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

EVP and Chief Information Officer Alexander Balagour increased his indirect holdings in Citizens & Northern Corp through an exempt acquisition via dividend reinvestment within the company's ESOP.

Summary

• Alexander Balagour, EVP and Chief Information Officer of Citizens & Northern Corp, reported a transaction on May 20, 2025.
• The transaction involved the acquisition of 25 shares of common stock at a price of $19.63 per share.
• These shares were acquired indirectly through an exempt acquisition in the ESOP via dividend reinvestment under the dividend reinvestment plan.
• Following the transaction, Balagour directly owns 12,151 shares and indirectly owns 1,715 shares through the ESOP.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects routine insider activity through an employee benefit plan, indicating confidence in the company's future.

Positives

• The acquisition of shares through the ESOP demonstrates the executive's participation in the company's long-term growth.

Industry Context

Insider transactions are routinely monitored and reported to the SEC to ensure transparency and prevent illegal trading activities. This transaction reflects a routine acquisition of shares through a company-sponsored employee benefit plan.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it involves a small number of shares acquired through an existing employee benefit plan.

Key Dates

Keywords

ESOP, dividend reinvestment, Form 4, Citizens & Northern Corp, CZNC, insider trading, Alexander Balagour, share acquisition