Citizens Financial Services director granted 70 shares

A director of CITIZENS FINANCIAL SERVICES INC received a stock award under the 2026 Equity Incentive Plan, modestly increasing direct and indirect share holdings.

Rhea-AI Filing Summary

CITIZENS FINANCIAL SERVICES INC (symbol: CZFS) is the issuer of record for a Form 4 filing submitted to the SEC. DePaola Rinaldo A reported acquisition or exercise transactions in this Form 4 filing.

CITIZENS FINANCIAL SERVICES INC (CZFS) reported that director Rinaldo A. DePaola received a grant of 70 shares of Common Class stock on September 15, 2026, as a stock award under the Citizens Financial Services, Inc. 2026 Equity Incentive Plan, at a reported price of $0.00 per share.

After this grant, DePaola directly holds 16,851.199 Common Class shares, and an additional 2,184.574 shares are held indirectly by a spouse. No transactions were reported under a Rule 10b5-1 trading plan.

Insider Trade Summary

Grant/Award: 70 shares

Grant/Award 2 txns

Insider DePaola Rinaldo A

Role Director

Type	Security	Shares	Price	Value
Grant/Award	COMMON CLASS	70	$0.00	$0.00
holding	COMMON CLASS	--	--	--

Holdings After Transaction: COMMON CLASS — 16,851.199 shares (Direct); COMMON CLASS — 2,184.574 shares (Indirect, BY SPOUSE)

Key Figures

Stock award shares granted: 70 shares Reported grant price per share: $0.00 per share Direct holdings after transaction: 16,851.199 shares +1 more

4 metrics

Stock award shares granted 70 shares Common Class shares granted to director Rinaldo A. DePaola on September 15, 2026

Reported grant price per share $0.00 per share Price reported for the 70-share stock award under the 2026 Equity Incentive Plan

Direct holdings after transaction 16,851.199 shares Common Class shares directly owned by Rinaldo A. DePaola after the award

Indirect holdings by spouse 2,184.574 shares Common Class shares held indirectly through spouse, as reported on the Form 4

Key Terms

Equity Incentive Plan, stock award, indirect, Rule 10b5-1

4 terms

Equity Incentive Plan financial

"STOCK AWARDS GRANTED PURSUANT TO THE CITIZENS FINANCIAL SERVICES, INC. 2026 EQUITY INCENTIVE PLAN."

An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.

stock award financial

"STOCK AWARDS GRANTED PURSUANT TO THE CITIZENS FINANCIAL SERVICES, INC. 2026 EQUITY INCENTIVE PLAN."

indirect financial

"total shares following transaction 2,184.5740, ownership type indirect by spouse"

Rule 10b5-1 regulatory

"No Rule 10b5-1 trading plan is reported for these transactions."

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

FAQ

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

What insider transaction did CZFS report for director Rinaldo A. DePaola?

CZFS reported that director Rinaldo A. DePaola received a grant of 70 Common Class shares on September 15, 2026, as a stock award under the Citizens Financial Services, Inc. 2026 Equity Incentive Plan, at a reported price of $0.00 per share.

How many CZFS shares does Rinaldo A. DePaola hold directly after this Form 4?

After the award, Rinaldo A. DePaola directly holds 16,851.199 Common Class shares of CZFS. This reflects the inclusion of the 70-share stock award granted on September 15, 2026, under the company’s 2026 Equity Incentive Plan.

What indirect CZFS holdings are reported for Rinaldo A. DePaola?

In addition to direct holdings, the Form 4 reports 2,184.574 Common Class shares held indirectly by DePaola’s spouse. These indirect holdings are reported separately from his direct ownership position.

Was the CZFS stock award to Rinaldo A. DePaola made under a Rule 10b5-1 plan?

No. The filing indicates that no Rule 10b5-1 trading plan is reported for these transactions, as the related checkbox is not marked and there are no footnotes indicating a pre-arranged trading plan.

What plan authorized the 70-share CZFS stock award to the director?

The 70-share stock award was granted pursuant to the Citizens Financial Services, Inc. 2026 Equity Incentive Plan, as noted in the remarks section of the Form 4 describing the source of the stock awards.

What type of transaction code was used for the CZFS stock grant to the director?

The transaction used code A, which represents a grant, award, or other acquisition of securities. It reflects that the 70 Common Class shares were acquired as a stock award rather than a market purchase.

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

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Available on EDGAR 09/15/2026 - 04:56 PM Accepted by SEC EDGAR 09/15/2026 - 04:55 PM 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^*

DePaola Rinaldo A

(Last) (First) (Middle)

50 REEL STREET

(Street)

SAYRE PENNSYLVANIA 18840

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2026

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

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

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

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	09/15/2026		A		70	A	$0	16,851.199	D
COMMON CLASS								2,184.574	I	BY SPOUSE

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:

STOCK AWARDS GRANTED PURSUANT TO THE CITIZENS FINANCIAL SERVICES, INC. 2026 EQUITY INCENTIVE PLAN.

	GINA MARIE BOOR FOR RINALDO A. DEPAOLA UNDER POWER OF ATTORNEY DATED 03/03/2006	09/15/2026
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)