Penns Woods Bancorp, Inc. Amends CEO Grafmyre Contract [Yahoo! Finance]
Penns Woods Bancorp, Inc. (PWOD)
US:NASDAQ Investor Relations:
jssb.com/who-we-are/pwb-investor-relations/officers-directors
Company Research
Source: Yahoo! Finance
Grafmyre CFP®, to amend Mr. Grafmyre's employment agreement. The amendment was agreed upon after conducting a review of reported compensation data for the Company's peer group, industry compensation analysis, and discussions with shareholders. The amendment, effective June 3, 2024 removes the provision for Mr. Grafmyre to be compensated for unused paid time off (beginning with paid time off earned during the 2024 annual period), reduces Mr. Grafmyre's base salary to $850,000, and sets his maximum annual potential bonus amount at $325,000. These changes will reduce the maximum total annual compensation for Mr. Grafmyre by approximately $150,000 and will place a greater emphasis on at-risk compensation to better reflect the changes being seen within the Company's peer group. The Company's bonus plan has been revised to incorporate the following metrics for the 2024 period: return on average equity, return on average assets, earnings per share, asset growth, and credit quality (net cha
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PWOD
News
- Penns Woods Bancorp, Inc. (NASDAQ: PWOD) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Penns Woods Bancorp, Inc. (NASDAQ: PWOD) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Exploring Penns Woods Bancorp And Two More Leading Dividend Stocks [Yahoo! Finance]Yahoo! Finance
- Penns Woods Bancorp, Inc. Amends CEO Grafmyre ContractGlobeNewswire
- Penns Woods Bancorp, Inc. Announces Quarterly DividendGlobeNewswire
PWOD
Sec Filings
- 6/11/24 - Form 4
- 6/11/24 - Form 4
- 6/11/24 - Form 4
- PWOD's page on the SEC website