Peoples Financial (PFIS) COO amends Form 4 to correct award vesting

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

4/A

Rhea-AI Filing Summary

PEOPLES FINANCIAL SERVICES CORP. executive vice president and chief operating officer John R. Anderson III amended a prior insider report to correct stock award figures. On February 27, 2026, 1,460 performance-based stock awards vested and 438 shares of common stock were withheld to cover taxes at $53.60 per share.

After these entries, Anderson directly holds 6,309.748 shares of common stock, including time-based restricted stock and jointly held shares, plus 1,880 shares held indirectly through the PSBT 401(k) Profit Sharing Plan. He also has 866 restricted stock units, which each represent a right to receive one share of common stock and vest in three equal annual installments beginning March 11, 2026.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider ANDERSON JOHN R III

Role EVP/CHIEF OPERATING OFFICER

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,460	$0.00	--
Tax Withholding	Common Stock	438	$53.60	$23K
holding	Restricted Stock Units	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 6,747.748 shares (Direct); Restricted Stock Units — 866 shares (Direct); Common Stock — 1,880 shares (Indirect, PSBT 401(k) Profit Sharing Plan)

Footnotes (1)

On March 3, 2026, the reporting person filed a Form 4 which inadvertently reported the vesting of 2,188 performance-based stock awards and 791 shares withheld for taxes. As reported in this amendment, 1,460 performance-based stock awards vested and 438 shares were withheld for taxes. This amount includes 484 shares of time based restricted common stock solely owned by Mr. Anderson, 5,785.748 shares solely owned by Mr. Anderson, and 40 shares held jointly with his spouse. Each restricted stock unit represents a contingent right to receive one share of PFIS common stock. The restricted stock units vest in three equal annual installments beginning March 11, 2026.

Key Figures

Performance-based awards vested: 1,460 shares Tax withholding shares: 438 shares at $53.60 Direct common stock holdings: 6,309.748 shares +3 more

6 metrics

Performance-based awards vested 1,460 shares Vesting on February 27, 2026

Tax withholding shares 438 shares at $53.60 Shares withheld to cover taxes on vesting

Direct common stock holdings 6,309.748 shares Directly owned after transactions on February 27, 2026

Indirect 401(k) holdings 1,880 shares Common stock held via PSBT 401(k) Profit Sharing Plan

Restricted stock units 866 units Each RSU equals one PFIS share, vesting starts March 11, 2026

RSU exercise price $0.00 Exercise price for restricted stock units

Key Terms

performance-based stock awards, restricted stock units, tax-withholding disposition, PSBT 401(k) Profit Sharing Plan

4 terms

performance-based stock awards financial

"1,460 performance-based stock awards vested and 438 shares were withheld"

restricted stock units financial

"Each restricted stock unit represents a contingent right to receive one share"

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.

tax-withholding disposition financial

"Payment of exercise price or tax liability by delivering securities"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Form 4 Insider Transactions: What Each Field Means →

04/10/2026 - 03:53 PM

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^*

ANDERSON JOHN R III

(Last)

(First)

(Middle)

C/O PEOPLES SECURITY BANK & TRUST CO

30 E D PREATE DRIVE

(Street)

MOOSIC

PENNSYLVANIA

18507

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
PEOPLES FINANCIAL SERVICES CORP. [ PFIS ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP/CHIEF OPERATING OFFICER

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026

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

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

4. If Amendment, Date of Original Filed (Month/Day/Year)
03/03/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/27/2026		A		1,460⁽¹⁾	A	$0	6,747.748	D
Common Stock	02/27/2026		F		438⁽¹⁾	D	$53.6	6,309.748⁽²⁾	D
Common Stock								1,880	I	PSBT 401(k) Profit Sharing Plan

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽³⁾							⁽⁴⁾	⁽⁴⁾	COMMON STOCK	866		866	D

Explanation of Responses:

1. On March 3, 2026, the reporting person filed a Form 4 which inadvertently reported the vesting of 2,188 performance-based stock awards and 791 shares withheld for taxes. As reported in this amendment, 1,460 performance-based stock awards vested and 438 shares were withheld for taxes.

2. This amount includes 484 shares of time based restricted common stock solely owned by Mr. Anderson, 5,785.748 shares solely owned by Mr. Anderson, and 40 shares held jointly with his spouse.

3. Each restricted stock unit represents a contingent right to receive one share of PFIS common stock.

4. The restricted stock units vest in three equal annual installments beginning March 11, 2026.

	/s/ James M. Bone, Jr., As Attorney-in Fact for John Anderson	04/10/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did PFIS executive John R. Anderson III report in this amended Form 4?

John R. Anderson III corrected a prior filing to show 1,460 performance-based stock awards vested and 438 shares withheld for taxes. The amendment updates an earlier Form 4 that had overstated both the number of vested awards and tax-withheld shares.

How many PFIS shares did John R. Anderson III have withheld for taxes?

He had 438 PFIS common shares withheld to satisfy tax obligations, at a reported price of $53.60 per share. This was part of the vesting of performance-based stock awards and is classified as a tax-withholding disposition, not an open-market sale.

How many PFIS shares does John R. Anderson III hold after these transactions?

Following the February 27, 2026 entries, Anderson directly holds 6,309.748 PFIS common shares and 1,880 shares indirectly through the PSBT 401(k) Profit Sharing Plan. His direct holdings include time-based restricted stock and shares held jointly with his spouse.

What PFIS restricted stock units does John R. Anderson III hold and when do they vest?

He holds 866 restricted stock units, each representing a right to receive one PFIS common share. These units vest in three equal annual installments beginning March 11, 2026, providing a staggered schedule of future share delivery tied to ongoing service or conditions.

Why was this PFIS Form 4/A filed as an amendment?

The amendment was filed because an earlier Form 4 on March 3, 2026 inadvertently reported 2,188 performance-based awards vested and 791 shares withheld. The corrected figures are 1,460 vested awards and 438 tax-withheld shares, aligning the disclosure with actual events.