Form 4: Penns Woods Bancorp CEO Exercises Stock Options and Disposes of Shares
SEC Form 4 Filing
Richard A. Grafmyre, CEO of Penns Woods Bancorp, exercised employee stock options and disposed of shares on February 7, 2025.
Summary
- On February 7, 2025, Richard A. Grafmyre, the CEO of Penns Woods Bancorp Inc, executed multiple transactions involving the company's common stock.
- Grafmyre exercised employee stock options to acquire a total of 99,300 shares at prices ranging from $24.10 to $28.01.
- Concurrently, he disposed of 79,586 shares at a price of $31.90 per share to cover tax obligations.
- Following these transactions, Grafmyre directly owns 41,431 shares of common stock and indirectly owns 800 shares through his wife.
- He also holds derivative securities in the form of employee stock options.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives and their holdings in the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the CEO's holdings, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 02/07/2025 | Date of the stock option exercises and share disposals. |
| 02/10/2025 | Date of signature on the Form 4 filing. |
| 03/15/2029 | Expiration date of some employee stock options. |
| 03/11/2030 | Expiration date of some employee stock options. |
| 04/09/2031 | Expiration date of some employee stock options. |
| 01/18/2032 | Expiration date of some employee stock options. |
Keywords
Form 4, PWOD, Penns Woods Bancorp, Stock Options, Richard A. Grafmyre, Insider Trading, Beneficial Ownership
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