PFIS CFO exercises 317 RSUs into common shares

PEOPLES FINANCIAL SERVICES CORP.

Accepted by SEC EDGAR 03/13/2026 - 05:20 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

PEOPLES FINANCIAL SERVICES CORP. Executive Vice President and Chief Financial Officer James M. Bone Jr. exercised 317 restricted stock units on common stock, converting them into 317 shares of common stock at a stated price of $0.0000 per share. Following this derivative exercise, he directly owns 10,797.9104 shares of common stock and 615 restricted stock units, which are scheduled to vest in installments of 308 units on March 11, 2027 and 307 units on March 11, 2028. In addition, 159.3854 common shares are held indirectly through his spouse.

Insider Trade Summary

317 shares exercised/converted

Exercise 2 txns

Insider BONE JAMES M JR

Role EVP/CHIEF FINANCIAL OFFICER

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	317	$0.00	$0.00
Exercise	Common Stock	317	$0.00	$0.00
Holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Unit — 615 contracts (Direct); Common Stock — 10,797.9104 shares (Direct); Common Stock — 159.3854 shares (Indirect, By Spouse)

Footnotes (4)

1. F1. Restricted stock units (RSUs) convert into common stock on a one-for-one basis.
2. F2. This amount includes 1,128 shares of time-based restricted common stock solely owned by Mr. Bone; 8,701 shares held jointly with his spouse; 890 shares co-owned with Mr. Bone's father and siblings; and 78.9104 shares owned solely by Mr. Bone.
3. F3. On 3/28/2025, Mr. Bone was granted 932 RSUs vesting in three annual installments beginning 3/11/2026.
4. F4. 317 RSUs vested on 3/11/2026 leaving 308 RSUs to vest on 3/11/2027 and 307 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 CFO James M. Bone Jr. report?

James M. Bone Jr., CFO of PFIS, reported exercising 317 restricted stock units into 317 shares of common stock at a stated price of $0.0000 per share. This reflects a routine conversion of equity compensation rather than an open-market stock purchase or sale.

How many PFIS shares does CFO James M. Bone Jr. hold after this Form 4?

After the transactions, James M. Bone Jr. directly owns 10,797.9104 shares of PFIS common stock. He also has 615 restricted stock units outstanding and 159.3854 shares held indirectly through his spouse, providing a combined mix of direct, indirect, and unvested equity interests.

What are the vesting terms of James M. Bone Jr.’s PFIS restricted stock units?

A grant of 932 restricted stock units was made on March 28, 2025, vesting in three annual installments beginning March 11, 2026. 317 units vested on that 2026 date, with 308 scheduled to vest on March 11, 2027 and 307 on March 11, 2028.

Is the PFIS CFO’s Form 4 transaction an open-market buy or sell?

The Form 4 does not show any open-market buy or sell. It records a derivative exercise coded “M,” where restricted stock units were converted into 317 common shares at a stated price of $0.0000, reflecting equity compensation vesting rather than trading activity.

How many PFIS restricted stock units does the CFO still have after this vesting?

After 317 restricted stock units vested on March 11, 2026, James M. Bone Jr. retains 615 restricted stock units. According to the footnotes, 308 are scheduled to vest on March 11, 2027 and 307 on March 11, 2028, subject to the grant terms.

What indirect PFIS share ownership is reported for the CFO on this Form 4?

The filing shows 159.3854 PFIS common shares held indirectly, noted as “By Spouse.” These shares are attributed to James M. Bone Jr. as indirect ownership, in addition to his directly held shares and outstanding restricted stock units disclosed in the same report.

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

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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^*

BONE JAMES M JR

(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 FINANCIAL 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		317	A	(1)	10,797.9104(2)	D
Common Stock								159.3854	I	By Spouse

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			317	(3)	(3)	Common Stock	317	$0	615(4)	D

Explanation of Responses:

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

2. This amount includes 1,128 shares of time-based restricted common stock solely owned by Mr. Bone; 8,701 shares held jointly with his spouse; 890 shares co-owned with Mr. Bone's father and siblings; and 78.9104 shares owned solely by Mr. Bone.

3. On 3/28/2025, Mr. Bone was granted 932 RSUs vesting in three annual installments beginning 3/11/2026.

4. 317 RSUs vested on 3/11/2026 leaving 308 RSUs to vest on 3/11/2027 and 307 RSUs to vest on 3/11/2028.

	/s/ Stephanie A. Westington, CPA As Attorney in Fact for James M. Bone, Jr., CPA	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.