Form 4: Citizens & Northern Corp Executive Matthew Bower Reports Changes in Beneficial Ownership

Matthew Bower, EVP, Chief Wealth Management Officer of Citizens & Northern Corp, reports transactions involving common stock, including tax liability fulfillment and ESOP dividend reinvestment.

Summary

• On February 20, 2025, Matthew Bower, EVP, Chief Wealth Management Officer of Citizens & Northern Corp, reported changes in beneficial ownership of the company's common stock.
• A transaction involved the withholding of 161 shares to cover tax liabilities at a price of $21.52 per share.
• Additionally, 17 shares were acquired through an exempt acquisition in the ESOP via dividend reinvestment at a price of $21.6577 per share.
• Following these transactions, Bower directly owns 7,497 shares and indirectly owns 1,321 shares through the ESOP.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing transactions, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It's a standard practice for executives to manage their tax obligations related to stock-based compensation.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and ESOP management.

Key Dates

Keywords

Beneficial Ownership, Form 4, ESOP, Dividend Reinvestment, Tax Liability, CZNC, Citizens & Northern Corp, Matthew Bower