[Form 4] Peoples Bancorp Inc/OH Insider Trading Activity

Rhea-AI Filing Summary

Peoples Bancorp Inc. (PEBO) filed a Form 4 indicating that EVP & General Counsel Michael Ryan Kirkham acquired 11.5562 shares of common stock on 06/30/2025 through the company’s employee stock purchase plan (transaction code “J”). The shares were purchased at $25.96 each, increasing his direct holdings to 11,666.4766 shares. No dispositions or derivative security transactions were reported.

The purchase, valued at roughly $300, is immaterial relative to PEBO’s market capitalization and to Kirkham’s existing stake. Because the acquisition occurred under an automatic plan, it provides limited insight into management’s discretionary sentiment. There are no indications of broader strategic or financial changes associated with this filing.

Positive

• Insider ownership increased, albeit marginally, which can be interpreted as a modest expression of confidence.

Negative

• None.

Insights

Securities Analyst

TL;DR: Tiny ESPP insider purchase; neutral signal, negligible financial impact.

The reported acquisition adds only 0.1% to Mr. Kirkham’s existing position and less than 0.001% to PEBO’s shares outstanding, offering little informational value for investors. Transaction code “J” confirms it was plan-driven rather than an open-market buy, further dampening signaling strength. With no accompanying derivative activity or large volume, I classify the event as routine compliance disclosure with no material effect on the investment thesis.

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
Estimated average burden
hours per response:			0.5

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Kirkham Michael Ryan

(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/General Counsel

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2025

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	06/30/2025		J(1)		11.5562	A	$25.96	11,666.4766	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. Kirkham	07/01/2025
	** 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

How many PEBO shares did EVP Michael Ryan Kirkham acquire?

He acquired 11.5562 shares of common stock.

What was the purchase price of the PEBO shares?

The shares were bought at $25.96 per share.

What is Kirkham’s total direct ownership after the transaction?

He now directly owns 11,666.4766 PEBO shares.

What does transaction code "J" signify on this Form 4?

Code "J" indicates an acquisition under an employee benefit plan, not an open-market trade.

When was the Form 4 for PEBO filed?

The filing was dated 07/01/2025.

Were any derivative securities involved in this filing?

No, the Form 4 reported no derivative security transactions.