PFIS EVP receives stock grant and tax share withholding

PEOPLES FINANCIAL SERVICES CORP. executive Timothy Kirtley received an equity award and had shares withheld to cover taxes.

Rhea-AI Filing Summary

PEOPLES FINANCIAL SERVICES CORP. executive Timothy Kirtley received an equity award and had shares withheld to cover taxes. He was granted 2,146 shares of common stock on February 27, 2026 at $0 per share as a grant or award, increasing his direct holdings to 7,212 common shares, including 475 time-based restricted shares and 6,012 other directly owned shares.

On the same date, 725 common shares at $53.60 per share were disposed of to satisfy tax or exercise costs, leaving him with 6,487 directly owned common shares. He also holds 826 restricted stock units that vest in three equal annual installments beginning March 11, 2026 and 3,332 restricted stock units vesting in five equal annual installments beginning August 29, 2026. In addition, he has 240 common shares held indirectly through the PSBT 401(k) Profit Sharing Plan.

Insider Trade Summary

5 transactions reported

Mixed 5 txns

Insider Kirtley Timothy

Role EVP/CHIEF RISK OFFICER

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,146	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	725	$53.60	$39K
holding	Restricted Stock Units	--	--	--
holding	Restricted Stock Units	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 6,487 shares (Direct); Restricted Stock Units — 4,158 contracts (Direct); Common Stock — 240 shares (Indirect, PSBT 401 (k) Profit Sharing Plan)

Footnotes (4)

1. F1. This amount includes 475 shares of time based restricted common stock solely owned by Mr. Kirtley and 6,012 shares solely owned by Mr. Kirtley.
2. F2. Each restricted stock unit represents a contingent right to receive one share of PFIS common stock.
3. F3. The restricted stock units vest in three equal annual installments beginning March 11, 2026.
4. F4. The restricted stock units vest in five equal annual installments beginning August 29, 2026.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What equity award did PFIS executive Timothy Kirtley receive on February 27, 2026?

Timothy Kirtley received a grant of 2,146 shares of PFIS common stock on February 27, 2026 at $0 per share as a non-cash equity award, increasing his directly owned common shares to 7,212 immediately after the grant.

Why were 725 PFIS shares disposed of for Timothy Kirtley on that date?

On February 27, 2026, 725 PFIS common shares at $53.60 per share were disposed of as a tax-withholding transaction, used to pay exercise price or tax liabilities, rather than an open-market sale, reducing his direct holdings to 6,487 shares afterward.

How many PFIS common shares does Timothy Kirtley own directly and indirectly?

After the reported transactions, Timothy Kirtley directly owns 6,487 PFIS common shares and indirectly holds 240 common shares through the PSBT 401(k) Profit Sharing Plan, giving him combined exposure through both direct and retirement-plan holdings.

What restricted stock units (RSUs) does PFIS executive Timothy Kirtley hold?

Timothy Kirtley holds 826 PFIS restricted stock units that vest in three equal annual installments starting March 11, 2026 and an additional 3,332 restricted stock units vesting in five equal annual installments beginning August 29, 2026, each unit representing one share.

How are Timothy Kirtley’s PFIS restricted stock units structured for vesting?

His PFIS restricted stock units vest over multi-year schedules. 826 units vest in three equal annual installments starting March 11, 2026, while 3,332 units vest in five equal annual installments beginning August 29, 2026, aligning compensation with long-term service.

What portion of Timothy Kirtley’s PFIS common stock is time-based restricted stock?

His direct PFIS common stock holdings include 475 shares of time-based restricted common stock and 6,012 other directly owned shares. The restricted portion is subject to vesting conditions, while the remaining shares are already fully owned common stock.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/03/2026 - 04:27 PM Learn about SEC filing dates

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^*

Kirtley Timothy

(Last) (First) (Middle)

C/O PEOPLES SECURITY BANK & TRUST CO

30 E D PREATE DRIVE

(Street)

MOOSIC PA 18507

(City) (State) (Zip)

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 RISK OFFICER

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

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	02/27/2026		A		2,146	A	$0	7,212	D
Common Stock	02/27/2026		F		725	D	$53.6	6,487(1)	D
Common Stock								240	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(2)							(3)	(3)	COMMON STOCK	826		826	D
Restricted Stock Units	(2)							(4)	(4)	COMMON STOCK	3,332		3,332	D

Explanation of Responses:

1. This amount includes 475 shares of time based restricted common stock solely owned by Mr. Kirtley and 6,012 shares solely owned by Mr. Kirtley.

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

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

4. The restricted stock units vest in five equal annual installments beginning August 29, 2026.

	/s/ James M. Bone, Jr., As Attorney-in-Fact for Timothy H. Kirtley	03/03/2026
	** 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.