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[Form 4] Citizens Financial Services, Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

CZFS Form 4 highlights: Executive Vice President Jeffrey R. White reported the automatic acquisition of 16 common shares of Citizens Financial Services, Inc. on 27 June 2025. The transaction is coded “J,” indicating a stock dividend or similar non-open-market event. The reference price disclosed is $60.42, matching the declaration-date market price used to calculate the 1 % stock dividend. Following this dividend distribution, White’s direct beneficial ownership rose to 1,674 shares. No derivative securities were involved, and there was no cash consideration. While the additional shares marginally increase insider ownership, the scale (≈0.96 % of his holdings) and nature of the dividend suggest minimal market impact.

Punti salienti del modulo CZFS 4: Il Vicepresidente Esecutivo Jeffrey R. White ha comunicato l'acquisizione automatica di 16 azioni ordinarie di Citizens Financial Services, Inc. in data 27 giugno 2025. La transazione è contrassegnata con il codice “J,” che indica un dividendo azionario o un evento simile non di mercato aperto. Il prezzo di riferimento divulgato è di 60,42 $, corrispondente al prezzo di mercato del giorno della dichiarazione usato per calcolare il dividendo azionario dell'1%. Dopo questa distribuzione, la proprietà diretta di White è aumentata a 1.674 azioni. Non sono stati coinvolti strumenti derivati né è stato previsto alcun corrispettivo in denaro. Sebbene le azioni aggiuntive aumentino leggermente la partecipazione interna, la dimensione (circa lo 0,96% delle sue partecipazioni) e la natura del dividendo indicano un impatto minimo sul mercato.

Aspectos destacados del formulario CZFS 4: El vicepresidente ejecutivo Jeffrey R. White informó la adquisición automática de 16 acciones ordinarias de Citizens Financial Services, Inc. el 27 de junio de 2025. La transacción está codificada como “J,” lo que indica un dividendo en acciones o un evento similar fuera del mercado abierto. El precio de referencia declarado es de 60,42 $, coincidiendo con el precio de mercado en la fecha de la declaración utilizado para calcular el dividendo en acciones del 1%. Tras esta distribución de dividendos, la propiedad directa de White aumentó a 1.674 acciones. No se involucraron valores derivados ni hubo contraprestación en efectivo. Aunque las acciones adicionales aumentan marginalmente la propiedad interna, la escala (≈0,96 % de sus participaciones) y la naturaleza del dividendo sugieren un impacto mínimo en el mercado.

CZFS 양식 4 주요 내용: 부사장 제프리 R. 화이트는 2025년 6월 27일에 Citizens Financial Services, Inc.의 보통주 16주를 자동으로 취득했다고 보고했습니다. 거래 코드는 “J”로, 이는 주식 배당 또는 유사한 비공개 시장 이벤트를 나타냅니다. 공시된 기준 가격은 60.42달러로, 1% 주식 배당을 계산하는 데 사용된 선언일 시장 가격과 일치합니다. 이 배당 분배 후 화이트의 직접 소유 주식은 1,674주로 증가했습니다. 파생 증권은 포함되지 않았으며 현금 대가도 없었습니다. 추가 주식이 내부자 소유를 약간 증가시키지만, 규모(보유 주식의 약 0.96%)와 배당의 성격으로 미루어 볼 때 시장에 미치는 영향은 미미할 것으로 보입니다.

Points clés du formulaire CZFS 4 : Le vice-président exécutif Jeffrey R. White a déclaré l'acquisition automatique de 16 actions ordinaires de Citizens Financial Services, Inc. le 27 juin 2025. La transaction est codée “J,” indiquant un dividende en actions ou un événement similaire hors marché ouvert. Le prix de référence divulgué est de 60,42 $, correspondant au cours du marché à la date de déclaration utilisé pour calculer le dividende en actions de 1 %. Suite à cette distribution, la propriété directe de White est passée à 1 674 actions. Aucun titre dérivé n’a été impliqué, et aucune contrepartie en espèces n’a été versée. Bien que les actions supplémentaires augmentent légèrement la participation interne, l’ampleur (environ 0,96 % de ses avoirs) et la nature du dividende suggèrent un impact minimal sur le marché.

