Form 4: Citizens & Northern Corp Executive VP Acquires Shares Through Dividend Reinvestment
SEC Form 4 Filing
Mark A. Hughes, Executive VP and CFO of Citizens & Northern Corp, acquired 253 shares of common stock through a dividend reinvestment plan at a price of $18.739 per share.
Summary
- Mark A. Hughes, the Executive VP and CFO of Citizens & Northern Corp, reported a transaction on August 14, 2024.
- He acquired 253 shares of common stock through a dividend reinvestment plan.
- The price per share was $18.739.
- Following the transaction, Hughes directly owns 68,184 shares and indirectly owns 17,173 shares through an ESOP.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects an executive's continued investment in the company through a dividend reinvestment plan, indicating confidence in the company's future.
Positives
- The acquisition of shares through a dividend reinvestment plan demonstrates the executive's continued investment in the company.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine insider transaction.
- It may indirectly signal confidence to shareholders.
Key Dates
| Date | Description |
|---|---|
| 08/14/2024 | Date of transaction: Mark A. Hughes acquired shares through dividend reinvestment. |
| 08/26/2024 | Signature date of the report. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.