Form 4: Citizens & Northern Corp Director Katherine W Shattuck Reports Stock Purchase
SEC Form 4 Filing
Director Katherine W Shattuck of Citizens & Northern Corp reports purchasing 90 shares of common stock at $20.58 per share on November 8, 2024.
Summary
- On November 8, 2024, Katherine W Shattuck, a director of Citizens & Northern Corp, purchased 90 shares of common stock at a price of $20.58 per share.
- The transaction increased Shattuck's direct holdings to 7,539 shares of common stock.
- The purchase 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 doesn't indicate a strong conviction.
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
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their trading activities. This particular filing indicates a director's purchase of company stock, which is generally viewed as a positive sign.
Stakeholder Impact
- The purchase could have a slightly positive impact on shareholders, signaling confidence from a company director.
Key Dates
| Date | Description |
|---|---|
| 05/01/2024 | Effective date of the written plan under which the transaction was made. |
| 11/08/2024 | Date of the stock purchase transaction. |
| 11/12/2024 | Date of signature on the Form 4 filing. |
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