Highlights des CZFS Formulars 4: Executive Vice President Jeffrey R. White meldete den automatischen Erwerb von 16 Stammaktien der Citizens Financial Services, Inc. am 27. Juni 2025. Die Transaktion ist mit dem Code “J” gekennzeichnet, was auf eine Aktiendividende oder ein ähnliches Ereignis außerhalb des offenen Marktes hinweist. Der angegebene Referenzpreis beträgt 60,42 $ und entspricht dem Marktpreis am Erklärungstag, der zur Berechnung der 1 % Aktiendividende verwendet wurde. Nach dieser Dividendenausschüttung stieg Whites direkte wirtschaftliche Beteiligung auf 1.674 Aktien. Es wurden keine Derivate eingesetzt und keine Barzahlung geleistet. Obwohl die zusätzlichen Aktien den Insiderbesitz geringfügig erhöhen, deuten das Ausmaß (ca. 0,96 % seines Bestands) und die Art der Dividende auf eine minimale Marktwirkung hin.

Positive
  • Insider ownership increases: Executive VP now holds 1,674 shares, modestly aligning management interests with shareholders.
Negative
  • Immaterial size: Only 16 shares were added, providing negligible insight into management’s outlook or company valuation.

Insights

TL;DR: Small 1% stock-dividend adds 16 shares to EVP White’s stake; immaterial but directionally positive insider alignment.

The Form 4 discloses a routine stock-dividend adjustment rather than an open-market purchase. Code “J” denotes a non-cash transaction, so there is no direct signal of insider valuation conviction. The increase takes White’s ownership to 1,674 shares—still modest relative to CZFS’s 3.4 million shares outstanding. Because the event neither alters float nor involves insider selling, it is neutral-to-slightly-positive for sentiment but not financially material. Investors should view it as standard housekeeping associated with the company’s 1 % stock dividend declared earlier.

Punti salienti del modulo CZFS 4: Il Vicepresidente Esecutivo Jeffrey R. White ha comunicato l'acquisizione automatica di 16 azioni ordinarie di Citizens Financial Services, Inc. in data 27 giugno 2025. La transazione è contrassegnata con il codice “J,” che indica un dividendo azionario o un evento simile non di mercato aperto. Il prezzo di riferimento divulgato è di 60,42 $, corrispondente al prezzo di mercato del giorno della dichiarazione usato per calcolare il dividendo azionario dell'1%. Dopo questa distribuzione, la proprietà diretta di White è aumentata a 1.674 azioni. Non sono stati coinvolti strumenti derivati né è stato previsto alcun corrispettivo in denaro. Sebbene le azioni aggiuntive aumentino leggermente la partecipazione interna, la dimensione (circa lo 0,96% delle sue partecipazioni) e la natura del dividendo indicano un impatto minimo sul mercato.

Aspectos destacados del formulario CZFS 4: El vicepresidente ejecutivo Jeffrey R. White informó la adquisición automática de 16 acciones ordinarias de Citizens Financial Services, Inc. el 27 de junio de 2025. La transacción está codificada como “J,” lo que indica un dividendo en acciones o un evento similar fuera del mercado abierto. El precio de referencia declarado es de 60,42 $, coincidiendo con el precio de mercado en la fecha de la declaración utilizado para calcular el dividendo en acciones del 1%. Tras esta distribución de dividendos, la propiedad directa de White aumentó a 1.674 acciones. No se involucraron valores derivados ni hubo contraprestación en efectivo. Aunque las acciones adicionales aumentan marginalmente la propiedad interna, la escala (≈0,96 % de sus participaciones) y la naturaleza del dividendo sugieren un impacto mínimo en el mercado.

