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Peoples Financial (NASDAQ: PFIS) CEO granted 1,762 restricted stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Champi Gerard A reported acquisition or exercise transactions in this Form 4 filing.

PEOPLES FINANCIAL SERVICES CORP. chief executive officer Gerard A. Champi reported updated equity holdings and a new stock-based award. He now directly holds 20,436 shares of common stock, including 1,944 shares of time-based restricted common stock, 375 shares solely owned, and 18,117 shares held jointly with his spouse.

Champi was granted 1,762 new restricted stock units on 6/26/2026, each representing a contingent right to receive one share of PFIS common stock. These RSUs vest in three annual installments beginning 6/26/2027. The filing also notes an earlier 2,024‑RSU grant from 3/28/2025, with 689 RSUs vesting on 3/11/2026 and the remaining tranches scheduled to vest in 2027 and 2028.

Positive

  • None.

Negative

  • None.
Insider Champi Gerard A
Role CHIEF EXECUTIVE OFFICER
Type Security Shares Price Value
Grant/Award Restricted Stock Units 1,762 $0.00 --
holding Restricted Stock Units -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Restricted Stock Units — 1,762 shares (Direct, null); Common Stock — 20,436 shares (Direct, null)
Footnotes (1)
  1. This amount includes 1,944 shares of time-based restricted common stock, 375 shares solely owned by Mr. Champi, and 18,117 shares held jointly with his spouse. Each restricted stock unit (RSU) represents a contingent right to receive one share of PFIS common stock. On 3/28/2025, Mr. Champi was granted 2,024 RSUs vesting in three annual installments beginning 3/11/2026. 689 RSUs vested on 3/11/2026 leaving 668 RSUs to vest on 3/11/2027 and 667 RSUs to vest on 3/11/2028. On 6/26/2026, Mr. Champi was granted 1,762 RSUs vesting in three annual installments beginning 6/26/2027.
Common shares held 20,436 shares Direct holdings after transactions
New RSU grant 1,762 RSUs Granted on 6/26/2026, vesting in three annual installments
Prior RSU grant 2,024 RSUs Granted on 3/28/2025, three-year vesting schedule
Vested RSUs from 2025 grant 689 RSUs Vested on 3/11/2026 from earlier award
Time-based restricted common 1,944 shares Included within common stock holdings
Jointly held common shares 18,117 shares Held jointly with spouse within total common holdings
Restricted Stock Units financial
"security_title: "Restricted Stock Units" and related RSU grant 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
"includes 1,944 shares of time-based restricted common stock"
contingent right financial
"Each restricted stock unit (RSU) represents a contingent right to receive one share"
vesting in three annual installments financial
"RSUs vesting in three annual installments beginning 6/26/2027"
underlying security financial
"underlying_security_title: "Common Stock", underlying_security_shares: "689.0000""
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Champi Gerard A
(Last)(First)(Middle)
C/O PEOPLES SECURITY BANK & TRUST CO
30 E D PREATE DRIVE
(Street)
MOOSIC PENNSYLVANIA 18507
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
PEOPLES FINANCIAL SERVICES CORP. [ PFIS ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
CHIEF EXECUTIVE OFFICER
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/26/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock20,436(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(2) (3) (3)Common Stock6891,335(4)D
Restricted Stock Units(2)06/26/2026A1,762 (5) (5)Common Stock1,762$01,762D
Explanation of Responses:
1. This amount includes 1,944 shares of time-based restricted common stock, 375 shares solely owned by Mr. Champi, and 18,117 shares held jointly with his spouse.
2. Each restricted stock unit (RSU) represents a contingent right to receive one share of PFIS common stock.
3. On 3/28/2025, Mr. Champi was granted 2,024 RSUs vesting in three annual installments beginning 3/11/2026.
4. 689 RSUs vested on 3/11/2026 leaving 668 RSUs to vest on 3/11/2027 and 667 RSUs to vest on 3/11/2028.
5. On 6/26/2026, Mr. Champi was granted 1,762 RSUs vesting in three annual installments beginning 6/26/2027.
/s/ James M. Bone, Jr., CPA as Attorney in Fact for Gerard A. Champi06/30/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider equity award did PFIS CEO Gerard Champi report?

PFIS CEO Gerard Champi reported a grant of 1,762 restricted stock units (RSUs) on 6/26/2026. Each RSU represents a contingent right to receive one share of Peoples Financial Services common stock, vesting in three annual installments starting 6/26/2027.

How many PFIS common shares does CEO Gerard Champi now hold?

Gerard Champi now directly holds 20,436 shares of PFIS common stock. This includes 1,944 shares of time-based restricted common stock, 375 shares solely owned, and 18,117 shares held jointly with his spouse, according to the insider ownership disclosure.

What are the vesting terms for Gerard Champi’s new 1,762 PFIS RSUs?

The 1,762 new RSUs granted to Gerard Champi on 6/26/2026 vest in three annual installments beginning 6/26/2027. Each vested restricted stock unit converts into one share of Peoples Financial Services common stock under the award’s terms.

Did Gerard Champi have previous PFIS restricted stock unit grants?

Yes. On 3/28/2025, Gerard Champi was granted 2,024 RSUs vesting in three annual installments starting 3/11/2026. The filing notes that 689 RSUs vested on 3/11/2026, with additional tranches scheduled to vest in 2027 and 2028.

What does each PFIS restricted stock unit reported by Gerard Champi represent?

Each restricted stock unit reported by Gerard Champi represents a contingent right to receive one PFIS common share. When vesting conditions are satisfied, the company delivers one share of Peoples Financial Services common stock for each vested RSU.

How many PFIS restricted stock units does Gerard Champi hold after the new grant?

After the transactions, one reported RSU position shows 689 restricted stock units with underlying common shares, and a new grant of 1,762 RSUs is outstanding, all held directly, reflecting multiple time-based equity awards in place.