Form 4: Citizens & Northern Corp Director Stephen M Dorwart Reports Stock Acquisition
SEC Form 4
Director Stephen M Dorwart reports acquiring 70 shares of Citizens & Northern Corp through a dividend reinvestment plan.
Summary
- On August 9, 2024, Stephen M Dorwart, a director of Citizens & Northern Corp, acquired 70 shares of common stock through a dividend reinvestment plan.
- The price per share was $18.95.
- Following the transaction, Dorwart directly owns 11,656 shares and indirectly owns 6,548 shares through a corporation.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects a routine transaction (dividend reinvestment) by a director, indicating confidence in the company.
Positives
- The acquisition of shares through a dividend reinvestment plan indicates confidence in the company's future.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to the market.
Stakeholder Impact
- The transaction may have a minor positive impact on shareholder sentiment due to the director's increased investment in the company.
Key Dates
| Date | Description |
|---|---|
| 08/09/2024 | Date of transaction: Stephen M Dorwart acquired 70 shares of common stock. |
| 08/16/2024 | Signature date of the report. |
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