CZFS 양식 4 주요 내용: 부사장 제프리 R. 화이트는 2025년 6월 27일에 Citizens Financial Services, Inc.의 보통주 16주를 자동으로 취득했다고 보고했습니다. 거래 코드는 “J”로, 이는 주식 배당 또는 유사한 비공개 시장 이벤트를 나타냅니다. 공시된 기준 가격은 60.42달러로, 1% 주식 배당을 계산하는 데 사용된 선언일 시장 가격과 일치합니다. 이 배당 분배 후 화이트의 직접 소유 주식은 1,674주로 증가했습니다. 파생 증권은 포함되지 않았으며 현금 대가도 없었습니다. 추가 주식이 내부자 소유를 약간 증가시키지만, 규모(보유 주식의 약 0.96%)와 배당의 성격으로 미루어 볼 때 시장에 미치는 영향은 미미할 것으로 보입니다.

Points clés du formulaire CZFS 4 : Le vice-président exécutif Jeffrey R. White a déclaré l'acquisition automatique de 16 actions ordinaires de Citizens Financial Services, Inc. le 27 juin 2025. La transaction est codée “J,” indiquant un dividende en actions ou un événement similaire hors marché ouvert. Le prix de référence divulgué est de 60,42 $, correspondant au cours du marché à la date de déclaration utilisé pour calculer le dividende en actions de 1 %. Suite à cette distribution, la propriété directe de White est passée à 1 674 actions. Aucun titre dérivé n’a été impliqué, et aucune contrepartie en espèces n’a été versée. Bien que les actions supplémentaires augmentent légèrement la participation interne, l’ampleur (environ 0,96 % de ses avoirs) et la nature du dividende suggèrent un impact minimal sur le marché.

Highlights des CZFS Formulars 4: Executive Vice President Jeffrey R. White meldete den automatischen Erwerb von 16 Stammaktien der Citizens Financial Services, Inc. am 27. Juni 2025. Die Transaktion ist mit dem Code “J” gekennzeichnet, was auf eine Aktiendividende oder ein ähnliches Ereignis außerhalb des offenen Marktes hinweist. Der angegebene Referenzpreis beträgt 60,42 $ und entspricht dem Marktpreis am Erklärungstag, der zur Berechnung der 1 % Aktiendividende verwendet wurde. Nach dieser Dividendenausschüttung stieg Whites direkte wirtschaftliche Beteiligung auf 1.674 Aktien. Es wurden keine Derivate eingesetzt und keine Barzahlung geleistet. Obwohl die zusätzlichen Aktien den Insiderbesitz geringfügig erhöhen, deuten das Ausmaß (ca. 0,96 % seines Bestands) und die Art der Dividende auf eine minimale Marktwirkung hin.

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*
White Jeffrey R

(Last) (First) (Middle)
100 LIBERTY STREET

(Street)
WARREN PA 16365

(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
EXECUTIVE VICE PRESIDENT
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 16 A $60.42 1,674 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 JEFFREY R WHITE UNDER POWER OF ATTORNEY DATED JULY 16, 2024 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.
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.

FAQ

What transaction did CZFS file on Form 4?

A 1 % stock dividend credited Executive VP Jeffrey R. White with 16 additional common shares on 27 June 2025.

What is the Form 4 transaction code "J" for CZFS?

Code J indicates a non-open-market acquisition such as a stock dividend or corporate event, not a typical purchase or sale.

How many CZFS shares does EVP Jeffrey White now own?

After the dividend, White’s direct ownership totals 1,674 common shares.

Was any cash paid for the CZFS shares acquired?

No. The shares were received via stock dividend, so there was no cash consideration.

Does this Form 4 signal insider confidence in CZFS?

Because it is a routine dividend distribution rather than a voluntary purchase, it offers limited insight into insider sentiment.
Citizens Fincl S

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