Citizens & Northern (CZNC) EVP now holds 14,822 ESOP shares
Rhea-AI Filing Summary
CITIZENS & NORTHERN CORP (CZNC) executive vice president Thomas L. Rudy Jr. reported an indirect acquisition of 160 shares of common stock on 2026-08-20 through an ESOP, described as an exempt dividend reinvestment under a D/R plan. Following this, he indirectly holds 14,822 ESOP shares, directly holds 39,656 shares, and indirectly holds 22 shares by a child.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 160 shares
Net Buy
3 txns
Insider
RUDY THOMAS L JR
Role
EXEC. VP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock F1 | 160 | $25.84 | $4K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 14,822 shares (Indirect, By ESOP);
Common Stock — 39,656 shares (Direct);
Common Stock — 22 shares (Indirect, By Child)
Footnotes (1)
- F1. Exempt acquisition in ESOP via dividend reinvestment under D/R plan.
Key Figures
ESOP acquisition: 160 shares
Attributed price per share: $25.84 per share
Indirect ESOP holdings after transaction: 14,822 shares
+2 more
5 metrics
ESOP acquisition
160 shares
Indirect acquisition of common stock on 2026-08-20 via ESOP dividend reinvestment
Attributed price per share
$25.84 per share
Price for the 160-share ESOP acquisition on 2026-08-20
Indirect ESOP holdings after transaction
14,822 shares
Common stock indirectly owned through ESOP after 2026-08-20
Direct holdings after transaction
39,656 shares
Common stock directly owned after 2026-08-20
Indirect holdings by child after transaction
22 shares
Common stock indirectly owned "By Child" after 2026-08-20
Key Terms
ESOP, dividend reinvestment, D/R plan
3 terms
ESOP financial
"Indirect acquisition in ESOP via dividend reinvestment"
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
dividend reinvestment financial
"Exempt acquisition in ESOP via dividend reinvestment under D/R plan"
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
D/R plan financial
"Exempt acquisition in ESOP via dividend reinvestment under D/R plan"
FAQ
What insider transaction did CZNC executive Thomas L. Rudy Jr. report?
He reported an indirect acquisition of 160 shares of CITIZENS & NORTHERN CORP common stock on 2026-08-20 through an ESOP, classified as an exempt acquisition via dividend reinvestment under a D/R plan.
Does the Form 4 show additional indirect CZNC holdings for Thomas L. Rudy Jr.?
Yes. Besides ESOP shares, the Form 4 reports 22 indirectly owned shares of CITIZENS & NORTHERN CORP common stock held “By Child.”
Was the CZNC insider transaction under a Rule 10b5-1 trading plan?
No. The Form 4’s Rule 10b5-1 checkbox is not marked as an affirmative plan; the transaction is described instead as an exempt ESOP dividend reinvestment under a D/R plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
