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

Matthew L Bower, EVP, CHIEF WEALTH MGMT OFFICER of Citizens & Northern Corp, reports transactions involving common stock, including acquisitions and disposals.

Summary

• On January 31, 2025, Matthew L Bower acquired 1,736 shares of common stock at $21.99 per share.
• On the same day, Bower disposed of 332 shares at $21.37 per share to cover tax liabilities.
• Bower also acquired 305 shares indirectly through an ESOP contribution.
• Following these transactions, Bower directly owns 7,880 shares and indirectly owns 1,304 shares through the ESOP.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports transactions without indicating positive or negative implications for the company's performance.

Positives

• Matthew L Bower increased his direct holdings of Citizens & Northern Corp stock by acquiring 1,736 shares.
• The ESOP contribution further increased his indirect ownership by 305 shares.

Negatives

• The disposal of 332 shares to cover tax liabilities slightly reduced Bower's direct holdings.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities in the company's stock.

Stakeholder Impact

• The transactions may provide shareholders with insights into management's confidence in the company.

Key Dates

Keywords

Beneficial Ownership, Form 4, Citizens & Northern Corp, CZNC, Matthew L Bower, ESOP, Stock Transactions, EVP, CHIEF WEALTH MGMT OFFICER