CITIZENS & NORTHERN EVP logs small DRIP share moves
CITIZENS & NORTHERN CORP executive James Glenn Richard reported two small, routine Form 4 transactions involving common stock linked to dividend reinvestment.
Rhea-AI Filing Summary
CITIZENS & NORTHERN CORP executive James Glenn Richard reported two small, routine Form 4 transactions involving common stock linked to dividend reinvestment. On May 15, 10 shares were recorded as an "other" transaction at $20.8150 per share, leaving 3,059 shares held directly. On May 20, 5 additional shares were recorded at $20.7964 per share through an ESOP, bringing that indirect ESOP holding to 332 shares. Footnotes state both entries reflect exempt acquisitions via reinvestment of cash dividends under a dividend reinvestment plan, indicating mechanistic, plan-driven adjustments rather than discretionary open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
Other: 15 shares
Other
2 txns
Insider
James Glenn Richard
Role
EVP COUNSEL, CORP SECRETARY
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 5 | $20.7964 | $103.98 |
| Other | Common Stock | 10 | $20.815 | $208.15 |
Holdings After Transaction:
Common Stock — 3,059 shares (Direct);
Common Stock — 332 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
Other transaction shares (direct): 10 shares
Other transaction shares (ESOP): 5 shares
Direct holdings after May 15: 3,059 shares
+2 more
5 metrics
Other transaction shares (direct)
10 shares
Common Stock, code J on May 15 at $20.8150
Other transaction shares (ESOP)
5 shares
Common Stock, code J on May 20 at $20.7964
Direct holdings after May 15
3,059 shares
Common Stock directly owned following May 15 transaction
Indirect ESOP holdings after May 20
332 shares
Common Stock held indirectly by ESOP after May 20 transaction
Dividend reinvestment total shares
15 shares
Total restructuringShares across both code J transactions
Key Terms
dividend reinvestment plan, ESOP, exempt acquisition, 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.
exempt acquisition financial
"Exempt acquisition in ESOP via dividend reinvestment under D/R plan."
other acquisition or disposition financial
"transaction_code_description": "Other acquisition or disposition""
FAQ
What did CITIZENS & NORTHERN (CZNC) executive James Glenn Richard report on this Form 4?
He reported two small "other" transactions in common stock. These reflect dividend reinvestment activity, not open-market trades, and modestly adjust his direct and ESOP-related holdings at specific per-share prices disclosed in the filing.
What prices were used for the CITIZENS & NORTHERN (CZNC) dividend reinvestment transactions?
One transaction used a price of $20.8150 per share and the other used $20.7964 per share. These per-share figures apply to the small share amounts reinvested through the dividend reinvestment mechanisms described.
What are James Glenn Richard’s CITIZENS & NORTHERN (CZNC) holdings after these Form 4 transactions?
After the May 15 transaction, he holds 3,059 common shares directly. After the May 20 ESOP transaction, he holds 332 common shares indirectly through the ESOP, according to the totals shown following each respective transaction.
How does the ESOP affect CITIZENS & NORTHERN (CZNC) insider reporting for James Glenn Richard?
The ESOP-related shares are reported as indirect ownership, labeled "By ESOP." Dividend reinvestment within the ESOP is treated as an exempt acquisition, but still must be disclosed on Form 4 with updated share counts.
Are these CITIZENS & NORTHERN (CZNC) Form 4 transactions open-market buys or sells?
No. Both are classified with code J, described as other acquisition or disposition. Footnotes clarify they stem from dividend reinvestment, meaning routine plan activity rather than discretionary open-market buying or selling.
AI-generated analysis. How Rhea-AI works. Not financial advice.
