CITIZENS & NORTHERN CORP 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds Issuer Purchases of Equity Securities On September 25, 2023, the Corporation announced a new treasury stock repurchase program. Under the newly 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 new 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 new 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 Plans and its equity compensation program. As of June 30, 2024, 22,496 shares had been repurchased under the repurchase program The following table sets forth a summary of the purchases by the Corporation of its common stock during the second quarter 2024: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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, 2024 700 ​ $ 17.01 700 749,300 May 1 - 31, 2024 600 ​ $ 17.06 600 748,700 June 1 - 30, 2024 21,196 ​ $ 17.01 21,196 727,504 Total ​ 22,496 ​ $ 17.01 ​ 22,496 ​ ​ ​ ​ ​ Item 3. Defaults Upon Senior Securities None Item 4. Mine Safety Disclosures Not applicable ​