Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Issuer Purchases of Equity Securities
On September 25, 2023, the Corporation announced a treasury stock repurchase program. Under the approved program, the Corporation is authorized to repurchase up to 750,000 shares of the Corporation’s common stock, or slightly less than 5% of the Corporation’s issued and outstanding shares at August 4, 2023. The program was effective when publicly announced and will continue thereafter until suspended or terminated by the Board of Directors, in its sole discretion. All shares of common stock repurchased pursuant to the program shall be held as treasury shares and be available for use and reissuance for purposes as and when determined by the Board of Directors including, without limitation, pursuant to the Corporation’s Dividend Reinvestment and Stock Purchase and Sale Plan and its equity compensation program. There were no shares repurchased under the repurchase program during the second quarter 2026. At June 30, 2026, there were 723,465 shares available to be repurchased under the program.
The following table sets forth a summary of purchases by the Corporation, in the open market, of its equity securities during the second quarter 2026:
Total Number of
Maximum
Shares
Number of
Purchased
Shares that May
as Part of
Yet
Publicly
be Purchased
Total Number
Average
Announced
Under
of Shares
Price Paid
Plans
the Plans or
Period
Purchased
per Share
or Programs
Programs
April 1 - 30, 2026
0
$
0
0
723,465
May 1 - 31, 2026
0
$
0
0
723,465
June 1 - 30, 2026
0
$
0
0
723,465
Total
0
$
0
0
60
Table of Contents
CITIZENS & NORTHERN CORPORATION – FORM 10-Q
Item 3. Defaults Upon Senior Securities
None
Item 4. Mine Safety Disclosures
Not applicable
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.