Form 4: Citizens & Northern Corp Director Stephen M Dorwart Acquires Additional Shares Through Dividend Reinvestment

Director Stephen M Dorwart increased his holdings in Citizens & Northern Corp through a dividend reinvestment plan, acquiring 72 shares of common stock.

Summary

• On May 17, 2024, Stephen M Dorwart, a director of Citizens & Northern Corp, acquired 72 shares of common stock through a dividend reinvestment plan.
• The shares were acquired at a price of $18.22 per share.
• Following the transaction, Dorwart directly owns 11,586 shares of common stock and indirectly owns 6,548 shares through a corporation.

Sentiment

Score: 6

Explanation: The document reflects a routine transaction (dividend reinvestment) by a company director, suggesting a neutral sentiment. It indicates confidence but isn't a major event.

Positives

• The director's participation in the dividend reinvestment plan signals confidence in the company's future.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Dividend reinvestment plans are a common way for shareholders, including directors, to increase their stake in a company.

Stakeholder Impact

• The transaction may have a slightly positive impact on shareholders as it signals confidence from a company director.

Key Dates