Key facts
- This page summarizes Michelle M. Karas's Form 4 filing for PENNS WOODS BANCORP INC (PWOD).
- 7 reported transactions and 6 derivative rows are listed below.
- Accepted by SEC: 28 Jul 2025, 12:05.
Michelle M. Karas - 25 Jul 2025 Form 4 Insider Report for PENNS WOODS BANCORP INC (PWOD)
- Reporting relationship
- Chief Data Officer
- Issuer ticker
- PWOD
- Reported as of
- 25 Jul 2025
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 28 Jul 2025, 12:05:26 UTC
- Prior SEC filing
- 13 May 2025
- Source filing
- View source filing
- Reporting owner signature
- /s/ Michelle M. Karas, Attorney in Fact
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Michelle M. Karas filed Form 4 for PENNS WOODS BANCORP INC (PWOD) on 28 Jul 2025.
Change
- Previous filing in this sequence was filed on 13 May 2025.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reporting Owners (1)
CIK 0001669144
Primary reporting owner
Karas Michelle M
- Relationship
- Chief Data Officer
- Address
- 6920 SCENIC DRIVE, BLOOMSBURG
- Signature
- /s/ Michelle M. Karas, Attorney in Fact
- Signature date
- 28 Jul 2025
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
PWOD
transaction
Common Stock
Disposed to Issuer
- Transaction value
- Shares
- -6,715
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 25 Jul 2025
- Ownership
- Direct
- Footnotes
- F1, F2
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
PWOD
transaction
Derivative
Employee Stock Options (Right to Buy)
Disposed to Issuer
- Transaction value
- Shares
- -1,700
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 25 Jul 2025
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 1,700
- Exercise price
- $20.85
- Footnotes
- F3
PWOD
transaction
Derivative
Employee Stock Options (Right to Buy)
Disposed to Issuer
- Transaction value
- Shares
- -3,300
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 25 Jul 2025
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 3,300
- Exercise price
- $20.85
- Footnotes
- F3
PWOD
transaction
Derivative
Employee Stock Options (Right to Buy)
Disposed to Issuer
- Transaction value
- Shares
- -1,700
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 25 Jul 2025
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 1,700
- Exercise price
- $27.77
- Footnotes
- F3
PWOD
transaction
Derivative
Employee Stock Options (Right to Buy)
Disposed to Issuer
- Transaction value
- Shares
- -3,300
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 25 Jul 2025
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 3,300
- Exercise price
- $27.77
- Footnotes
- F3
PWOD
transaction
Derivative
Employee Stock Options (Right to Buy)
Disposed to Issuer
- Transaction value
- Shares
- -2,500
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 25 Jul 2025
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 2,500
- Exercise price
- $24.10
- Footnotes
- F3
PWOD
transaction
Derivative
Employee Stock Options (Right to Buy)
Disposed to Issuer
- Transaction value
- Shares
- -2,500
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 25 Jul 2025
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 2,500
- Exercise price
- $24.23
- Footnotes
- F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Michelle M. Karas is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 3 footnotes
Footnote F1
This Form 4 reports securities disposed of pursuant to the terms of the Agreement and Plan of Merger, dated as of December 16, 2024 (the "Merger Agreement"), by and between Penns Woods Bancorp, Inc. (the "Company") Northwest Bancshares, Inc. ("Parent"), a copy of which is filed as Exhibit 2.1 to the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on December 20, 2024, pursuant to which the Company merged with, and into, Parent (the "Merger") on July 25, 2025 (the "Effective Time"). At the Effective Time, each issued and outstanding share of common stock of the Company was converted into the right to receive 2.385 shares of Parent common stock (the "Exchange Ratio") and, if applicable, cash in lieu of fractional shares. On July 25, 2025, the closing price of the Company's common stock was $30.00 per share, and the closing price of Parent's common stock was $12.63 per share.
Footnote F2
Includes 66 Dividend Reinvestment Shares.
Footnote F3
Pursuant to the Merger Agreement, each option to purchase shares of the Company's common stock, whether vested or unvested (each, an "Option") that is outstanding and unexercised immediately prior to the Effective Time was canceled and automatically converted into a right to receive a cash payment equal to, for each Option, the product of (i)(A) the average of the closing sales price of Parent common stock on the Nasdaq Global Select Market as published in The Wall Street Journal for the 5 consecutive full trading days ending on the trading day immediately preceding the Effective Date multiplied by the Exchange Ratio less (B) the current exercise price per share of such Option, as may have been adjusted pursuant to the Merger Agreement, and (ii) the number of shares of the Company common stock underlying such Option.