Citizens Financial Director Adds 270 Shares After 1% Stock Dividend

Citizens Financial Services (CZFS) filed a Form 4 reporting that director R. Joseph Landy acquired 270.3221 shares of common stock on 06/27/2025.

Rhea-AI Filing Summary

Citizens Financial Services (CZFS) filed a Form 4 reporting that director R. Joseph Landy acquired 270.3221 shares of common stock on 06/27/2025. The transaction, coded “J,” reflects shares automatically issued through a 1 % stock dividend based on the declaration-date market price of $60.42, giving the issuance an implied value of roughly $16 K. Following the dividend, Landy’s direct holdings rise to 27,685.7745 shares.

The filing shows no sales, derivative exercises or 10b5-1 plan adoptions, and ownership remains entirely direct. Because the shares were received under a dividend rather than purchased on the open market, the disclosure is routine and carries minimal insight into insider sentiment or the company’s fundamentals.

Insights

Corporate Governance Analyst

Routine dividend issuance; negligible signal for investors.

The Form 4 documents a modest, non-discretionary share increase for director Landy via a 1 % stock dividend. At about $16 K, the value is far below thresholds that typically indicate bullish insider conviction. His stake grows by roughly 1 %, maintaining prior ownership influence. Because the addition stems from an automatic corporate action (code J), it neither alters governance dynamics nor provides predictive information about future performance. I view the disclosure as administratively necessary but financially immaterial.

Insider Trade Summary

Other: 270.3221 shares

Other 1 txn

Insider LANDY R JOSEPH

Role Director

Type	Security	Shares	Price	Value
Other	COMMON CLASS	270.3221	$60.42	$16K

Holdings After Transaction: COMMON CLASS — 27,685.7745 shares (Direct)

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many CZFS shares did director R. Joseph Landy receive on June 27 2025?

The Form 4 shows he received 270.3221 common shares.

What price was used to value the Citizens Financial stock dividend?

The dividend was valued at $60.42 per share, the market price on the declaration date.

How many CZFS shares does R. Joseph Landy own after the transaction?

Following the dividend, he directly owns 27,685.7745 shares.

Was the transaction an open-market purchase?

No. It was coded “J”, indicating shares were issued automatically through a stock dividend.

Did the filing report any derivative security activity or sales?

No. The Form 4 lists no sales and no derivative security transactions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/27/2025 - 09:35 AM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

LANDY R JOSEPH

(Last) (First) (Middle)

741 SOUTH MAIN STREET

(Street)

ATHENS PA 18810

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CITIZENS FINANCIAL SERVICES INC [ CZFS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/27/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
COMMON CLASS	06/27/2025		J		270.3221	A	$60.42	27,685.7745	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

1% STOCK DIVIDEND BASED ON THE DECLARATION DATE MARKET PRICE OF $60.42.

	GINA MARIE BOOR FOR R. JOSEPH LANDY UNDER POWER OF ATTORNEY DATED 08/22/2022	06/27/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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