Citizens & Northern EVP updates ESOP share records
Citizens & Northern Corp executive vice president Blair T. Rush reported an exempt ESOP dividend reinvestment and corrected prior ESOP holdings.
Rhea-AI Filing Summary
Citizens & Northern Corp executive vice president Blair T. Rush reported an exempt ESOP dividend reinvestment and corrected prior ESOP holdings. An employee stock ownership plan reinvested dividends into 34 shares of common stock at $23.7621 per share, held indirectly. The amendment also corrects the ESOP’s indirectly owned shares from 20,896 to 2,896 due to a clerical error. Rush’s directly held common stock position is 30,963 shares following the reported update.
Positive
- None.
Negative
- None.
Insights
Routine ESOP dividend reinvestment and a clerical correction with no market signal.
The filing shows an exempt acquisition of 34 common shares through an employee stock ownership plan via dividend reinvestment. This is a non-market transaction, reflecting internal plan mechanics rather than an open-market decision by Blair T. Rush.
The amendment mainly corrects the ESOP’s indirect holdings from 20,896 to 2,896 shares after identifying a clerical error. Rush also reports 30,963 shares held directly. Overall, this appears administrative and does not materially change ownership incentives or signal a shift in insider sentiment.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 34 | $23.7621 | $807.91 |
| holding | Common Stock | -- | -- | -- |
Footnotes (2)
- F1. Exempt acquisition in ESOP via dividend reinvestment under D/R plan.
- F2. This amended filing corrects the securites beneficially owned indirectly by ESOP from 20,896 to 2,896 which contained the wrong amount due to a clerical error.
FAQ
What did Citizens & Northern (CZNC) executive Blair T. Rush report in this Form 4/A?
Was the Citizens & Northern (CZNC) Blair T. Rush transaction an open-market buy or sell?
What clerical error was corrected in the Citizens & Northern (CZNC) Form 4/A filing?
Does the Citizens & Northern (CZNC) Form 4/A indicate a change in insider sentiment by Blair T. Rush?
AI-generated analysis. How Rhea-AI works. Not financial advice.