Citizens & Northern (CZNC) CEO grows holdings with dividend stock
Rhea-AI Filing Summary
CITIZENS & NORTHERN CORP (CZNC) reported insider activity by J. Bradley Scovill, President and CEO. On 2026-08-14, he acquired 400 shares of common stock at $25.95 per share through reinvestment of a cash dividend under a dividend reinvestment plan, bringing his direct holdings to 134,242 shares. On 2026-08-20, an employee stock ownership plan (ESOP) associated with him acquired 73 shares at $25.84 per share via exempt ESOP dividend reinvestment, resulting in 6,772 shares held indirectly by the ESOP.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 473 shares
Net Buy
2 txns
Insider
SCOVILL J BRADLEY
Role
PRESIDENT AND CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock F2 | 73 | $25.84 | $2K |
| Other | Common Stock F1 | 400 | $25.95 | $10K |
Holdings After Transaction:
Common Stock — 134,242 shares (Direct);
Common Stock — 6,772 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 (direct): 400 shares
Price per share (direct DRP): $25.95
Direct holdings after transaction: 134,242 shares
+3 more
6 metrics
Shares acquired (direct)
400 shares
Dividend reinvestment on 2026-08-14 at $25.95 per share
Price per share (direct DRP)
$25.95
Dividend reinvestment on 2026-08-14
Direct holdings after transaction
134,242 shares
Common Stock held directly by J. Bradley Scovill after 2026-08-14
Shares acquired (ESOP indirect)
73 shares
Exempt ESOP dividend reinvestment on 2026-08-20 at $25.84 per share
Price per share (ESOP DRP)
$25.84
Exempt ESOP acquisition on 2026-08-20
Indirect ESOP holdings after transaction
6,772 shares
Common Stock held indirectly by ESOP after 2026-08-20
Key Terms
dividend reinvestment plan, ESOP, exempt acquisition
3 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.
exempt acquisition financial
"Exempt acquisition in ESOP via dividend reinvestment under D/R plan."
FAQ
What insider transactions did CZNC President and CEO J. Bradley Scovill report?
He reported two dividend reinvestment-based acquisitions of Citizens & Northern Corp (CZNC) common stock: 400 shares directly on 2026-08-14 and 73 shares indirectly via an ESOP on 2026-08-20.
What are J. Bradley Scovill’s direct CZNC holdings after the latest Form 4?
After the 2026-08-14 dividend reinvestment transaction, J. Bradley Scovill directly holds 134,242 shares of Citizens & Northern Corp (CZNC) common stock.
Were the CZNC insider acquisitions part of a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as an affirmative plan, and the footnotes describe the transactions as dividend reinvestments under a dividend reinvestment plan and an ESOP, not under a 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
