Form 4: Penns Woods Bancorp CEO Exercises Stock Options and Disposes of Shares
SEC Form 4
Robert Neher, President & CEO of Penns Woods Bancorp, executed stock options and disposed of shares on May 1, 2025.
Summary
- On May 1, 2025, Robert Neher, the President & CEO of Penns Woods Bancorp Inc., exercised employee stock options to acquire common stock.
- He then disposed of a portion of the acquired shares to cover tax obligations.
- The transactions involved multiple tranches of stock options with varying exercise prices.
- Following these transactions, Neher directly owns 7,636 shares of common stock and indirectly owns 152 shares through family members.
- He also holds options to purchase 13,300 additional shares.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 03/15/2029 | Expiration date for options to buy 6,000 shares at $28.01 |
| 03/11/2030 | Expiration date for options to buy 8,000 shares at $25.34 |
| 04/09/2031 | Expiration date for options to buy 10,000 shares at $24.23 |
| 01/18/2032 | Expiration date for options to buy 16,700 shares at $24.1 |
| 05/01/2025 | Date of transaction: exercising options and disposing of shares |
Keywords
Form 4, Stock Options, PWOD, Penns Woods Bancorp, Robert Neher, Insider Trading, CEO
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