Equity awards vest for Peoples Financial (PFIS) EVP Susan Hubble
Rhea-AI Filing Summary
Peoples Financial Services Corp. executive Susan L. Hubble updated her equity holdings following a performance-based award vesting and related tax withholding. On February 27, 2026, 1,373 performance-based stock awards vested into common shares held indirectly through an IRA, while 379 shares were withheld at $53.60 per share to cover taxes. This amendment corrects a prior Form 4 that had mistakenly reported 2,059 vested awards and 695 withheld shares. After these changes, Hubble’s IRA holds 1,842 shares of common stock, and she directly owns 2,308 common shares, including 457 time-based restricted shares. She also holds 819 restricted stock units, each representing one share of common stock, scheduled to vest in three equal annual installments beginning March 11, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 994 shares
Net Buy
4 txns
Insider
Hubble Susan L
Role
EVP/CHIEF INFORMATION OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,373 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 379 | $53.60 | $20K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,842 shares (Indirect, By IRA);
Restricted Stock Units — 819 shares (Direct);
Common Stock — 2,308 shares (Direct)
Footnotes (4)
- F1. On March 3, 2026, the reporting person filed a Form 4 which inadvertently reported the vesting of 2,059 performance-based stock awards and 695 shares withheld for taxes. As reported in this amendment, 1,373 performance-based stock awards vested, and 379 shares were withheld for taxes.
- F2. This amount includes 457 shares of time based restricted common stock solely owned by Ms. Hubble and 1,851 shares solely owned by Ms. Hubble.
- F3. Each restricted stock unit represents a contingent right to receive one share of PFIS common stock.
- F4. The restricted stock units vest in three equal annual installments beginning March 11, 2026.
Key Figures
Vested performance-based awards: 1,373 shares
Shares withheld for taxes: 379 shares at $53.60
Indirect IRA holdings after transaction: 1,842 shares
+3 more
6 metrics
Vested performance-based awards
1,373 shares
Performance-based stock awards vested on February 27, 2026
Shares withheld for taxes
379 shares at $53.60
Tax withholding disposition on February 27, 2026
Indirect IRA holdings after transaction
1,842 shares
PFIS common stock held indirectly by IRA
Direct common shares held
2,308 shares
PFIS common stock directly owned, including restricted shares
Time-based restricted common stock
457 shares
Included within directly owned PFIS common stock
Restricted stock units held
819 units
Each RSU represents one PFIS common share
Key Terms
performance-based stock awards, restricted stock units, time based restricted common stock, tax liability by delivering securities, +1 more
5 terms
performance-based stock awards financial
"As reported in this amendment, 1,373 performance-based stock awards vested, and 379 shares were withheld"
restricted stock units financial
"Each restricted stock unit represents a contingent right to receive one share of PFIS common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
time based restricted common stock financial
"This amount includes 457 shares of time based restricted common stock solely owned by Ms. Hubble"
tax liability by delivering securities financial
"Payment of exercise price or tax liability by delivering securities"
IRA financial
"Common Stock ... indirect ... nature_of_ownership: By IRA"
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did PFIS executive Susan L. Hubble report in this amended Form 4?
Susan L. Hubble reported corrected equity award activity at Peoples Financial Services Corp. (PFIS). 1,373 performance-based stock awards vested and 379 shares were withheld for taxes, replacing higher figures mistakenly reported in an earlier Form 4 for the same event.
What PFIS restricted stock units does Susan L. Hubble hold after the filing?
Susan L. Hubble holds 819 PFIS restricted stock units, each representing a contingent right to receive one share of common stock. These restricted stock units are scheduled to vest in three equal annual installments beginning on March 11, 2026, according to the disclosure.
Why did Peoples Financial Services Corp. file this amended Form 4 for PFIS?
The amended Form 4 for PFIS corrects an earlier report that overstated both vested performance-based stock awards and tax-withheld shares. It now accurately reflects 1,373 vested awards and 379 shares withheld for taxes for EVP and Chief Information Officer Susan L. Hubble.