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.

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)

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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

At what price were the newly acquired CZNC shares attributed to Alexander Balagour?

The 23 indirectly acquired CZNC common shares were attributed at a price of $25.84 per share, as part of an exempt ESOP acquisition via dividend reinvestment on 2026-08-20.

How many CZNC shares does Alexander Balagour hold indirectly through the ESOP after this transaction?

After the 23-share acquisition, Alexander Balagour’s indirect ESOP holding is 2,181 CZNC common shares, held with ownership reported as “By ESOP.”

How many CZNC shares does Alexander Balagour hold directly after the reported Form 4 transactions?

The Form 4 reports that Alexander Balagour holds 15,482 CZNC common shares directly following the transactions dated 2026-08-20.

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.

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Available on EDGAR 08/24/2026 - 03:45 PM EDT Accepted by SEC EDGAR 08/24/2026 - 03:44 PM EDT Learn about SEC filing dates

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^*

Balagour Alexander

(Last) (First) (Middle)

45 TEAL DRIVE

(Street)

LANGHORNE PENNSYLVANIA 19047

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP- CHIEF INFORMATION OFFICER

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/20/2026

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	08/20/2026		J(1)	V	23	A	$25.84	2,181	I	By ESOP
Common Stock								15,482	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. Exempt acquisition in ESOP via dividend reinvestment under D/R plan

	/s/ Melinda S Kilburn for Alex Balagour, 3/18/25, Attorney-in-Fact	08/24/2026
	** 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)