CZNC CIO adds 23 ESOP shares via dividends
CITIZENS & NORTHERN CORP (CZNC) executive Alexander Balagour, EVP–Chief Information Officer, reported an indirect acquisition of common stock through the company ESOP.
Rhea-AI Filing Summary
CITIZENS & NORTHERN CORP (CZNC) executive Alexander Balagour, EVP–Chief Information Officer, reported an indirect acquisition of common stock through the company ESOP. On 2026-08-20, an exempt ESOP acquisition via dividend reinvestment under a dividend reinvestment plan added 23 shares at $25.84 per share, bringing his indirect ESOP-held position to 2,181 shares. A separate line reports 15,482 shares held directly after the transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Other: 23 shares
Other
2 txns
Insider
Balagour Alexander
Role
EVP- CHIEF INFORMATION OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock F1 | 23 | $25.84 | $594.32 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 2,181 shares (Indirect, By ESOP);
Common Stock — 15,482 shares (Direct)
Footnotes (1)
- F1. Exempt acquisition in ESOP via dividend reinvestment under D/R plan
Key Figures
Shares acquired indirectly: 23 shares
Acquisition price per share: $25.84 per share
Indirect ESOP holdings after transaction: 2,181 shares
+1 more
4 metrics
Shares acquired indirectly
23 shares
Exempt ESOP acquisition via dividend reinvestment on 2026-08-20
Acquisition price per share
$25.84 per share
Price for 23 indirectly acquired CZNC common shares
Indirect ESOP holdings after transaction
2,181 shares
CZNC common stock held indirectly "By ESOP" after 2026-08-20
Direct holdings after transaction
15,482 shares
CZNC common stock held directly by Alexander Balagour after 2026-08-20
Key Terms
ESOP, dividend reinvestment, indirect ownership
3 terms
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.
dividend reinvestment financial
"Exempt acquisition in ESOP via dividend reinvestment under D/R plan"
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
indirect ownership financial
"total_shares_following_transaction ... direct_or_indirect": "I""
FAQ
What insider transaction did CZNC executive Alexander Balagour report?
Alexander Balagour reported an indirect acquisition of 23 shares of CITIZENS & NORTHERN CORP common stock on 2026-08-20 through the company ESOP, described as an exempt acquisition via dividend reinvestment under a dividend reinvestment plan.
Was Alexander Balagour’s CZNC transaction made under a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 checkbox is not affirmed for these transactions, and the footnote only describes the event as an exempt ESOP acquisition via dividend reinvestment, without referencing a trading plan.
What type of transaction code is reported for Alexander Balagour’s CZNC acquisition?
The transaction uses code J, described as an “Other acquisition or disposition”, with the footnote specifying it as an exempt acquisition in the ESOP via dividend reinvestment under a dividend reinvestment plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
