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Peoples Financial (PFIS) CEO gains 689 shares as RSUs vest

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

Rhea-AI Filing Summary

PEOPLES FINANCIAL SERVICES CORP. Chief Executive Officer Gerard A. Champi exercised restricted stock units that vested into 689 shares of common stock on March 11, 2026. These RSUs convert into common stock on a one-for-one basis and represent the first vesting installment from a prior grant.

After this transaction, Champi directly holds 20,436 shares of common stock, which include time-based restricted shares and jointly held shares with his spouse, and 1,335 restricted stock units outstanding. This filing reflects routine equity compensation vesting rather than an open-market purchase or sale.

Positive

  • None.

Negative

  • None.
Insider Champi Gerard A
Role CHIEF EXECUTIVE OFFICER
Type Security Shares Price Value
Exercise Restricted Stock Unit 689 $0.00 --
Exercise Common Stock 689 $0.00 --
Holdings After Transaction: Restricted Stock Unit — 1,335 shares (Direct); Common Stock — 20,436 shares (Direct)
Footnotes (1)
  1. Restricted stock units (RSUs) convert into common stock on a one-for-one basis. 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. 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.
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Form 4 Insider Transactions: What Each Field Means →
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*
Champi Gerard A
(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)
CHIEF EXECUTIVE 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 689 A (1) 20,436(2) 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Unit (1) 03/11/2026 M 689 (3) (3) Common Stock 689 $0 1,335(4) D
Explanation of Responses:
1. Restricted stock units (RSUs) convert into common stock on a one-for-one basis.
2. 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.
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.
/s/ James M. Bone, Jr., CPA, As Attorney in Fact for Gerard A. Champi 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.
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

FAQ

What insider transaction did PFIS CEO Gerard Champi report?

Gerard Champi reported the vesting and exercise of 689 restricted stock units into common stock. The RSUs converted on a one-for-one basis, increasing his directly held common shares without any open-market buying or selling activity.

How many PFIS shares does the CEO hold after this Form 4 filing?

After the transaction, Gerard Champi holds 20,436 shares of common stock. This amount includes 1,944 time-based restricted shares, 375 shares solely owned, and 18,117 shares held jointly with his spouse as disclosed in the filing footnotes.

What are the terms of the PFIS RSU grant to the CEO?

On March 28, 2025, Gerard Champi was granted 2,024 restricted stock units vesting in three annual installments beginning March 11, 2026. These RSUs convert into common stock on a one-for-one basis when they vest, adding to his share ownership.

How many PFIS RSUs vested and how many remain for the CEO?

On March 11, 2026, 689 RSUs vested for Gerard Champi. According to the filing, 668 RSUs are scheduled to vest on March 11, 2027, and 667 RSUs on March 11, 2028, leaving 1,335 unvested RSUs outstanding after this transaction.

Does this PFIS Form 4 show any stock sales by the CEO?

The Form 4 does not show any stock sales by Gerard Champi. It reports an exercise or conversion of 689 restricted stock units into common stock at a price of $0.00 per share, reflecting equity compensation vesting rather than a market sale.

How do PFIS restricted stock units convert into common stock?

The filing states that restricted stock units convert into common stock on a one-for-one basis. When RSUs vest, each unit automatically becomes one share of Peoples Financial Services Corp. common stock, increasing the holder’s share count accordingly.