Dividend reinvestment boosts Citizens & Northern (CZNC) director shareholdings

Rhea-AI Filing Summary

CITIZENS & NORTHERN CORP director Katherine W. Shattuck reported a small routine change in her holdings. She received 125 shares of common stock on a dividend payment date through the company’s dividend reinvestment plan at $20.815 per share. After this transaction, she directly holds 10,574 common shares, indicating a modest, automatic increase in her stake rather than an open-market trade.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Shattuck Katherine W

Role null

Type	Security	Shares	Price	Value
Other	Common Stock	125	$20.815	$3K

Holdings After Transaction: Common Stock — 10,574 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares acquired via DRIP: 125 shares Recorded transaction price: $20.815 per share Shares held after transaction: 10,574 shares +1 more

4 metrics

Shares acquired via DRIP 125 shares Common Stock, dividend reinvestment on May 15, 2026

Recorded transaction price $20.815 per share Value used for dividend reinvestment acquisition

Shares held after transaction 10,574 shares Director’s direct Citizens & Northern common stock holdings

Restructuring-type shares 125 shares Classified as restructuring/other in transaction summary

Key Terms

dividend reinvestment plan, Other acquisition or disposition, Common Stock

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.

Other acquisition or disposition financial

"transaction_code_description: Other acquisition or disposition"

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 Insider Transactions: What Each Field Means →

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^*

Shattuck Katherine W

(Last) (First) (Middle)

1171 BARNER ROAD

(Street)

TOWANDA PENNSYLVANIA 18848

(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)
05/15/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/15/2026		J(1)	V	125	A	$20.815	10,574	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares acquired through reinvestment of cash dividend under a dividend reinvestment plan.

	/s/ Melinda Kilburn for Katherine W Shattuck, 03.20.25, Attorney-in-Fact	05/21/2026
	** 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)

FAQ

What did Citizens & Northern (CZNC) director Katherine Shattuck report on this Form 4?

Katherine W. Shattuck reported receiving 125 Citizens & Northern common shares. The shares came from automatic dividend reinvestment, not an open-market trade, and increased her direct holdings to 10,574 shares after the transaction.

How many CZNC shares did Katherine Shattuck acquire through dividend reinvestment?

She acquired 125 CZNC common shares through a dividend reinvestment plan. The shares were purchased using her cash dividend, automatically converting it into additional stock rather than paying the dividend entirely in cash.

At what price were Katherine Shattuck’s CZNC dividend reinvestment shares recorded?

The 125 Citizens & Northern common shares were recorded at $20.815 per share. This price reflects the value used for the dividend reinvestment transaction reported in the Form 4 filing for the director.

What is Katherine Shattuck’s total Citizens & Northern shareholding after this Form 4 transaction?

After the dividend reinvestment, Katherine Shattuck directly holds 10,574 Citizens & Northern common shares. This total incorporates the additional 125 shares acquired through the company’s dividend reinvestment plan on the transaction date.

Was Katherine Shattuck’s CZNC Form 4 a buy or sell in the open market?

It was neither an open-market buy nor sell. The Form 4 shows 125 shares acquired automatically under a dividend reinvestment plan, categorized as an “Other acquisition or disposition” rather than a discretionary market trade.