[Form 4] PEOPLES BANCORP INC Insider Trading Activity

Rhea-AI Filing Summary

Mark Augenstein, EVP of Operations at Peoples Bancorp Inc (PEBO), reported acquiring 23.5386 shares of the company's common stock on 09/30/2025 at a price of $25.49 per share through an employee stock purchase plan. Following the transaction, Mr. Augenstein is recorded as beneficially owning 20,697.3065 shares.

The Form 4 was signed by an attorney-in-fact on 10/01/2025 and lists the acquisition code J(1), with an explanatory note that the shares were bought under the ESPP. No derivative transactions or dispositions are reported on this filing.

Positive

• Insider purchase via ESPP: Mark Augenstein acquired 23.5386 shares at $25.49, indicating participation in company equity program
• Increased beneficial ownership: Post-transaction beneficial ownership is recorded as 20,697.3065 shares

Negative

• None.

Insights

Financial Analyst

TL;DR: Insider participation in the ESPP shows management continued equity ownership without material change to capital structure.

The reported acquisition of 23.5386 shares at $25.49 via an employee stock purchase plan represents a routine, small-scale insider purchase. While insider buying can signal confidence, the absolute size disclosed here is modest relative to the reported total beneficial ownership of 20,697.3065 shares, so the transaction is unlikely to be material to valuation or share supply.

Corporate Governance Expert

TL;DR: The Form 4 is a standard, timely disclosure of an ESPP acquisition with appropriate signatures.

The filing contains required elements: transaction date (09/30/2025), acquisition code J(1), price per share, and post-transaction beneficial ownership. It was signed by an attorney-in-fact, which is acceptable when properly authorized. There are no indications of dispositions, option exercises, or other governance concerns in this report.

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^*

Augenstein Mark

(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)

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

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
Common Stock	09/30/2025		J(1)		23.5386	A	$25.49	20,697.3065	D

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

Explanation of Responses:

1. Shares acquired as a result of participation in an employee stock purchase plan.

Remarks:

	/s/ Jason A. Silcott, attorney-in-fact for Mr. Augenstein	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 did Mark Augenstein report on the Form 4 for PEBO?

He reported acquiring 23.5386 shares of Peoples Bancorp Inc common stock on 09/30/2025 at $25.49 per share under an employee stock purchase plan.

How many shares does Mark Augenstein beneficially own after the transaction?

20,697.3065 shares are reported as beneficially owned following the acquisition.

What transaction code is used and what does it mean?

The filing uses code J(1), with an explanation that the shares were acquired through participation in an employee stock purchase plan (ESPP).

When was the Form 4 signed and by whom?

The Form 4 was signed by an attorney-in-fact, Jason A. Silcott, on 10/01/2025 on behalf of Mr. Augenstein.

Were any derivative securities reported on this Form 4?

No derivative transactions (options, warrants, puts, or calls) are reported in Table II of this filing.