secwatch.observer — SEC 8-K summary
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Issuer:     CITIZENS FINANCIAL SERVICES INC (CZFS)
CIK:        0000739421
Form:       8-K
Filed at:   2024-06-06T23:59:59+00:00
Accession:  0000739421-24-000036
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Citizens Fin Svcs reports 2023 bonus awards for NEOs; CEO pay ratio 30.1:1
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- CEO Randall Black earned $519,918 cash bonus; COO Mickey Jones earned $230,541.
- EVP David Richards received $80,236 bonus (70% cash, 30% restricted shares).
- CEO total compensation $1,260,061; median employee $41,841; pay ratio 30.1:1.
- Updated Summary Compensation Table: Black $1,259,325, Jones $752,718, Richards $463,747.
- Richards' restricted share award: 557 shares at $43.15/sh, vests over 3 years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/739421/000073942124000036/0000739421-24-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/739421/000073942124000036/incentivepayout2023.htm
  HTML page:      https://secwatch.observer/filing/0000739421-24-000036

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer