Peoples Financial COO updates stock award details
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.
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.
Positive
- None.
Negative
- None.
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 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 438 | $53.60 | $23K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 6,309.748 shares (Direct);
Restricted Stock Units — 866 contracts (Direct);
Common Stock — 1,880 shares (Indirect, PSBT 401(k) Profit Sharing Plan)
Footnotes (4)
- F1. 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.
- F2. 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.
- 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
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.
PSBT 401(k) Profit Sharing Plan financial
"Common Stock held indirectly through the PSBT 401(k) Profit Sharing Plan"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
