Citizens & Northern (NASDAQ: CZNC) CEO reports tax withholding share move
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Citizens & Northern Corp’s president and CEO J. Bradley Scovill reported several administrative share transactions in company common stock. The largest was a tax-withholding disposition of 499 shares at $23.67 per share on February 20, 2026, leaving him with 133,352 directly held shares.
Additional transactions labeled as "other" include 433 shares at $23.43 tied to a dividend reinvestment plan and 77 shares at $23.7621 held indirectly through an ESOP, with 6,610 shares held indirectly afterward. The amendment states it is filed solely to confirm the transaction is being reported voluntarily, with no other changes to the original Form 4.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
SCOVILL J BRADLEY
Role
PRESIDENT AND CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 499 | $23.67 | $12K |
| Other | Common Stock | 77 | $23.7621 | $2K |
| Other | Common Stock | 433 | $23.43 | $10K |
Holdings After Transaction:
Common Stock — 133,352 shares (Direct);
Common Stock — 6,610 shares (Indirect, by ESOP)
Footnotes (1)
- Shares acquired through reinvestment of cash dividend under a dividend reinvestment plan. This Form 4/A is being filed solely to confirm that this transaction is being reported voluntarily. There have been no other changes to the original Form 4 filing. Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3.
FAQ
What insider transactions did CZNC’s CEO report in this Form 4/A?
CZNC’s CEO J. Bradley Scovill reported mainly administrative share entries, including a 499-share tax-withholding disposition at $23.67 and two "other" transactions linked to dividend reinvestment and ESOP holdings, without any open-market buys or sells disclosed in this amendment.
Why was this Citizens & Northern Form 4/A amendment filed?
The amendment states it is filed solely to confirm that the reported transaction is being disclosed voluntarily. It explicitly notes there have been no other changes to the original Form 4 filing, emphasizing its narrow, confirmatory purpose rather than introducing new economic activity.
What is the dividend reinvestment transaction reported by CZNC’s CEO?
One "other" transaction involves 433 shares at $23.43 acquired through reinvestment of a cash dividend under a dividend reinvestment plan. This records automatic share accumulation from dividends rather than a discretionary market purchase by the CEO.