Form 4: Citizens & Northern Corp Director Katherine W Shattuck Acquires Additional Shares
SEC Form 4
Director Katherine W Shattuck increased her holdings in Citizens & Northern Corp by purchasing 94 shares at $17.6757 per share on May 8, 2024, under a pre-arranged trading plan.
Summary
- On May 8, 2024, Katherine W Shattuck, a director of Citizens & Northern Corp, acquired 94 shares of common stock at a price of $17.6757 per share.
- The transaction was executed under a written plan that became effective on May 1, 2024.
- Following the transaction, Shattuck directly owns 6,758 shares of Citizens & Northern Corp.
- The filing was submitted on May 10, 2024.
Sentiment
Score: 6
Explanation: Neutral sentiment as it's a routine transaction under a pre-arranged plan, but insider buying is generally viewed slightly positively.
Positives
- Director's purchase may signal confidence in the company's prospects.
Industry Context
Insider transactions are closely monitored as they can provide insights into a company's performance and future prospects. Purchases by directors may be interpreted as a positive signal.
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. |
| 05/08/2024 | Date of the stock purchase transaction. |
| 05/10/2024 | Date of Form 4 filing. |
| 09/22/2023 | Date of Attorney-in-Fact authorization. |
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