4/A: Penns Woods Bancorp Inc. Executive Corrects Stock Transaction Report
SEC Form 4/A (Amendment)
Michelle M. Karas, Chief Data Officer of Penns Woods Bancorp Inc., files an amended Form 4 to correct a previously reported stock transaction.
Summary
- Michelle M. Karas, Chief Data Officer of Penns Woods Bancorp Inc. (PWOD), filed an amended Form 4 with the SEC on May 8, 2024.
- This amendment corrects a previous filing from May 1, 2024, regarding a stock transaction that never occurred.
- The corrected form indicates that no shares were purchased on April 30, 2024, at a price of $17.3 per share, as initially reported.
- The filing updates the amount of securities beneficially owned by Karas following the corrected information.
Sentiment
Score: 7
Explanation: The document is a routine correction of a previous error in a regulatory filing. It doesn't indicate any significant positive or negative developments for the company, but accuracy in reporting is important.
Industry Context
This filing is a routine regulatory disclosure related to insider trading and beneficial ownership. It is important for transparency and compliance with SEC regulations.
Stakeholder Impact
- The correction ensures accurate information is available to shareholders regarding insider transactions and beneficial ownership.
Key Dates
| Date | Description |
|---|---|
| 04/30/2024 | Date of the originally reported (but incorrect) transaction. |
| 05/01/2024 | Date of the original Form 4 filing that contained the error. |
| 05/08/2024 | Date of the amended Form 4 filing to correct the error. |
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