How do the footnotes clarify Susan L. Hubble’s PFIS share ownership?

The footnotes explain that 457 of her directly held PFIS shares are time-based restricted stock, with 1,851 shares solely owned outright. Another footnote states each restricted stock unit converts into one PFIS common share, and vesting occurs in three equal annual tranches starting March 11, 2026.

Peoples Financial EVP gets stock award, withholds shares

PEOPLES FINANCIAL SERVICES CORP. executive Susan L. Hubble, EVP and Chief Information Officer, reported equity transactions involving company common stock and restricted stock units.

Accepted by SEC EDGAR 03/03/2026 - 04:29 PM EST

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Rhea-AI Filing Summary

PEOPLES FINANCIAL SERVICES CORP. executive Susan L. Hubble, EVP and Chief Information Officer, reported equity transactions involving company common stock and restricted stock units. On February 27, 2026, an indirect account identified as an IRA acquired 2,059 shares of common stock at $0.00 per share in a grant, award, or similar acquisition. The same IRA disposed of 695 common shares at $53.60 per share to satisfy exercise price or tax liabilities through delivery of shares, leaving 2,212 common shares held indirectly.

Separately, Hubble holds common stock and restricted stock units directly. Following these transactions, she directly owned 2,308 common shares, including 457 shares of time-based restricted common stock and 1,851 shares solely owned. She also held 819 restricted stock units, each representing one share of PFIS common stock, scheduled to vest in three equal annual installments beginning March 11, 2026.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Hubble Susan L

Role EVP/CHIEF INFORMATION OFFICER

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,059	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	695	$53.60	$37K
Holding	Restricted Stock Units	--	--	--
Holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 2,212 shares (Indirect, By IRA); Restricted Stock Units — 819 contracts (Direct); Common Stock — 2,308 shares (Direct)

Footnotes (3)

F1. 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.
F2. Each restricted stock unit represents a contingent right to receive one share of PFIS common stock.
F3. The restricted stock units vest in three equal annual installments beginning March 11, 2026.

FAQ

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What insider transactions did PFIS executive Susan L. Hubble report on this Form 4?

Susan L. Hubble reported an indirect equity grant and a tax-related share disposition. An IRA associated with her acquired 2,059 PFIS common shares at $0.00 and delivered 695 shares at $53.60 to cover exercise price or tax obligations, leaving 2,212 shares in that IRA.

How many PFIS common shares does Susan L. Hubble hold after these transactions?

After these transactions, Susan L. Hubble indirectly held 2,212 PFIS common shares through an IRA and directly held 2,308 shares. Her direct holdings include 457 shares of time-based restricted common stock and 1,851 shares solely owned in her name, separate from the IRA position.

What type of acquisition occurred for Susan L. Hubble’s PFIS shares?

The acquisition was a grant, award, or other non-cash equity issuance. An IRA associated with Susan L. Hubble received 2,059 PFIS common shares at $0.00 per share, classified under transaction code A, which typically denotes an equity grant or similar award to the insider.

Why were 695 PFIS shares disposed of in Susan L. Hubble’s Form 4 filing?

The 695 PFIS common shares were disposed of to pay exercise price or tax liabilities. The transaction used code F, which indicates payment of exercise price or tax obligations by delivering already-held shares, rather than an open-market sale for discretionary portfolio reasons.

What restricted stock unit (RSU) holdings did Susan L. Hubble report for PFIS?

Susan L. Hubble reported holding 819 PFIS restricted stock units directly. Each RSU represents a contingent right to receive one share of PFIS common stock. These RSUs are scheduled to vest in three equal annual installments beginning March 11, 2026, subject to standard vesting conditions.

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Form 4 Insider Transactions: What Each Field Means →

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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^*

Hubble Susan L

(Last)

(First)

(Middle)

C/O PEOPLES SECURITY BANK & TRUST CO

30 E D PREATE DRIVE

(Street)

MOOSIC

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 INFORMATION 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)
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		2,059	A	$0	2,907	I	By IRA
Common Stock	02/27/2026		F		695	D	$53.6	2,212	I	By IRA
Common Stock								2,308⁽¹⁾	D

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	⁽²⁾							⁽³⁾	⁽³⁾	COMMON STOCK	819		819	D

Explanation of Responses:

1. 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.

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.

	/s/ James M. Bone, Jr., As Attorney-in-Fact for Susan Hubble	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.

Source: View Original Filing on SEC EDGAR