PFIS COO exercises RSUs, 189 shares for taxes

PEOPLES FINANCIAL SERVICES CORP. executive John R. Anderson III, EVP and Chief Operating Officer, exercised restricted stock units into common shares.

Rhea-AI Filing Summary

PEOPLES FINANCIAL SERVICES CORP. executive John R. Anderson III, EVP and Chief Operating Officer, exercised restricted stock units into common shares. On 3/11/2026, 295 RSUs converted into 295 shares of common stock at $0.00 per share, consistent with a one-for-one RSU-to-share conversion.

To cover tax obligations, 189 common shares were withheld at a price of $51.80 per share, leaving Anderson with 6,790.748 common shares held directly after the transactions, plus additional indirect holdings of 1,880 shares through the PSBT 401(k) Profit Sharing Plan.

Footnotes show this RSU vesting is part of a prior grant of 866 RSUs made on 3/28/2025, vesting in three annual installments starting 3/11/2026. After the 295 RSUs vested on 3/11/2026, 286 RSUs are scheduled to vest on 3/11/2027 and 285 RSUs on 3/11/2028.

Insider Trade Summary

295 shares exercised/converted

Exercise 4 txns

Insider ANDERSON JOHN R III

Role EVP/CHIEF OPERATING OFFICER

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	295	$0.00	$0.00
Exercise	Common Stock	295	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	189	$51.80	$10K
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Unit — 571 contracts (Direct); Common Stock — 6,790.748 shares (Direct); Common Stock — 1,880 shares (Indirect, PSBT 401(k) Profit Sharing Plan)

Footnotes (4)

1. F1. Restricted stock units (RSUs) convert into common stock on a one-for-one basis.
2. F2. This amount includes 167 shares of time based restricted common stock solely owned by Mr. Anderson, 6,583.748 shares solely owned by Mr. Anderson, and 40 shares held jointly with his spouse.
3. F3. On 3/28/2025, Mr. Anderson was granted 866 RSUs vesting in three annual installments beginning 3/11/2026.
4. 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.

FAQ

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

What insider transaction did PFIS executive John R. Anderson III report?

John R. Anderson III reported exercising 295 restricted stock units into common shares on March 11, 2026. These RSUs converted one-for-one into common stock, reflecting scheduled equity compensation vesting rather than an open-market stock purchase.

How many Peoples Financial Services (PFIS) shares does Anderson hold after this Form 4?

After the reported transactions, Anderson holds 6,790.748 PFIS common shares directly. He also has 1,880 shares indirectly through the PSBT 401(k) Profit Sharing Plan, giving him a combined direct and indirect equity position visible in this filing.

Were any Peoples Financial Services (PFIS) shares sold on the market in this Form 4?

No open-market sale was reported. The filing shows a tax-withholding disposition of 189 shares at $51.80 per share to satisfy tax obligations arising from RSU vesting, which is different from a discretionary market sale.

What RSU grant and vesting schedule does PFIS disclose for Anderson?

Footnotes state Anderson received a grant of 866 RSUs on March 28, 2025, vesting in three annual installments. 295 RSUs vested on March 11, 2026, with 286 RSUs vesting on March 11, 2027 and 285 RSUs on March 11, 2028.

How many PFIS shares were used to cover Anderson’s tax obligations?

The filing reports a tax-withholding disposition of 189 common shares at $51.80 per share. These shares were delivered to cover tax liabilities from the RSU vesting event, not as a voluntary sale in the open market.

Does the PFIS Form 4 show any remaining derivative or RSU position for Anderson?

The Form 4 indicates 295 RSUs vested from a larger 866 RSU grant. Footnotes explain that 286 RSUs remain scheduled to vest on March 11, 2027 and 285 RSUs on March 11, 2028, outlining future equity vesting events.

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

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Accepted by SEC EDGAR 03/13/2026 - 04:31 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^*

ANDERSON JOHN R III

(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 OPERATING OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
03/11/2026

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	03/11/2026		M		295	A	(1)	6,979.748	D
Common Stock	03/11/2026		F		189	D	$51.8	6,790.748(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	(1)	03/11/2026		M			295	(3)	(3)	Common Stock	295	$0	571(4)	D

Explanation of Responses:

1. Restricted stock units (RSUs) convert into common stock on a one-for-one basis.

2. This amount includes 167 shares of time based restricted common stock solely owned by Mr. Anderson, 6,583.748 shares solely owned by Mr. Anderson, and 40 shares held jointly with his spouse.

3. On 3/28/2025, Mr. Anderson was granted 866 RSUs vesting in three annual installments beginning 3/11/2026.

4. 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.

	/s/ James M. Bone, Jr., CPA, As Attorney in Fact for John R. Anderson	03/13/2026
	** 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.
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