Barrett J Tutt, a member of the board at Auburn National Bancorporation (NASDAQ:AUBN), purchased a total of 83 shares of the company’s common stock in two trades on April 14, 2026. The purchases were split between 57 shares acquired at $23.722 each and 26 shares bought at $23.458 each, with the combined outlay for both trades equal to $1,962.
Following these acquisitions, Tutt now holds 9,199 shares directly. In addition to his direct holdings, Tutt has an indirect stake of 8,744 shares held through a spouse. At the time of the report, Auburn National’s stock was trading at $23.52 and the company carried a market capitalization of $82.17 million.
Separately, Auburn National Bancorporation announced corporate actions affecting shareholders and governance. The board declared a quarterly cash dividend of $0.27 per share for the first quarter of 2026. That dividend is scheduled to be paid on March 25, 2026, to investors who are recorded as shareholders on the company’s books as of the close of business on March 10, 2026.
The company also approved a new share repurchase program authorizing buybacks of up to $5 million of common stock. That program has an effective period through March 15, 2027, or until the full $5 million authorization has been expended on repurchases. Auburn National’s prior repurchase authorization lapsed on April 15, 2024.
In a governance update, the board expanded to 12 members with the election of Jeff Evans as a director of both Auburn National Bancorporation and its subsidiary, AuburnBank. Evans was described as bringing his experience as President and CEO of Evans Realty and J & L Contractors to the board roster.
Taken together, the insider purchase, the dividend declaration, the new $5 million buyback authorization, and the board enlargement represent a set of recent corporate actions at Auburn National Bancorporation. The insider purchase was modest in dollar terms relative to the firm’s reported market capitalization. The repurchase authorization provides a framework for potential future buybacks but does not guarantee the pace or scale at which shares will be repurchased.