Form 4: Citizens & Northern Corp Director Leo F Lambert Acquires Additional Shares Through Dividend Reinvestment
SEC Form 4
Director Leo F Lambert increased his holdings in Citizens & Northern Corp through a dividend reinvestment plan, acquiring 174 shares at $18.95 each.
Summary
- On August 9, 2024, Leo F Lambert, a director of Citizens & Northern Corp, acquired 174 shares of common stock.
- The shares were acquired through a dividend reinvestment plan at a price of $18.95 per share.
- Following the transaction, Lambert directly owns 41,614 shares of Citizens & Northern Corp.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It reflects a routine transaction (dividend reinvestment) by a director, indicating a continued investment in the company but not necessarily a major shift in outlook.
Positives
- The director's participation in the dividend reinvestment plan signals confidence in the company's future.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and provides transparency to the market regarding the trading activities of company insiders.
Stakeholder Impact
- The transaction may have a slightly positive impact on shareholders as it signals confidence from a company director.
Key Dates
| Date | Description |
|---|---|
| 08/09/2024 | Date of transaction: Leo F Lambert acquired 174 shares of Citizens & Northern Corp. |
| 08/16/2024 | Signature date of the report. |
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