Form 4: Citizens & Northern Corp Director Katherine W. Shattuck Acquires Additional Shares
SEC Form 4 Filing
Director Katherine W. Shattuck purchased 101 shares of Citizens & Northern Corp common stock at a price of $18.3482 per share on August 2, 2024, under a pre-arranged trading plan.
Summary
- On August 2, 2024, Katherine W. Shattuck, a director of Citizens & Northern Corp, acquired 101 shares of common stock.
- The purchase price was $18.3482 per share.
- The transaction increased Shattuck's direct holdings to 7,161 shares.
- The purchase was executed under a written plan effective May 1, 2024.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reflects a routine transaction by a company director under a pre-arranged trading plan.
Positives
- The director's purchase of shares may signal 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.
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 trading plan. |
| 08/02/2024 | Date of the transaction (purchase of shares). |
| 08/05/2024 | Date of signature on the Form 4 filing. |
| 09/22/2023 | Date of signature on the Attorney-in-Fact document. |
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