Form 4: Citizens & Northern Corp Director Loughery Acquires Shares Through Dividend Reinvestment
SEC Form 4 Filing
Director Robert G. Loughery increased his holdings in Citizens & Northern Corp through a dividend reinvestment plan.
Summary
- On May 17, 2024, Robert G. Loughery, a director of Citizens & Northern Corp, acquired 108 shares of common stock through a dividend reinvestment plan.
- The price per share was $18.475.
- Following the transaction, Loughery directly owns 8,838 shares.
- He also indirectly owns shares through his spouse (2 shares) and child (375 shares).
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. A director increasing their stake through a dividend reinvestment plan is generally viewed favorably, indicating confidence in the company's performance. However, the impact is relatively small.
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 shareholders, including directors, to increase their stake in a company, often seen as a positive signal.
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: Robert G. Loughery acquired shares through dividend reinvestment. |
| 05/28/2024 | Date of signature on the Form 4 filing. |
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