Form 4: Penns Woods Bancorp Chief Data Officer Exercises Stock Options and Disposes of Shares
SEC Form 4 Filing
Michelle M. Karas, Chief Data Officer of Penns Woods Bancorp, exercised stock options and disposed of shares on May 1, 2025.
Summary
- On May 1, 2025, Michelle M. Karas, Chief Data Officer of Penns Woods Bancorp Inc, exercised employee stock options to acquire 10,000 shares of common stock at a price of $25.34 per share.
- Simultaneously, Karas disposed of 8,669 shares of common stock at a price of $29.23 per share to cover tax obligations.
- Following these transactions, Karas directly owns 4,652 shares of Penns Woods Bancorp Inc.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions. There is no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the effect is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 03/11/2030 | Expiration date of employee stock options |
| 05/01/2025 | Date of transaction: exercise of stock options and disposal of shares |
Keywords
Form 4, Insider Trading, Stock Options, PWOD, Penns Woods Bancorp, Michelle M. Karas, Chief Data Officer
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