PEOPLES FINANCIAL (PFIS) grants 715 RSUs to lending EVP
Rhea-AI Filing Summary
Drobins Jeffrey A reported acquisition or exercise transactions in this Form 4 filing.
PEOPLES FINANCIAL SERVICES CORP. executive vice president and chief lending officer Jeffrey A. Drobins reported updated equity holdings. On June 26, 2026, he received a grant of 715 restricted stock units (RSUs), each representing a contingent right to one share of PFIS common stock, vesting in three annual installments beginning June 26, 2027.
After this filing, he holds 4,963.582 shares of common stock directly, plus 308 shares through the PSBT 401(k) Profit Sharing Plan, including 155 shares of time-based restricted common stock and 4,808.582 shares solely owned. He also has multiple RSU awards outstanding covering thousands of additional shares that vest over time.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Drobins Jeffrey A
Role
EVP/CHIEF LENDING OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 715 | $0.00 | $0.00 |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 12,752 shares (Direct);
Common Stock — 4,963.582 shares (Direct);
Common Stock — 308 shares (Indirect, PSBT 401(k) Profit Sharing Plan)
Footnotes (6)
- F1. This amount includes 155 shares of time based restricted common stock solely owned by Mr. Drobins and 4,808.5820 shares solely owned by Mr. Drobins.
- F2. Each restricted stock unit (RSU) represents a contingent right to receive one share of PFIS common stock.
- F3. On 3/28/2025, Mr. Drobins was granted 804 RSUs vesting in three annual installments beginning 3/11/2026.
- F4. 274 RSUs vested on 3/11/2026 leaving 266 RSUs to vest on 3/11/2027 and 264 RSUs to vest on 3/11/2028.
- F5. The RSUs vest in seven equal annual installments beginning 8/29/2026.
- F6. On 6/26/2026, Mr. Drobins was granted 715 RSUs vesting in three annual installments beginning 6/26/2027.
Key Figures
New RSU grant: 715 units
Direct common shares: 4,963.582 shares
401(k) plan shares: 308 shares
+3 more
6 metrics
New RSU grant
715 units
Restricted stock units granted June 26, 2026
Direct common shares
4,963.582 shares
Common stock directly owned after transactions
401(k) plan shares
308 shares
PFIS common stock via PSBT 401(k) Profit Sharing Plan
Time-based restricted stock
155 shares
Restricted common stock solely owned by Mr. Drobins
Outstanding RSUs (award 1)
11,763 units
RSUs convertible into common stock, direct ownership
Outstanding RSUs (award 2)
274 units
RSUs remaining from prior grant after vesting activity
Key Terms
Restricted Stock Units, time based restricted common stock, PSBT 401(k) Profit Sharing Plan, contingent right, +1 more
5 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units" and footnote describing each RSU as a contingent right"
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 155 shares of time based restricted common stock solely owned by Mr. Drobins"
PSBT 401(k) Profit Sharing Plan financial
"nature_of_ownership: "PSBT 401(k) Profit Sharing Plan" for indirect holdings"
contingent right financial
"Each restricted stock unit (RSU) represents a contingent right to receive one share of PFIS common stock"
vesting in three annual installments financial
"On 6/26/2026, Mr. Drobins was granted 715 RSUs vesting in three annual installments beginning 6/26/2027"
FAQ
What did PFIS executive Jeffrey A. Drobins report in this Form 4?
Jeffrey A. Drobins reported a new grant of 715 restricted stock units. The filing also updates his direct share ownership, 401(k) holdings, and existing RSU awards that vest over several future years.
How many restricted stock units did PFIS grant to Jeffrey A. Drobins?
He was granted 715 restricted stock units on June 26, 2026. Each RSU represents a contingent right to receive one PFIS common share, vesting in three equal annual installments starting June 26, 2027.
What indirect PFIS holdings does Jeffrey A. Drobins have through retirement plans?
He holds 308 PFIS common shares indirectly through the PSBT 401(k) Profit Sharing Plan. These plan holdings are reported separately from his directly owned shares and from his restricted stock unit awards.
How do the PFIS restricted stock units reported for Jeffrey A. Drobins vest over time?
The 715 RSUs granted on June 26, 2026 vest in three equal annual installments from June 26, 2027. Earlier RSU grants vest in multiple annual installments, including tranches scheduled in 2027 and 2028.
Does this PFIS Form 4 show any open-market stock purchases or sales by Jeffrey A. Drobins?
The Form 4 does not show any open-market purchases or sales. It primarily reports a compensation-related RSU grant and updates on existing direct, retirement-plan, and restricted stock unit holdings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
