CZNC counsel adds 11 shares via dividend plans
CITIZENS & NORTHERN CORP (CZNC) insider James Glenn Richard, EVP Counsel and Corporate Secretary, reported two acquisitions of common stock classified as "other" transactions.
Rhea-AI Filing Summary
CITIZENS & NORTHERN CORP (CZNC) insider James Glenn Richard, EVP Counsel and Corporate Secretary, reported two acquisitions of common stock classified as "other" transactions. On August 14, 2026, 8 shares were acquired through reinvestment of a cash dividend under a dividend reinvestment plan. On August 20, 2026, 3 shares were acquired in an exempt ESOP transaction via dividend reinvestment under a dividend reinvestment plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Other: 11 shares
Other
2 txns
Insider
James Glenn Richard
Role
EVP COUNSEL, CORP SECRETARY
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock F2 | 3 | $25.84 | $77.52 |
| Other | Common Stock F1 | 8 | $25.89 | $207.12 |
Holdings After Transaction:
Common Stock — 3,067 shares (Direct);
Common Stock — 335 shares (Indirect, By ESOP)
Footnotes (2)
- F1. Shares acquired through reinvestment of cash dividend under a dividend reinvestment plan.
- F2. Exempt acquisition in ESOP via dividend reinvestment under D/R plan.
Key Figures
Shares acquired (August 14, 2026): 8 shares of Common Stock
Price per share (August 14, 2026): $25.8900 per share
Direct holdings after August 14, 2026: 3,067 shares
+4 more
7 metrics
Shares acquired (August 14, 2026)
8 shares of Common Stock
Acquired via reinvestment of cash dividend under a dividend reinvestment plan
Price per share (August 14, 2026)
$25.8900 per share
Dividend reinvestment acquisition of 8 shares
Direct holdings after August 14, 2026
3,067 shares
Total CZNC common stock directly owned following dividend reinvestment transaction
Shares acquired (August 20, 2026)
3 shares of Common Stock
Exempt ESOP acquisition via dividend reinvestment under D/R plan
Price per share (August 20, 2026)
$25.8400 per share
ESOP dividend reinvestment acquisition of 3 shares
Indirect ESOP holdings after August 20, 2026
335 shares
CZNC common stock held indirectly by ESOP after the transaction
Restructuring shares reported
11 shares
Total shares involved in code J restructuring-type transactions in this Form 4
Key Terms
dividend reinvestment plan, ESOP, indirect, Other acquisition or disposition
4 terms
dividend reinvestment plan financial
"Shares acquired through reinvestment of cash dividend under a dividend reinvestment plan."
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
ESOP financial
"Exempt acquisition in ESOP via dividend reinvestment under D/R plan."
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.
indirect financial
"direct_or_indirect": "I","nature_of_ownership": "By ESOP""
Other acquisition or disposition regulatory
"transaction_code_description": "Other acquisition or disposition""
FAQ
What transactions did CZNC insider James Glenn Richard report on this Form 4?
He reported two acquisitions of common stock coded as "J" (other acquisition or disposition): 8 shares on August 14, 2026 and 3 shares on August 20, 2026, both arising from dividend reinvestment arrangements.
What was the August 20, 2026 CZNC transaction reported by James Glenn Richard?
On August 20, 2026, he acquired 3 shares of CZNC common stock at $25.84 per share as an exempt acquisition in an ESOP via dividend reinvestment under a dividend reinvestment plan, reported as indirect ownership by ESOP.
What are James Glenn Richard’s CZNC holdings after the August 14, 2026 transaction?
Following the August 14, 2026 dividend reinvestment, his direct holdings in CZNC common stock were reported as 3,067 shares, reflecting the position after the 8-share acquisition under the dividend reinvestment plan.
Were the CZNC transactions made under a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 checkbox as false, and the footnotes describe dividend reinvestment transactions, not sales under a pre-arranged Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
