Form 4: Citizens & Northern Corp Director Leo F Lambert Acquires Additional Shares Through Dividend Reinvestment
SEC Form 4 Filing
Director Leo F Lambert increased his holdings in Citizens & Northern Corp through a dividend reinvestment plan, acquiring 179 shares at $18.22 each.
Summary
- Leo F Lambert, a director of Citizens & Northern Corp, acquired 179 shares of common stock on May 17, 2024.
- The shares were acquired through a dividend reinvestment plan at a price of $18.22 per share.
- Following the transaction, Lambert directly owns 41,440 shares of Citizens & Northern Corp.
- The transaction was reported on May 28, 2024.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The director's participation in the dividend reinvestment plan is a good sign, but the transaction is small and routine.
Positives
- The director's participation in the dividend reinvestment plan signals confidence in the company's future.
Industry Context
Dividend reinvestment plans are a common way for company insiders to increase their stake in the company, often seen as a positive signal to the market.
Stakeholder Impact
- The transaction could have a slightly positive impact on shareholders as it signals insider confidence.
Key Dates
| Date | Description |
|---|---|
| 05/17/2024 | Date of transaction: Leo F Lambert acquired 179 shares of CZNC through dividend reinvestment. |
| 05/28/2024 | Date of Form 4 filing. |
| 9/30/23 | Date of signature of Amy S Bowser for Leo F Lambert, Attorney-in-Fact |
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