Form 4: Citizens & Northern Corp Director Katherine W Shattuck Acquires Shares Under 10b5-1 Plan
SEC Form 4 Filing
Director Katherine W Shattuck of Citizens & Northern Corp acquired 91 shares of common stock at $20.4587 per share on December 6, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- Katherine W Shattuck, a director at Citizens & Northern Corp, purchased 91 shares of the company's common stock.
- The transaction occurred on December 6, 2024, at a price of $20.4587 per share.
- This purchase was executed under a pre-established Rule 10b5-1 trading plan, which became effective on May 1, 2024.
- Following the transaction, Ms. Shattuck directly owns 7,718 shares of Citizens & Northern Corp stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as the purchase by a director indicates confidence in the company, but it is a routine transaction under a pre-arranged plan.
Positives
- The purchase indicates confidence in the company by a director.
- The use of a 10b5-1 plan suggests a planned and consistent approach to trading.
Industry Context
This is a routine filing for insider trading activity, and the use of a 10b5-1 plan is a common practice for corporate insiders to avoid accusations of trading on non-public information.
Comparison to Industry Standards
- The use of a 10b5-1 trading plan is a standard practice among corporate insiders at publicly traded companies, such as those in the financial sector like JPMorgan Chase & Co. or Bank of America.
- The transaction is relatively small in volume, which is typical for routine insider purchases under a 10b5-1 plan, similar to regular stock purchases by directors at companies like Wells Fargo or Citigroup.
- The price of $20.4587 per share is within the expected range for a company of this size and sector, comparable to other regional banks.
Stakeholder Impact
- The purchase may have a slightly positive impact on shareholder confidence.
Key Dates
| Date | Description |
|---|---|
| 05/01/2024 | Effective date of the 10b5-1 trading plan. |
| 12/06/2024 | Date of the stock purchase transaction. |
| 12/09/2024 | Date the Form 4 was signed. |
Keywords
Form 4, insider trading, 10b5-1 plan, stock acquisition, director, CZNC, Citizens & Northern Corp, Katherine W Shattuck
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.