Form 4: Penns Woods Bancorp Inc. Executive Michelle Karas Exercises Stock Options and Disposes of Shares

Michelle Karas, Chief Data Officer of Penns Woods Bancorp Inc., executed stock options and disposed of shares on May 13, 2025.

Summary

• On May 13, 2025, Michelle Karas, Chief Data Officer of Penns Woods Bancorp Inc., exercised employee stock options to acquire 10,000 shares of common stock.
• These options were exercised at prices of $24.23 and $24.1 per share.
• Following the exercise of options, Karas disposed of 7,993 shares to cover tax obligations at a price of $30.19.
• After these transactions, Karas directly owns 6,649 shares of Penns Woods Bancorp Inc. common stock and holds options for 2,500 shares at exercise prices of $24.23 and $24.1.
• The options expire on April 9, 2031, and January 18, 2032.

Sentiment

Score: 5

Explanation: The document is a neutral report of insider trading activity, with no inherent positive or negative implications.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency into the trading activities of company executives. It is standard practice for executives to exercise stock options and sell a portion of the acquired shares to cover tax obligations.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the increase in outstanding shares from option exercises, but the subsequent sale of shares to cover taxes could offset this effect.

Key Dates

Keywords

Form 4, Stock Options, PWOD, Penns Woods Bancorp Inc., Insider Trading, Michelle Karas, Executive Compensation, Beneficial Ownership