Citizens & Northern (NASDAQ: CZNC) EVP adds 451 shares via reinvested dividends
Rhea-AI Filing Summary
CITIZENS & NORTHERN CORP (CZNC) reported that executive vice president John M. Reber had two acquisitions of Common Stock under dividend-related plans. On August 14, 2026, he acquired 341 shares at $25.89 per share through reinvestment of a cash dividend under a dividend reinvestment plan, bringing his directly held stake to 36,401 shares. On August 20, 2026, an employee stock ownership plan (ESOP) associated with him acquired 110 shares at $25.84 per share via exempt ESOP dividend reinvestment under a D/R plan, resulting in 10,195 shares held indirectly "By ESOP." These are coded as Form 4 J transactions, described as other acquisitions or dispositions, and reflect dividend reinvestment rather than open-market buying.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 451 shares
Net Buy
2 txns
Insider
REBER JOHN M
Role
EXEC. VP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock F2 | 110 | $25.84 | $3K |
| Other | Common Stock F1 | 341 | $25.89 | $9K |
Holdings After Transaction:
Common Stock — 36,401 shares (Direct);
Common Stock — 10,195 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
Shares acquired (direct): 341 shares
Price per share (direct acquisition): $25.89
Direct holdings after transaction: 36,401 shares
+4 more
7 metrics
Shares acquired (direct)
341 shares
Common Stock acquired on August 14, 2026 via dividend reinvestment plan
Price per share (direct acquisition)
$25.89
Dividend reinvestment acquisition on August 14, 2026
Direct holdings after transaction
36,401 shares
Common Stock directly owned by John M. Reber after August 14, 2026 transaction
Shares acquired (indirect ESOP)
110 shares
Common Stock acquired on August 20, 2026 via ESOP dividend reinvestment
Price per share (ESOP acquisition)
$25.84
ESOP D/R plan acquisition on August 20, 2026
Indirect ESOP holdings after transaction
10,195 shares
Common Stock indirectly owned "By ESOP" after August 20, 2026 transaction
Total restructuring shares (code J)
451 shares
Aggregate shares in J-code restructuring transactions reported in this Form 4
Key Terms
dividend reinvestment plan, ESOP, indirect ownership, transaction code J
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.
indirect ownership financial
"total_shares_following_transaction 10195.0000, direct_or_indirect I, ownership_type indirect"
transaction code J financial
"transaction_code J, transaction_code_description Other acquisition or disposition"
FAQ
What insider transactions did CZNC executive John M. Reber report on this Form 4?
John M. Reber reported two acquisitions of CITIZENS & NORTHERN CORP common stock, both coded J as other acquisitions. They were made through dividend reinvestment in a dividend reinvestment plan and an ESOP, not through open-market purchases.
What indirect CZNC holdings does John M. Reber report through the ESOP?
An ESOP associated with John M. Reber acquired 110 shares of CZNC on August 20, 2026 at $25.84 per share through dividend reinvestment. After this exempt ESOP transaction, the ESOP holds 10,195 CZNC shares for his benefit, reported as indirect ownership.
Were the CZNC Form 4 transactions for John M. Reber made under a Rule 10b5-1 plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as an affirmative plan (aff_10b5_one is false). The transactions are described instead as dividend reinvestments in a dividend reinvestment plan and an ESOP D/R plan.
What do the transaction code J entries mean in the CZNC Form 4 for John M. Reber?
Both entries use transaction code J, described as “Other acquisition or disposition”. Footnotes explain these as shares acquired through reinvestment of cash dividends under dividend reinvestment and ESOP D/R plans, not typical market purchases or sales.
AI-generated analysis. How Rhea-AI works. Not financial advice.
