Citizens Financial Services, Inc. filings document the public disclosures of a Pennsylvania banking company whose common stock trades on the Nasdaq Capital Market under CZFS. Its Form 8-K reports furnish unaudited results of operations and financial condition, investor presentations, Regulation FD materials, dividend and capital commentary, and other material corporate events tied to First Citizens Community Bank.
The company’s proxy and event filings also cover shareholder meeting matters, executive compensation, equity-based compensation plans, director and officer governance, and capital actions such as share repurchase authorization. These records describe the company’s bank holding-company structure, common stock, consolidated operating disclosures, and formal governance approvals.
Citizens Financial Services (CZFS) filed a Form 4 reporting that Executive Vice President Stephen J. Guillaume received 44.5905 common shares on 06/27/2025 through a 1% stock dividend (transaction code J). The implied price was $60.42 per share, bringing his direct beneficial ownership to 4,503.6378 shares. No open-market purchase, sale or derivative activity was disclosed.
The filing represents a routine dividend adjustment rather than an active trade and does not alter the insider’s reporting status or introduce new strategic information.
Citizens Financial Services (CZFS) director Janie M. Hilfiger reported a Form 4 filing on June 27, 2025, disclosing the acquisition of 31.8302 shares of common stock at $60.42 per share through a 1% stock dividend. Following this transaction, Hilfiger's direct ownership increased to 3,396.8537 shares.
Key details of the transaction:
- Transaction Code: J (Other)
- Nature: 1% stock dividend based on declaration date market price
- Ownership: Direct
- Filing was submitted by Gina Marie Boor under power of attorney dated 02/15/2022
This routine transaction represents a standard stock dividend distribution to shareholders, with no market purchases or sales involved. The filing indicates continued insider ownership alignment with shareholder interests.
Citizens Financial Services (CZFS) filed a routine Form 4 reporting that Director John P. Painter II received a 1% stock dividend on 27 June 2025. The dividend added 23.8553 common shares at an implied price of $60.42 per share, increasing his direct ownership to 2,517.6533 shares. The transaction was coded “J,” indicating an exempt acquisition, and no derivative securities or open-market trades were involved.
No changes to company operations, strategy, or financial condition were disclosed, making the filing largely administrative with minimal impact on public shareholders.
Citizens Financial Services (CZFS) filed a routine Form 4 reporting a small insider transaction. Executive Vice President LeeAnn Gephart received 6 additional common shares on 06/27/2025 through a 1 % stock dividend valued at $60.42 per share. Her direct ownership increased from an estimated 728 to 734 shares after the dividend distribution.
Citizens Financial Services, Inc. (CZFS) – Form 4 filing details a routine, non-open-market transaction by insider John D. Behm on 06/27/2025.
The filing reports a 1 % stock dividend (Transaction Code J) that credited Behm with 129.7495 additional common shares at a reference price of $60.42. Following the dividend distribution, Behm’s direct ownership increased to 13,104.6945 CZFS shares. No derivative securities were involved and no shares were sold.
The transaction was executed under a power of attorney granted on 05/25/2023 and is classified as an “Other” relationship to the issuer. There are no indications of insider selling or material changes in control; the action merely reflects the pro-rata share increase resulting from the declared stock dividend.
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.
Citizens Financial Services, Inc. (CZFS) – Form 4 filing
Executive Vice President Jeffrey L. Wilson reported the receipt of 79.4723 shares of CZFS common stock on 06/27/2025. The shares were issued as a 1 % stock dividend based on the declaration-date market price of $60.42 per share (Transaction Code J). Following the dividend, Wilson’s direct beneficial ownership increased to 8,026.7008 shares. No shares were sold and no derivative securities were involved.
Citizens Financial Services (CZFS) filed a Form 4 disclosing that director Thomas E. Freeman received 152.072 additional common shares on 27 June 2025.
The shares were credited through a 1% stock dividend (transaction code “J”), valued at $60.42 per share—the declaration-date market price—representing roughly $9,200 in aggregate value. After the transaction, Freeman’s direct beneficial ownership increased to 15,451.2675 shares. No shares were sold, and no derivative positions were reported.
The filing records a routine adjustment to insider holdings stemming from the dividend and does not signal any operational, strategic, or governance change at the company.
Citizens Financial Services (CZFS) filed a Form 4 disclosing that director Christopher W. Kunes automatically acquired 123.3049 common shares on 06/27/2025.
The shares were issued through the company’s 1 % stock dividend, using a declaration-date market price of $60.42. After the dividend, Kunes now beneficially owns 12,562.7899 shares.
This filing records a routine, dividend-related adjustment rather than an open-market purchase or sale, and does not materially change insider ownership levels.
Citizens Financial Services (CZFS) filed a routine Form 4 disclosing a 1 % stock dividend credited on 06/27/2025 to director Rinaldo A. DePaola. The transaction added 159 common shares to his direct holdings and 20 shares to an account held indirectly through his spouse, both valued at the declaration-date market price of $60.42 per share.
After the distribution, DePaola’s ownership stands at 16,404.199 shares held directly and 2,184.574 shares held indirectly. No sales, open-market purchases, or derivative securities were reported, and the filing contains no additional financial or strategic disclosures.