PFIS executive gets 2,188-share grant, 791 shares withheld for taxes (PFIS)

Rhea-AI Filing Summary

PEOPLES FINANCIAL SERVICES CORP. executive John R. Anderson III reported stock-based compensation activity. He received a grant of 2,188 shares of common stock on February 27, 2026 at $0.00 per share, described as a grant, award, or other acquisition.

On the same date, 791 common shares were disposed of at $53.60 per share to cover tax liabilities by delivering securities, a non–open-market, tax-withholding disposition. After these transactions, he directly owned 6,684.748 common shares and held 1,880 additional common shares indirectly through the PSBT 401(k) Profit Sharing Plan.

Footnotes state that his direct holdings include 484 time-based restricted common shares, 6,160.748 solely owned shares, and 40 shares held jointly with his spouse. He also holds 866 restricted stock units, each representing a contingent right to receive one PFIS common share, vesting in three equal annual installments beginning March 11, 2026.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider ANDERSON JOHN R III

Role EVP/CHIEF OPERATING OFFICER

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,188	$0.00	--
Tax Withholding	Common Stock	791	$53.60	$42K
holding	Restricted Stock Units	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 7,475.748 shares (Direct); Restricted Stock Units — 866 shares (Direct); Common Stock — 1,880 shares (Indirect, PSBT 401(k) Profit Sharing Plan)

Footnotes (1)

1. This amount includes 484 shares of time based restricted common stock solely owned by Mr. Anderson, 6,160.748 shares solely owned by Mr. Anderson, and 40 shares held jointly with his spouse. Each restricted stock unit represents a contingent right to receive one share of PFIS common stock. The restricted stock units vest in three equal annual installments beginning March 11, 2026.

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^*

ANDERSON JOHN R III

(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 OPERATING OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026

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	02/27/2026		A		2,188	A	$0	7,475.748	D
Common Stock	02/27/2026		F		791	D	$53.6	6,684.748(1)	D
Common Stock								1,880	I	PSBT 401(k) Profit Sharing Plan

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 Units	(2)							(3)	(3)	COMMON STOCK	866		866	D

Explanation of Responses:

1. This amount includes 484 shares of time based restricted common stock solely owned by Mr. Anderson, 6,160.748 shares solely owned by Mr. Anderson, and 40 shares held jointly with his spouse.

2. Each restricted stock unit represents a contingent right to receive one share of PFIS common stock.

3. The restricted stock units vest in three equal annual installments beginning March 11, 2026.

	/s/ James M. Bone, Jr., As Attorney-in-Fact for John Anderson	03/03/2026
	** 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.

FAQ

What did PFIS executive John R. Anderson III report in this Form 4?

John R. Anderson III reported stock-based compensation changes involving PFIS common stock. He received a 2,188-share grant and had 791 shares withheld to satisfy tax obligations, along with updates to his direct, indirect, and restricted stock unit holdings disclosed in the filing.

How many PFIS shares were granted to John R. Anderson III?

He received a grant of 2,188 PFIS common shares at zero cost per share. The filing classifies this as a grant, award, or other acquisition, increasing his direct ownership before accounting for any shares withheld for tax obligations on the same date.

Were any PFIS shares sold on the open market in this Form 4?

The filing shows 791 PFIS common shares were disposed of at $53.60 per share to satisfy tax liabilities. This is labeled as payment of tax liability by delivering securities, indicating a tax-withholding disposition rather than an open-market sale by the executive.

What is John R. Anderson III’s PFIS share ownership after these transactions?

After the reported transactions, he directly owned 6,684.748 PFIS common shares and indirectly held 1,880 common shares through the PSBT 401(k) Profit Sharing Plan. The filing also notes a separate holding of 866 restricted stock units linked to future PFIS share delivery.

What PFIS restricted stock units does John R. Anderson III hold and when do they vest?

He holds 866 PFIS restricted stock units, each representing a contingent right to one common share. According to the footnotes, these units vest in three equal annual installments beginning March 11, 2026, providing a staggered schedule for future share delivery.

How are time-based restricted PFIS common shares described in the filing?

The filing notes that his direct holdings include 484 shares of time-based restricted PFIS common stock. These are counted within his directly owned shares and are separate from the 866 restricted stock units, which represent contingent rights to receive PFIS common shares in the future.