Form 4: Penns Woods Bancorp CEO Exercises Stock Options and Disposes of Shares
SEC Form 4
Karen S. Young, President & CEO of Jersey Shore State Bank (JSSB) and officer of Penns Woods Bancorp, exercised stock options and disposed of shares on February 7, 2025.
Summary
- On February 7, 2025, Karen S. Young, President & CEO of JSSB, executed transactions involving Penns Woods Bancorp Inc. (PWOD) common stock.
- Young exercised employee stock options to acquire a total of 59,150 shares at prices ranging from $24.10 to $28.01.
- Concurrently, Young disposed of a total of 46,579 shares to cover tax obligations at a price of $31.9 per share.
- Following these transactions, Young directly owns 15,871 shares of Penns Woods Bancorp common stock and holds options for 42,350 shares.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives. It's common for executives to exercise stock options and sell a portion of the acquired shares to cover taxes.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the increased number of shares in the market, but the effect is likely minimal given the relatively small volume.
Key Dates
| Date | Description |
|---|---|
| 02/07/2025 | Date of stock option exercise and share disposal. |
| 02/10/2025 | Date of signature on the Form 4 filing. |
| 03/15/2029 | Expiration date for some employee stock options. |
| 03/11/2030 | Expiration date for some employee stock options. |
| 04/09/2031 | Expiration date for some employee stock options. |
| 01/18/2032 | Expiration date for some employee stock options. |
Keywords
Form 4, Stock Options, PWOD, Penns Woods Bancorp, Insider Trading, Karen S. Young, JSSB, Executive Compensation
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