Form 4: Citizens & Northern Corp Director Shattuck Acquires Shares Under Pre-arranged 10b5-1 Plan

Katherine W Shattuck, a director of Citizens & Northern Corp, purchased 88 shares of common stock at $21.24 per share on February 7, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On February 7, 2025, Katherine W Shattuck, a director of Citizens & Northern Corp, acquired 88 shares of the company's common stock.
• The purchase price was $21.24 per share.
• This transaction was executed under a pre-existing written trading plan that became effective on May 1, 2024.
• Following the transaction, Shattuck directly owns 7,575 shares of Citizens & Northern Corp common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A director purchasing shares is generally a good sign, but the purchase was pre-planned.

Positives

• The purchase by a director may signal confidence in the company's prospects.
• The use of a pre-arranged 10b5-1 plan suggests the transaction was planned and not based on insider information.

Industry Context

Insider transactions are closely monitored by regulators and investors as they can provide insights into management's view of the company's prospects. Purchases are generally seen as a positive sign, while sales may raise concerns.

Stakeholder Impact

• The purchase could have a slightly positive impact on shareholder sentiment.

Key Dates

Keywords

Form 4, insider trading, Rule 10b5-1, director, share purchase, CZNC, Citizens & Northern Corp, Shattuck