[Form 4] PEOPLES BANCORP INC Insider Trading Activity

Rhea-AI Filing Summary

Frances A. Skinner, identified as a Director of Peoples Bancorp Inc. (PEBO), reported an allocation of 607 shares under the company's Deferred Compensation Plan on 09/30/2025. The filing shows the transaction as an acquisition (A) at an allocated price of $29.99 per share and indicates 12,930 shares beneficially owned following the transaction, held indirectly through the Deferred Compensation arrangement. The filing explains these shares represent board meeting fees and a quarterly retainer paid in stock to a non-employee director. The Form 4 is signed by an attorney-in-fact for Ms. Skinner on 10/01/2025.

Positive

• Director compensation paid in equity (607 shares) can align director interests with shareholders
• Clear disclosure of the transaction, price ($29.99), and resulting beneficial ownership (12,930 shares)

Negative

• None.

Insights

Financial Analyst

TL;DR: Director received 607 deferred-compensation shares, increasing indirect holdings to 12,930; this is a routine non-cash director compensation event.

The report documents a non-derivative acquisition of 607 shares under the issuer's Deferred Compensation Plan at an allocated price of $29.99, with total indirect beneficial ownership of 12,930 shares after the transaction. This reflects compensation allocation rather than an open-market purchase or option exercise. For investors, the item signals the company uses equity to compensate non-employee directors, aligning director pay with shareholder exposure; the filing contains no information about sale, pledge, or changes to control.

Corporate Governance Expert

TL;DR: A standard disclosure of stock-based director compensation under the Deferred Compensation Plan, with no governance red flags presented.

The Form 4 identifies Frances A. Skinner as a director receiving 607 shares as part of board fees and a quarterly retainer paid in stock. Ownership is reported as indirect through the Deferred Compensation vehicle. The form includes the required explanation and attorney-in-fact signature. The filing does not disclose any departures, related-party transactions beyond compensation, or other governance actions.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

SKINNER FRANCES A

(Last) (First) (Middle)

138 PUTNAM STREET

(Street)

MARIETTA OH 45750

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PEOPLES BANCORP INC [ PEBO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Deferred Compensation	(1)	09/30/2025		A(2)		607		(1)	(1)	Deferred Compensation	607	$29.99	12,930	I	Deferred Compensation

Explanation of Responses:

1. Price, allocation to Insider's account, and shares payable pursuant to the terms and conditions of the Peoples Bancorp Inc. Deferred Compensation Plan for Directors of Peoples Bancorp Inc. and Subsidiaries.

2. Represents Board meeting fees and quarterly retainer paid in stock as part of non-employee director compensation.

Remarks:

	/s/ Jason A. Silcott, attorney-in-fact for Ms. Skinner	10/01/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did Frances A. Skinner report on Form 4 for PEBO?

Ms. Skinner reported an acquisition of 607 shares under the Peoples Bancorp Deferred Compensation Plan on 09/30/2025.

How many shares does Frances A. Skinner beneficially own after the reported transaction?

The Form 4 reports 12,930 shares beneficially owned following the transaction, held indirectly through Deferred Compensation.

At what price were the 607 deferred compensation shares allocated?

The filing shows an allocated price of $29.99 per share for the 607 shares.

Why were these shares issued to the director?

The shares represent board meeting fees and a quarterly retainer paid in stock to a non-employee director under the Deferred Compensation Plan.

When was the Form 4 signed and who signed it?

The Form 4 was signed on 10/01/2025 by Jason A. Silcott, attorney-in-fact for Ms. Skinner.