What is the value per share used for Terry L. Lehman’s CZNC restricted stock award?

The restricted stock award to Terry L. Lehman was recorded at $23.15 per share. This price is used in the Form 4 as the transaction price for the 1,080 granted common shares, reflecting the value assigned for reporting this equity compensation.

Citizens & Northern (NASDAQ: CZNC) director receives 1,080-share restricted stock grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

CITIZENS & NORTHERN CORP director Terry L. Lehman received an award of 1,080 shares of common stock, reported as restricted stock, on 2026-04-23. The grant was recorded at $23.15 per share and is characterized as a grant, award, or other acquisition rather than an open-market purchase.

Following this equity award, Lehman directly holds 29,317 shares of CITIZENS & NORTHERN CORP common stock. This filing reflects routine director compensation in stock form, with no derivative securities reported in connection with this transaction.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Lehman Terry L

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,080	$23.15	$25K

Holdings After Transaction: Common Stock — 29,317 shares (Direct, null)

Footnotes (1)

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Key Figures

Restricted stock granted: 1,080 shares Grant price per share: $23.15/share Shares held after grant: 29,317 shares +2 more

5 metrics

Restricted stock granted 1,080 shares Award of restricted common stock on 2026-04-23

Grant price per share $23.15/share Value used for the 1,080-share award

Shares held after grant 29,317 shares Total direct CITIZENS & NORTHERN CORP holdings after transaction

Transaction code A Classified as grant, award, or other acquisition

Security type Common Stock Underlying security for restricted stock award

Key Terms

Restricted Stock, Grant, award, or other acquisition, Common Stock, Form 4

4 terms

Restricted Stock financial

"Award of Restricted Stock."

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

Grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

Common Stock financial

""security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

04/24/2026 - 03:20 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Lehman Terry L

(Last)

(First)

(Middle)

544 OLDE COURSE ROAD

(Street)

HERSHEY

PENNSYLVANIA

17033

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CITIZENS & NORTHERN CORP [ CZNC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/23/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/23/2026		A⁽¹⁾		1,080	A	$23.15	29,317	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Award of Restricted Stock.

	/s/ Melinda S. Kilburn for Terry L. Lehman, 3/25/25, Attorney-in-Fact	04/24/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did CITIZENS & NORTHERN CORP (CZNC) report for Terry L. Lehman?

CITIZENS & NORTHERN CORP reported that director Terry L. Lehman received an award of 1,080 shares of common stock. The Form 4 shows this as a restricted stock grant, not an open-market purchase, recorded at $23.15 per share as equity-based compensation.

How many CZNC shares did Terry L. Lehman hold after this restricted stock award?

After the 1,080-share restricted stock award, Terry L. Lehman directly held 29,317 shares of CITIZENS & NORTHERN CORP common stock. This total reflects his position immediately following the reported grant, as disclosed in the Form 4 insider filing.

Was the April 23, 2026 CZNC insider transaction a stock purchase or a grant?

The April 23, 2026 CITIZENS & NORTHERN CORP insider transaction was a grant of restricted stock, not a market purchase. The Form 4 identifies it with code "A" as a grant, award, or other acquisition of 1,080 common shares at $23.15 per share.

Does the Terry L. Lehman Form 4 for CZNC involve any derivative securities?

The Form 4 for Terry L. Lehman does not report any derivative securities. It only shows a non-derivative grant of 1,080 shares of common stock as an award of restricted stock, with no options, warrants, or other derivatives listed in the filing.