Form 4: Citizens & Northern Corp Executive Acquires Shares Through Dividend Reinvestment

Matthew L. Bower, EVP and Chief Wealth Management Officer at Citizens & Northern Corp, acquired 14 shares of common stock through a dividend reinvestment plan.

Summary

• Matthew L. Bower, an executive at Citizens & Northern Corp, acquired 14 shares of common stock.
• The shares were acquired on November 13, 2024, at a price of $20.98 per share.
• The acquisition was made through a dividend reinvestment plan.
• Following the transaction, Mr. Bower directly owns 6,476 shares and indirectly owns 999 shares through an ESOP.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction, indicating a positive but not overly significant sentiment. The executive's participation in the dividend reinvestment plan suggests confidence in the company.

Positives

• The acquisition of shares by an executive through a dividend reinvestment plan demonstrates confidence in the company's future.

Industry Context

This is a routine transaction for an executive of a publicly traded company, and it is common for executives to participate in dividend reinvestment plans.

Comparison to Industry Standards

• Dividend reinvestment plans are a common way for employees and executives to increase their holdings in a company.
• The transaction is consistent with standard practices for executives in publicly traded companies.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it demonstrates executive confidence in the company.

Key Dates

Keywords

dividend reinvestment, insider trading, share acquisition, common stock, executive, Citizens & Northern Corp, CZNC, Matthew L. Bower