Form 4: Citizens & Northern Corp Executive Matthew L. Bower Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Matthew L. Bower, EVP, Chief Wealth Management Officer of Citizens & Northern Corp, reports a transaction involving common stock on February 18, 2025.
Summary
- On February 18, 2025, Matthew L. Bower, EVP, Chief Wealth Management Officer of Citizens & Northern Corp, engaged in a transaction involving the company's common stock.
- A total of 222 shares were disposed of to cover tax liabilities at a price of $21.525 per share.
- Following the transaction, Bower directly owns 7,658 shares of common stock and indirectly owns 1,304 shares through an ESOP.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It simply reports a transaction without implying any positive or negative outlook.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It is a standard practice for executives to manage their tax obligations related to stock-based compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares disposed of by an executive for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/18/2025 | Date of transaction involving common stock. |
| 02/19/2025 | Date of signature for the report. |
Keywords
Form 4, Beneficial Ownership, CZNC, Citizens & Northern Corp, Matthew L. Bower, Executive Compensation, Stock Transaction, ESOP
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