Peoples Financial exec vests 668 RSU shares
Rhea-AI Filing Summary
For PEOPLES FINANCIAL SERVICES CORP. (PFIS), EVP and Chief Risk Officer Timothy Kirtley reported vesting and related share movements on August 29, 2026. 668 Restricted Stock Units were converted into the same number of common shares, with 190 common shares delivered or withheld at $69.63 per share for payment of exercise price or tax liability. Remaining RSU holdings reported cover 281 and 662 underlying common shares in separate grants.
Positive
- None.
Negative
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Insider Trade Summary
Net Buyer: 478 shares
Net Buy
6 txns
Insider
Kirtley Timothy
Role
EVP/CHIEF RISK OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F3, F4, F5 | 668 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 668 | -- | -- |
| Exercise Price or Tax Liability | Common Stock F2 | 190 | $69.63 | $13K |
| holding | Restricted Stock Units F3, F6, F7 | -- | -- | -- |
| holding | Restricted Stock Units F3, F8 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 3,607 shares (Direct);
Common Stock — 6,694 shares (Direct);
Common Stock — 240 shares (Indirect, PSBT 401 (k) Profit Sharing Plan)
Footnotes (8)
- F1. Restricted Stock units (RSUs) convert into common stock on a one-for-one basis.
- F2. This amount includes 164 shares of time based restricted common stock solely owned by Mr. Kirtley and 6,530 shares solely owned by Mr. Kirtley.
- F3. Each RSU represents a contingent right to receive one share of PFIS common stock.
- F4. On 8/29/2025, Mr. Kirtley was granted 3,332 RSUs vesting in five annual installments beginning 8/29/2026.
- F5. 668 RSUs vested on 8/29/2026 leaving 666 RSUs to vest each year on 8/29/2027, 8/29/2028, 8/29/2029, and 8/29/2030.
- F6. On 3/28/2025, Mr. Kirtley was granted 826 RSUs vesting in three annual installments beginning 3/11/2026.
- F7. 281 RSUs vested on 3/11/2026 leaving 273 RSUs to vest on 3/11/2027 and 272 RSUs to vest on 3/11/2028.
- F8. On 6/26/2026, Mr. Kirtley was granted 662 RSUs vesting in three annual installments beginning 6/26/2027.
Key Figures
RSUs converted to common stock: 668 shares
Common shares acquired from RSU conversion: 668 shares
Shares delivered or withheld for exercise price or tax liability: 190 shares
+5 more
8 metrics
RSUs converted to common stock
668 shares
Restricted Stock Units converted into PFIS common stock on 2026-08-29
Common shares acquired from RSU conversion
668 shares
PFIS common stock received upon RSU conversion on 2026-08-29
Shares delivered or withheld for exercise price or tax liability
190 shares
PFIS common shares at $69.63 per share on 2026-08-29
Per-share value for delivered/withheld shares
$69.63 per share
Applied to 190 PFIS common shares on 2026-08-29
Remaining RSUs (first grant) underlying shares
281 shares
Unvested portion from 826 RSUs after 281 vested on 3/11/2026
Remaining RSUs (second grant) underlying shares
662 shares
RSUs granted on 6/26/2026 vesting in three annual installments beginning 6/26/2027
RSU grant on 8/29/2025
3,332 RSUs
Grant vesting in five annual installments beginning 8/29/2026
RSU grant on 3/28/2025
826 RSUs
Grant vesting in three annual installments beginning 3/11/2026
Key Terms
Restricted Stock Units, time based restricted common stock, Exercise or conversion of derivative security, Payment of exercise price or tax liability by delivering or withholding securities, +1 more
5 terms
Restricted Stock Units financial
"Restricted Stock units (RSUs) convert into common stock on a one-for-one basis."
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
"This amount includes 164 shares of time based restricted common stock solely owned"
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
Payment of exercise price or tax liability by delivering or withholding securities financial
"transaction_code_description: Payment of exercise price or tax liability by delivering or withholding"
contingent right financial
"Each RSU represents a contingent right to receive one share of PFIS common stock."
FAQ
What insider transaction did PFIS executive Timothy Kirtley report on August 29, 2026?
Timothy Kirtley reported that 668 RSUs were converted into 668 PFIS common shares on August 29, 2026, as part of previously granted equity awards. This reflects scheduled vesting of his Restricted Stock Units.
What new PFIS common stock did Timothy Kirtley acquire from RSU vesting?
Through RSU conversion, 668 PFIS common shares were acquired on August 29, 2026. These came from Restricted Stock Units that convert into common stock on a one-for-one basis, as disclosed in the filing footnotes.
What PFIS RSU grants and vesting schedule are disclosed for Timothy Kirtley?
Kirtley received a 3,332 RSU grant on August 29, 2025, vesting in five annual installments beginning August 29, 2026, and an 826 RSU grant on March 28, 2025, vesting in three annual installments beginning March 11, 2026.
What PFIS RSU balances remain for Timothy Kirtley after the August 2026 vesting?
After reported vesting, remaining RSU positions shown cover 281 underlying PFIS shares from the March 2025 grant and 662 underlying PFIS shares from a June 26, 2026 grant, all held directly.
AI-generated analysis. How Rhea-AI works. Not financial advice.
