, to increase their stake in a company, often seen as a positive sign.

Stakeholder Impact

• The director's increased stake could be viewed positively by shareholders.

Key Dates