8 unchanged sentences
On September 25, 2023, the Corporation announced a new treasury stock repurchase program.
−Removed: 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.
−Removed: 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.
+Added: Under the 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.
+Added: 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 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.
−Removed: Through December 31, 2023, no shares were repurchased under the new program.
+Added: During the year ended December 31, 2024, 26,034 shares were repurchased for a total cost of $443,000, at an average price of $17.02 per share.
+Added: At December 31, 2024, there were 723,966 shares available to be repurchased under the program.
As permitted by securities laws and other legal requirements and subject to market conditions and other factors, purchases may be made from time to time in the open market at prevailing prices, or through privately negotiated transactions.
15 unchanged sentences
The following table sets forth information concerning the Citizens & Northern 2023 Equity Stock Incentive Plan which was approved by the Corporation’s shareholders in April 2023.
−Removed: The 646 shares issuable pursuant to stock options at December 31, 2023 were issued under a previous plan and expired in January 2024.
The figures shown in the table below are as of December 31, 2024.
6 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.