Form 4: Citizens & Northern Corp Executive Acquires Shares Through Dividend Reinvestment
SEC Form 4 Filing
Matthew L. Bower, EVP, CHIEF WEALTH MGMT OFFICER of Citizens & Northern Corp, acquired 15 shares of common stock through a dividend reinvestment plan.
Summary
- On May 23, 2024, Matthew L. Bower, EVP, CHIEF WEALTH MGMT OFFICER of Citizens & Northern Corp, acquired 15 shares of common stock at a price of $18.19 per share.
- The acquisition was made through a dividend reinvestment plan.
- Following the transaction, Bower directly owns 6,476 shares and indirectly owns 971 shares through an ESOP.
Sentiment
Score: 5
Explanation: The document reflects a neutral sentiment as it reports a routine transaction. There are no indications of positive or negative performance.
Positives
- The acquisition of shares through a dividend reinvestment plan demonstrates the executive's continued investment in the company.
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 employees and executives to increase their stake in the company.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it involves a small number of shares acquired through a dividend reinvestment plan.
Key Dates
| Date | Description |
|---|---|
| 05/23/2024 | Date of transaction: Matthew L. Bower acquired 15 shares of common stock through dividend reinvestment. |
| 05/30/2024 | Date of signature on the Form 4 filing. |
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