Charles E. Kranich - 25 Jul 2025 Form 4 Insider Report for PENNS WOODS BANCORP INC (PWOD)

Role
Director
Signature
/s/ Michelle M. Karas, Attorney in Fact
Issuer symbol
PWOD
Transactions as of
25 Jul 2025
Transactions value $
$0
Form type
4
Filing time
28 Jul 2025, 12:10:31 UTC
Previous filing
06 Feb 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Kranich Charles E. Director 2020 NORTH ATHERTON STREET, STATE COLLEGE /s/ Michelle M. Karas, Attorney in Fact 28 Jul 2025 0001785665

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PWOD Penns Woods Bancorp, Inc. common stock Disposed to Issuer -37.8K -100% 0 25 Jul 2025 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Charles E. Kranich is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
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 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.