Form 4: Citizens & Northern Corp Executive VP Thomas L. Rudy, Jr. Reports Changes in Beneficial Ownership

Executive VP Thomas L. Rudy, Jr. reports changes in beneficial ownership of Citizens & Northern Corp stock due to dividend reinvestments.

Summary

• Thomas L. Rudy, Jr., an Executive VP at Citizens & Northern Corp, filed a Form 4 with the SEC on May 23, 2025.
• The filing reports changes in beneficial ownership of common stock due to dividend reinvestments.
• Rudy acquired 1 share of common stock at $19.66 through a dividend reinvestment plan on May 15, 2025, held indirectly by a child.
• He also acquired 191 shares at $19.63 through an exempt acquisition in the ESOP via dividend reinvestment on May 20, 2025, held indirectly by the ESOP.
• Following these transactions, Rudy directly owns 37,384 shares and indirectly owns 13,587 shares through the ESOP.
• The filing also includes a power of attorney, effective March 18, 2025, authorizing Melinda S. Kilburn, Elizabeth A. Pivirotto, Amy T. Garraty, Mark A. Hughes, or Mark R. Long to sign SEC filings on Rudy's behalf.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing, indicating standard transactions. Sentiment is neutral as it reflects normal business operations.

Positives

• The document indicates continued participation in the dividend reinvestment plan, which can be seen as a positive sign of confidence in the company.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. Dividend reinvestment plans are common, allowing shareholders to increase their holdings without incurring brokerage fees.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders, ensuring compliance with SEC regulations.
• Dividend reinvestment plans are a common offering among financial institutions like Citizens & Northern Corp, similar to programs offered by companies such as Bank of America or JPMorgan Chase.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they involve small changes in ownership due to dividend reinvestments.

Key Dates

Keywords

Form 4, Beneficial Ownership, Dividend Reinvestment, ESOP, CZNC, Citizens & Northern Corp, Rudy, Executive VP