Form 4: Citizens & Northern Corp Director Katherine W Shattuck Acquires Additional Shares
SEC Form 4
Director Katherine W Shattuck purchased 97 shares of Citizens & Northern Corp common stock at $19.15 per share on September 6, 2024, according to a Form 4 filing.
Summary
- On September 6, 2024, Katherine W Shattuck, a director of Citizens & Northern Corp, acquired 97 shares of common stock.
- The purchase price was $19.15 per share.
- Following the transaction, Shattuck directly owns 7,349 shares of Citizens & Northern Corp.
- 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 suggests confidence, but the small number of shares purchased limits 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 by investors as they can provide insights into management's perspective on the company's valuation and future performance. Purchases are generally viewed more favorably than sales.
Stakeholder Impact
- The purchase could have a slightly positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 05/01/2024 | Effective date of the written trading plan. |
| 09/06/2024 | Date of the stock purchase transaction. |
| 09/10/2024 | Date of signature on the Form 4 filing. |
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