Citizens & Northern (NASDAQ: CZNC) EVP granted 6,861 restricted shares in Form 4 filing
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CITIZENS & NORTHERN CORP executive receives equity award. EVP and Chief Wealth Officer William F. Van Sant III acquired 6,861 shares of Common Stock on an award basis, noted as an award of restricted stock. Following this grant, he directly holds 6,861 shares, reflecting a routine compensation-related equity grant rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Van Sant William F III
Role
EVP, CHIEF WEALTH OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,861 | $21.86 | $150K |
Holdings After Transaction:
Common Stock — 6,861 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock shares awarded: 6,861 shares
Reported value per share: $21.86 per share
Shares held after award: 6,861 shares
3 metrics
Restricted stock shares awarded
6,861 shares
Award of Common Stock restricted shares to EVP on 2026-06-19
Reported value per share
$21.86 per share
Valuation used for the restricted stock award
Shares held after award
6,861 shares
Total direct Common Stock holdings following the transaction
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.
FAQ
What insider transaction did CITIZENS & NORTHERN CORP (CZNC) report?
CITIZENS & NORTHERN CORP reported that EVP and Chief Wealth Officer William F. Van Sant III received an award of 6,861 shares of Common Stock as restricted stock, classified as a grant or other acquisition, not an open-market purchase or sale.
At what price was the restricted stock for CITIZENS & NORTHERN CORP valued?
The restricted stock award for CITIZENS & NORTHERN CORP was valued at $21.86 per share. This value reflects the price used for reporting the 6,861-share equity grant on the Form 4 insider transaction filing.
What are William F. Van Sant III’s CZNC holdings after this transaction?
After this transaction, William F. Van Sant III directly holds 6,861 shares of CITIZENS & NORTHERN CORP Common Stock. The Form 4 indicates these are his total direct holdings following the restricted stock award described in the filing.
Is the CZNC Form 4 transaction a market buy or a compensation grant?
The CZNC Form 4 transaction is a compensation grant, not a market buy. It is coded as a grant, award, or other acquisition and described in the footnote as an award of restricted stock to the executive officer.