4/A: Citizens & Northern Corp Director Katherine W Shattuck Amends Filing to Reflect 10b5-1 Trading Plan
SEC Filing (Form 4/A)
Katherine W Shattuck, a director of Citizens & Northern Corp, amended a previous filing to indicate a transaction was made pursuant to a Rule 10b5-1 trading plan.
Summary
- Katherine W Shattuck, a director of Citizens & Northern Corp, filed an amendment to a Form 4, originally filed on May 6, 2024.
- The amendment clarifies that a transaction involving common stock was executed under a Rule 10b5-1 trading plan.
- On May 3, 2024, Shattuck acquired 159 shares of common stock at a price of $17.878 per share.
- Following the transaction, Shattuck directly owns 6,664 shares of Citizens & Northern Corp common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral. It's a standard regulatory filing indicating a planned stock purchase by a director. The use of a 10b5-1 plan suggests a proactive approach to compliance.
Industry Context
This filing is a routine disclosure of insider trading activity. The use of a 10b5-1 plan suggests the director is managing their trading activity to avoid accusations of trading on inside information.
Key Dates
| Date | Description |
|---|---|
| 05/03/2024 | Date of transaction: Acquisition of 159 shares of common stock. |
| 05/06/2024 | Date of original filing. |
| 05/08/2024 | Date of signature on the amendment. |
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