PFIS (PFIS) COO John R. Anderson III granted 673 RSUs, details updated share holdings
Rhea-AI Filing Summary
ANDERSON JOHN R III reported acquisition or exercise transactions in this Form 4 filing.
PEOPLES FINANCIAL SERVICES CORP. executive John R. Anderson III reported equity compensation changes rather than open‑market trades. On June 26, 2026, he received a grant of 673 Restricted Stock Units (RSUs), each representing one share of PFIS common stock, vesting in three annual installments beginning June 26, 2027.
The filing also notes an earlier grant of 866 RSUs from March 28, 2025, with 295 RSUs having vested on March 11, 2026 and additional tranches scheduled to vest on March 11, 2027 and March 11, 2028. After these updates, Anderson holds 6,551.378 shares of common stock directly, plus 1,880 shares through a 401(k) profit sharing plan and joint holdings with his spouse, reflecting a mix of time‑based restricted stock, dividend reinvestment shares, and long‑term incentive awards.
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 | Restricted Stock Units | 673 | $0.00 | $0.00 |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 968 shares (Direct);
Common Stock — 6,551.378 shares (Direct);
Common Stock — 1,880 shares (Indirect, PSBT 401(k) Profit Sharing Plan)
Footnotes (5)
- F1. This amount includes 167 shares of time-based restricted common stock and 6,344.378 shares solely owned by Mr. Anderson which includes 73.053 shares acquired on 3/13/2026 under the Issuer's Dividend Reinvestment Stock Purchase Plan (DRP) and 62.577 DRP shares acquired on 6/15/2026, and 40 shares held jointly with his spouse.
- F2. Each restricted stock unit (RSU) represents a contingent right to receive one share of PFIS common stock.
- F3. On 3/28/2025, Mr. Anderson was granted 866 RSUs vesting in three annual installments beginning 3/11/2026.
- F4. 295 RSUs vested on 3/11/2026 leaving 286 RSUs to vest on 3/11/2027 and 285 RSUs to vest on 3/11/2028.
- F5. On 6/26/2026, Mr. Anderson was granted 673 RSUs vesting in three annual installments beginning 6/26/2027.
Key Figures
New RSU grant: 673 RSUs
Prior RSU grant: 866 RSUs
RSUs vested: 295 RSUs
+3 more
6 metrics
New RSU grant
673 RSUs
Granted June 26, 2026, vesting in three annual installments
Prior RSU grant
866 RSUs
Granted March 28, 2025 with three-year vesting schedule
RSUs vested
295 RSUs
Vest date March 11, 2026 from 2025 grant
Future vesting tranches
286 & 285 RSUs
Scheduled to vest March 11, 2027 and March 11, 2028
Direct common stock
6,551.378 shares
Directly owned common shares after reported transactions
401(k) holdings
1,880 shares
Indirect ownership via PSBT 401(k) Profit Sharing Plan
Key Terms
Restricted Stock Units, time-based restricted common stock, Dividend Reinvestment Stock Purchase Plan, vesting in three annual installments, +1 more
5 terms
Restricted Stock Units financial
"The filing lists Restricted Stock Units with grants and vesting details."
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
"Footnotes state the amount includes 167 shares of time-based restricted common stock."
Dividend Reinvestment Stock Purchase Plan financial
"Footnotes reference shares acquired under the Issuer's Dividend Reinvestment Stock Purchase Plan (DRP)."
vesting in three annual installments financial
"Footnotes describe RSU grants vesting in three annual installments beginning on specific dates."
Profit Sharing Plan financial
"Indirect ownership is reported through a PSBT 401(k) Profit Sharing Plan."
FAQ
What did PFIS executive John R. Anderson III report in this Form 4?
John R. Anderson III reported an equity award and updated holdings. He received 673 Restricted Stock Units on June 26, 2026, and disclosed his direct, joint, and 401(k) share positions, along with the vesting schedule of a prior RSU grant.
How many Restricted Stock Units did PFIS grant to John R. Anderson III?
PFIS granted John R. Anderson III 673 Restricted Stock Units on June 26, 2026. Each RSU represents a contingent right to receive one PFIS common share, vesting in three annual installments beginning June 26, 2027, as part of his long‑term incentive compensation.
What is the vesting schedule for John R. Anderson III’s prior PFIS RSU grant?
A prior grant of 866 RSUs to John R. Anderson III vests over three years. Footnotes state 295 RSUs vested March 11, 2026, with additional tranches of 286 and 285 RSUs vesting on March 11, 2027 and March 11, 2028, respectively.
Are there any PFIS open‑market stock purchases or sales by John R. Anderson III in this filing?
The filing does not show any open‑market purchases or sales. It reports an RSU grant and updated holdings, including restricted stock, dividend reinvestment shares, and 401(k) plan shares, reflecting compensation and accumulated ownership rather than discretionary market trades.
What does each PFIS Restricted Stock Unit (RSU) represent for John R. Anderson III?
Each PFIS Restricted Stock Unit represents a contingent right to receive one share of PFIS common stock. The units vest over time in scheduled installments, aligning Anderson’s compensation with the company’s long‑term performance and retention objectives as disclosed in the footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
